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Udoma Disagrees With World Bank, Says Nigeria’s Economy Will Grow By 3.01% In 2019

Udoma Udo, the minister of budget and national planning, says the Nigerian economy will grow by 3.01 percent in 2019 — at variance with the World Bank’s forecast of 2.2 percent in the same year. Udoma who was speaking at the Deloitte Dialogue on Nigeria’s Economic Outlook for 2019, in Lagos, said the proposed 2019 […]

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2018 Budget: N820bn Released For Capital Project Implementation, Says Udoma

The Federal Government has so far released the sum of N820.5bn for the implementation of capital projects contained in the 2018 budget. The Minister of Budget and National Planning, Senator Udo Udoma gave the figure on Thursday in Abuja while making a presentation on the 2019 Budget. He said the total amount released for the […]

Udoma Says FG Committed To Expanding Export Of Locally Produced Goods & Services

The Minister of Budget and National Planning, Senator Udoma Udo Udoma says the Federal government is committed to the diversification of the country’s economy away from dependence on oil and gas. Senator Udoma who was delivering the keynote address at the 42nd Annual Conference Dinner of the Institute of Chartered Secretaries and Administrators of Nigeria […]

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Economy: There’s Urgent Need To Moderate Rapid Population Growth – Udoma

 The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Tuesday drew attention to the dangers of uncontrolled population growth on the economy and emphasised the need to generate national support for measures that can help moderate the rapid rate of population growth in the country. Senator Udoma who chaired the session on “Sustainable development” […]

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Budget Minister inaugurates Aid Transition Working Group

The Budget and National Planning Minister, Senator Udoma Udo Udoma, on Thursday in Abuja inaugurated the Technical Working Group for the Nigeria Aid Transition Plan (TWG-NATIP), whose mandate is to develop a comprehensive strategy for addressing the funding gap that may arise with the scaling down of development partner funding to Nigeria. The Minister said […]

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Nigeria’s Economic Outlook Positive, Says Udoma

The Minister of Budget and National Planning, Senator Udo Udoma, has restated that Nigeria’s economic outlook for 2018 and over the medium-term is very positive. He indicated that the government was rolling out initiatives, such as the Economic Recovery and Growth Plan focus labs, aimed at attracting sufficient private sector investments to ensure that the […]

FG to collaborate with Private sector to develop indigenous products and technology

Federal Government agencies will work with the private sector to support research with a view to developing high quality indigenous products and technologies, the Minister for Budget and national Planning, Senator Udoma Udo Udoma, told members of the Nigerian Employers Consultative Association (NECA) on Tuesday. Udoma in a keynote address at the Annual General Meeting […]

Collaboration with civil society key to effective implementation of budgets – Udoma

The Federal Government on Tuesday emphasized the need for effective collaboration of Civil Society Organizations (CSOs) in ensuring effective implementation of public policies, plans and budgets in Nigeria through involvement in advocacy, monitoring and evaluation. Acknowledging the potency of the CSOs in such roles at a Situation Room Dialogue on the 2017 Budget in Abuja, […]