FG to roll over 2020 capital projects in 2021 Budget - Senate Chairman
Following the negative effect of coronavirus on the Nigerian budget implementation process, the Federal Government is considering rolling the 2020 projects under capital component over to the 2021 budget.
In an interview with New Telegraph in Abuja, the Chairman, Senate Committee on Appropriations, Jibrin Barau, revealed the possibility of rolling over the budget while speaking on the level of implementation of the 2020 budgets.
According to Jibrin, the 2020 budget implementation was profoundly affected by the COVID-19 pandemic; he said that the rolling over of some of the 2020 budget into next year would be unavoidable.
The chairman said he would work with the Chief Executives of agencies to meet the various requirements in the budget implementation process to the best interest of Nigeria.
The committee on Appropriations would look into the budget performances of agencies of government based on funds released by the Federal Ministry of Finance, he said.
He added that some of the capital projects which could not be executed due to existing difficulties in the national economy would be rolled over.
“The 2020 budget had just been signed a few weeks ago, and now, the next thing that comes up is that ministries begin to actualize the provision of the budget, " Jibrin said.
“Where we are now is the Chief Executives of various ministries are working round the clock to construct the procurement process.
“There is a release of funds by the Federal Ministry of Finance so that the budget can easily be implemented.
“It’s when agencies of government get funds that they will switch into action to implement a capital aspect of the budget, so this is the stage we are now,” he said.
Jibri said that the 2020 project was meant to start running from March 2020, but it was put to halt due to the COVID-19 outbreak.
“If not because of COVID- 19, the budget would have started running since February or March 2020. Unfortunately, it’s in the heat of the COVID-19 pandemic.
Share With Friends