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The weekly meeting of the Federal Executive Council, FEC, expected to hold on Wednesday (today) has been postponed to Thursday (tomorrow) to allow for completion of preparation of the 2018 budget.
This was revealed in a tweet by the official handle of Office of the President @NGRPresident on Wednesday.
The Presidency reiterated its commitment to return the annual budget calendar to January – December, hence its decision to work towards passing the 2018 budget before the end of 2017.
Federal Executive Council (FEC) Meeting will hold tomorrow, Thursday Oct 26. Agenda is #Budget2018, which is currently being finalized.
— Presidency Nigeria (@NGRPresident) October 25, 2017
We’re on course with plans to have #Budget2018 passed into law before the end of 2017, and restore the budget calendar to Jan—Dec https://t.co/g6D3S06JIj
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— Govt of Nigeria (@AsoRock) October 25, 2017
“Federal Executive Council (FEC) Meeting will hold tomorrow, Thursday, Oct 26. Agenda is #Budget2018, which is currently being finalized.”
“We’re on course with plans to have #Budget2018 passed into law before the end of 2017, and restore the budget calendar to Jan—Dec”
The meeting, as usual, will be presided over by President Muhammadu Buhari who just arrived from a working visit to Niger.
The Minister of Budget and Planning, Udo Udoma, had in August announced that the 2018 budget estimates will be submitted to the National Assembly for consideration at the end of October.