FEC to Hold Emergency Meeting

The Federal Executive Council will hold an emergency meeting on the Medium Term Expenditure Framework (MTEF) on Monday.

The meeting which will be presided over by President Muhammadu Buhari is expected to approve the MTEF in preparation for the presentation of the 2016 Budget.

The Minister of Budget and National Planning, Udoma Udo Udoma, told State House correspondents on Saturday that his ministry would seek FEC’s approval for the MTEF next week.

However, the minister did not give a specific date for the meeting.

Udoma spoke with journalists shortly after Vice President Yemi Osinbajo visited the old Banquet Hall of the Presidential Villa where officials working on the 2016 Budget have been working.

Source: The Nation Online