MINISTER of Budget and National Planning Udoma Udo- Udoma,, said yesterday that the 2016 budget is realisable in spite of the falling oil price.
The minister according to the Director of Information in the ministry, Mr Charles Dafe, said the minister spoke when a delegation from the African Development Bank (ADB) visited the ministry.
Udo-Udoma said was quoted as saying: “Our budget is achievable; we have ongoing reforms targeted at diversifying our revenue base away from single oil commodity economy.
“Our Minister of State for Petroleum, Ibe Kachikwu, is assiduously applying innovative financing in the oil sector to address any likely revenue gap from our projected oil revenue.
“Plugging leakages through zero tolerance to corruption, application of sound public financial management and improved revenue collection system are reforms targeted to achieve the budget.”