FG’s Plan For Zero-Based Budgeting In 2016 Will Block Financial Leakages – Minister

Minister of Budget and Planning-Udoma Udo-UdomaThe Minister of Budget and Planning, Senator Udoma Udo-Udoma Wednesday said that the Federal Government’s plan for zero-based budgeting from next year would block all financial leakages and bring accountability into government spending.

He stated this at an even to commemorate the 2015 Evaluation year declared by the UN as well as the inauguration of the Association of Evaluators, Nigerian chapter.

According to Udo-Udoma, when adopted, the zero-based budgeting would help government to adopt a management framework on how to manage funds.

“Steps are being taken to review and update our long term strategic framework so that Nigeria can key into the 2015 sustainable development goals.

“We are embarking on the reformed budgeting /planning process by adopting the zero base budgeting policies driven approach for appropriating 2016 budget.

“Efforts are being made to block financial leakages through measures that include the operation of single treasury accounts to grow the size of government revenues especially from the non-oil sources”, he said.

The Chief Planning, Monitoring and Evaluation, UNICEF Nigeria, Mr. Dennis Jobin, said the 2015 Monitoring and Evaluation Day was one of the tools for good governance.

Jobin explained that the group had a mandate to create awareness on immunizing children from diseases.

“Each year more than four million children die of diseases such as polio, meningitis, yellow fever among others”, he said.

Speaker of the House of Representatives, Yakubu Dogara, said the commemoration of the day in Nigeria would promote nationalism and synergy between the federal government and other countries.

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