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The 2016 budget: Buhari’s N500bn Intervention Fund Not Feasible – Sen. Danjuma G - Politics - NairaMan

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The 2016 budget: Buhari’s N500bn Intervention Fund Not Feasible – Sen. Danjuma G by chapatti(: 10:14 am On Mar 04, 2016

From our close sources on ground at the National Assembly, there will be no Implementation of N500 billion intervention fund contained in the 2016 budget proposal because there are no clear implementation strategies, the joint committee on Appropriation has said.

Sen. Danjuma Goje the chairman, Senate Committee on Appropriation, made the statement on Thursday in Abuja while clarifying the reason for it.

His statement was made at an interactive session with Ministry of Budget and Planning, Ministry of Finance, Central Bank of Nigeria (CBN) Accountant General’s Office and other stakeholders in the economy.

According to Senator Goje while speaking, noted that though the executive gave explanations about the implementation strategies, they were not satisfactory.

“There is no detailed, clear cut structure laid down for implementation of this project because what we have in this budget is N300 billion recurrent and N200 billion capital.

“We had to push hard yesterday to get some details which were not convincing.

“For instance, the explanation we got was that N5, 000 would be given to one million Nigerians.

“Who would choose the one million people, what structures you have in place to make sure that you choose the right people.

“You want to give money to about one million market women or there about and in my place we do not have many market women.

“How would they choose the market women that would represent all interests.

“We have not got clear explanations to these numerous issues surrounding the implementation of this programme.

“Even the afternoon school feeding contained in the budget is not feasible because some students study under non conducive environment. Will feeding them enhance their learning,’’ he said.
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