Following the signing of the 2016 Budget on Friday by President Muhammadu Buhari, the Federal Government has said that its focus has shifted to implementation.
The Federal Government stated that the Strategic Implementation Plan (SIP) is a compendium of high-level interventions that the it will initiate/complete this fiscal year.
“The SIP has been put together by the Min of Budget & National Planning, and the Economic Management Team under the leadership of Vice President Professor Yemi Osinbajo.
The SIP will be both a source of info on government priorities for 2016, as well as a means of tracking progress.
It assembles the Budget Interventions, and Fiscal, Monetary, Trade and Investment Policy Reforms to reflate and reposition the Economy.
It also outlines more than 30 Specific, Measurable Priority Actions to be completed across 6 Strategic Intervention Areas,” it said in a series of tweets.
See details below:
Strategic Intervention Area 4: Oil and Gas Reforms:
- Work with National Assembly to pass Revised Petroleum Industry Bill (PIB).