The president made this statement while presenting the 2021 budget, tagged ‘Economic Recovery and Resilience’, to the National Assembly today.
President Muhammadu Buhari has again warned amongst many other times, that any government agency that carries out recruitment without authorisation in 2021 will be sanctioned.
The president also said Nigeria’s economy performed better than that of many other countries despite facing serious challenges due to the coronavirus pandemic which brought most economies of the World to a stand still, whilst Nigeria persevered. President Buhari said this while presenting the 2021 budget estimate to a joint session of the target.
He further urged the legislature to pay close attention to the revenue as much as they do to the expenditure, as “the 2021 budget drives MDAs to generate revenue, no matter how little.” The 2021 budget is themed ‘Economic Recovery and Resilience’ with the aim of promoting economic diversification and social inclusion.
He mentioned the 2021 budget is the roadmap for a post-coronavirus economy which is aimed at accelerating and revamping the economic recovery process. It is meant to determine how we bounce back after the difficulties both financially, and most especially economically incurred due to COVID-19.
According to the Medium Term Expenditure Framework approved by the Senate and House of Representatives, the estimated budget expenditure is expected to be about N13.08 trillion. “Crude oil projected at $40bpd, exchange rate at N379 to $1, GDP at three per cent and inflation rate at 11.95 per cent,” he disclosed.
Last year, the president while presenting the 2020 Budget proposal (Appropriation Bill) also warned that all government agencies must obtain approval before deciding on any recruitment exercise as from November 2019, the Vanguard newspaper reported.Similarly in 2017. while presenting the 2018 budget, President Buhari also placed a ban on fresh recruitment by all federal government ministries, departments and agencies (MDAs), except by presidential approval.
President Buhari warned MDAs to ignore any request from government officials aimed at giving undue advantage to anyone seeking jobs or other favours, Premium Times in July also reported.
However, Mr Buhari is yet to let the public know what any eventual sanctions would entail or if any of the MDAs have been punished for recruiting without presidential approval.