FG Says There Will Be No New Project In Nigeria In 2021

 

Ministries, Department and agencies (MDAs) have been directed by the federal government, not to make plans for new projects in 2021. 

Nigerian Tribune reported that the circular signed by the minister of finance Zainab Ahmed read;

" The thrust the FGN's capital expenditure programme in 2021 will be the completion of as many ongoing projects as possible, rather than starting new projects.

Thus, MDAs are hereby advised that new projects will not be admitted into the capital budget for 2021 unless adequate provision has been made for the completion of all."

The circular which disclosed that there will be no personnel budget for MDAs that are yet to be on the integrated personnel and payroll information system (IPPIS), also warned against inclusion of recurrent expenditure, vehicle and furniture allowance. It is also expected that there will be restriction on personnel traveling and training in the coming year.

The circular added " MDAs Should take into consideration the 2023 medium team policies/strategies contained in the 2021 expenditure framework and fiscal strategy paper (MTEF/FSP ) which is the FGN's pre-budget statement.

" The budget shall be prepared using the zero-based budgeting (ZBB) approach and in line with the government's policy thrust , as articulated in the Nigeria economic sustainability plan (NESP)."

The directive which was conveyed in a 2021 budget call circular issued by the federal ministry of finance, budget and national planning, came ahead of the preparation of New year's budget estimates.