Vice President Yemi Osinbajo on Wednesday presided over the first Economic Management Team (EMT) meeting of President Buhari ‘s second term, Next Level.
The Spokesman to the Vice President, Laolu Akande, told BusinessDay that the meeting focused on the preparations of the 2020 Budget, billed for submission in the last week of September 2019, to the National Assembly.
The EMT serves as an advisory body to the Federal Executive Council FEC, and is expected to review government’s Medium-Term Expenditure Framework 2019 to 2021, for the approval of the FEC, ahead of its presentation to the National Assembly.
According to Akande “The meeting is part of the preparation for the 2020 budget presentation. Their plans are subject to review and approval of FEC”
The meeting was attended by the Ministers of Finance, Budget & National Planning, Zainab Ahmed, Industry, Trade & Investment; Adeniyi Adebayo, Information; Lai Mohammed, Works & Housing; Babatunde Fashola, Budget & National Planning( State) , Clement Agba and Minister of Petroleum (State), Timipre Silva.
Other top government functionaries attending the meeting include the Central Bank Governor, Godwin Emefiele, Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari, and Federal Inland Revenue Service Chair, Babatunde Fowler.
The meeting is also being attended by the Director General, DG, Budget; Ben Akabueze, Director General, Debt Management Office (DMO), Patience Oniha, Director General , National Bureau of Statistics (NBS) , Yemi Kale
Others include the Special Adviser Economic Matters, among others. Meeting opens with a review of the 2019 Budget implementation.
More later…
