‘Nigerian govt. has no intention of being an investor in Agriculture’- Planning Minister
The Minister of Budget and National Planning, Udo Udoma has said the N9 billion allocated to solid minerals and N43 billion to agriculture would help to create an enabling environment for private investment.
He said the Federal Government did not have any intention of being an investor in the Agricultural sector.
“What the government does is to provide enabling environment and infrastructure, for the private sector to take the lead’’ he said.
Udoma explained that the 2016 budget was zero based, adding that it did not mean that there would not be ceiling as obtained in the envelop system.
He clarified that zero based budgeting meant that each project must be justified by Ministries, Departments and Agencies (MDAs) before they are included in the budget.
The minister said that there would be mid term review of the budget in the event that the 38 dollars per barrel benchmark and provisions in the budget were not realisable.
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