FG extends 2016 budget implementation to March 2017
The Federal Government has extended the execution of the N1.58tn capital component of the 2016 budget to the end of March 2017. The development was confirmed by the Accountant-General of the Federation, Alhaji Ahmed Idris, via a circular with reference number OAGF/CAD/026/V.111/108. The circular, which was obtained by our correspondent on Friday in Abuja, was addressed to top government officials such as the Chief of Staff to the President, Secretary to the Government of the Federation, ministers, National Security Adviser, Governor of the Central Bank of Nigeria and all service chiefs. Others are the Chairman of the Federal Inland Revenue Service, all permanent secretaries (federal), Clerk of the National Assembly, Auditor General of the Federation, all vice chancellors of federal universities, all directors of finance and internal audit and all directors-general. The circular, titled “Guidelines for financial activities for end of year 2016”, stated that while the implement...