The federal executive council (FEC) has approved the draft for the 2018 budget proposal.
Minister of budget and national planning, Udo Udoma, said this on Thursday while addressing state house correspondents after the weekly FEC meeting in Abuja.
He said that FEC will liaise with the national assembly on when President Muhammadu Buhari will submit the 2018 budget draft to the lawmakers.
“We did promise that the budget will be ready in October and it will be ready in October,” he said.
“We are liaising with the national assembly because they have to approve the date for the president to come and address them to submit the budget.
“Before now we use to submit in December but now the budget is ready in October so there is a very big difference.”
The minister, however, declined to reveal the details of the proposal, saying “it is the president’s prerogative to submit the budget, submit the proposals and give the details. I will be operating above my brief if I do that, the constitution gives that authority to the president.”
Udoma had said in September that the 2018 budget will be ready in January 2018.
“For 2018 (budget), the federal government part of it has been concluded with the hope that it will be submitted to the national assembly in January,” Udoma, who was represented by Aso Vakporoye, deputy director, economic growth in his ministry, had said.
