In a bid to cushion the lingering economic hardship, the federal government has released over 50 percent capital vote worth N 9.8 billion to ministries, departments and agencies (MDAs) to enable it work effectively.
This decision was the outcome of the 15th meeting of the Joint Planning Board and National Council on Development in Kano, where Vice President Yemi Osinbajo said the present administration places high priority on infrastructural development.
Osinbajo explained that, the nation’s development depends largely on sustainable infrastructural development. He maintained that strategic planning generally provides direction, coherence and coordination and is a veritable framework for guiding the activities of all stakeholders towards achieving a common goal.
Speaking further, the vice President, said that strategic planning for Sustainable Development Goals (SDGs) requires effective and efficient partnership as provided in goal 17, which necessitates the need for partnering with states to get the needed economic development.
In preference of the short-term strategic implementation plan, he said, was done to guide the implementation of the 2016 budget. He also stated that government accorded priority to agriculture for self-sufficiency and food security across the federation.
However, considering the outbreak of poliomyelitis in the country, the Minister of Health, Professor Isaac Adewole, yesterday said Nigeria was seeking a $125 million loan from the World Bank for provision of enough vaccines against the epidemic and other communicable diseases that make life unbearable for the masses.
But, government has released the N 9.8 billion vote for that purpose in the 2016 budget. The health minister disclosed this before the Senate Committee on Primary Health Care and Communicable diseases, stressing that the loan facility is important considering the high cost of polio vaccines.