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UDOMA UDO UDOMA

Budget Minister, Udo Udoma Inaugurates 15-Member NBS Governing Board

The Minister of Budget and National Planning, Senator Udoma Udo Udoma today in Abuja inaugurated the 15-member Governing Board of the National Bureau of Statistics, NBS. Udoma charged the new Board to work in harmony with the management of the Bureau to achieve its goals, especially considering the important role that the NBS plays in nation building. He pointed out that the roles and responsibilities of the Governing Boards of Parastatals and Agencies as provided in their respective establishment Acts are quite…

Improving Healthcare, A Priority Of The Buhari Government – Udoma

The Minister of Budget and National Planning, Senator Udoma Udo Udoma has said improving healthcare is one of the priorities of the President Muhammadu Buhari government. Udoma stated this in Abuja on Tuesday while declaring open the Value for Money in Health Sector Workshop organised by the Collaborative African Budget Reform Initiative (CABRI). The honourable minister recalled that even with a reduction by 3.2% of the aggregate Federal Government expenditure, from N9.120trillion in the 2018 Budget to N8.83…

Budget Minister Happy Over Economic Performance Since Recession

Nigeria’s Minister of Budget and National Planning, Senator Udoma Udo Udoma, has expressed delight at the 4th Quarter 2018 numbers released today by the National Bureau of Statistics (NBS). In a statement by his Special Adviser, Akpandem James said senator Udoma was particularly encouraged by the fact that the growth was largely driven by the non-oil sector which grew by 2.70% in the quarter, posting a growth of 2.0% for full year 2018, representing the strongest growth in non-oil Gross Domestic Product, GDP since the…

Udoma Calls For Concerted Efforts To Fight Malnutrition

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Monday, called on relevant Ministries, Departments and Agencies at all levels to invest in nutrition. He made the call when he flagged off the 2018 Nutrition Week aimed at increasing awareness on the dangers posed by malnutrition and serve as a platform for mobilizing stakeholders towards addressing the scourge in the country. A statement signed by Special Adviser (Media) to Hon. Minister, Akpandem James said the state of Nigeria’s food…

Nigeria Raises $2.86bn Eurobonds To Fund 2018 Budget

The Federal Government on Wednesday said it had raised 2.86 billion dollars three-series international bond under its Global Medium Term Note Programme. Mr Paul Abechi, Special Adviser to the Minister of Finance on Media and Communications disclosed this in a statement in Abuja. He said that the offering attracted significant interests from leading global institutional investors with a peak combined order booking of over 9.5 billion dollars. Abechi said that the outcome of the transaction reflected an…

Over Reliance On Oil, Gas Exports Holding Nigeria’s Economy Hostage – Budget Minister

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, CON, has said that Nigeria’s over reliance on oil and gas exports has held the economy hostage. He made the statement while speaking at the 42 Annual Conference of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) on Thursday. Speaking on the theme: ‘Exploring the diversification agenda towards the emergence of a resilient economy,’ Udoma said “It is most embarrassing for us in Nigeria that over 40 years later we are still…

Nigeria’s Economy Moving In A Positive Direction – Udoma

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Thursday, said the implementation of the Economic Recovery and Growth Plan (ERGP 2017 - 2020), is moving Nigeria's economy in a positive direction. He said this while speaking with a global audience at the presentation of the International Monetary Fund (IMF) Regional Economic Outlook Report for Sub-Africa in Indonesia. HE said actions taken since the launch of the Plan in early 2017 have helped to build buffers and appropriate measures to…

UN’s Move To Tackle Development Challenges In Sahel Region Commendable – Udoma

The Federal Government has welcomed the Sahel Initiative by the United Nations aimed at tackling development challenges of countries in the Sahel Region of Africa, noting that security challenges ravaging the region have taken much of the resources that would have been channeled to development programmes. The Minister of Budget and National Planning, Senator Udoma Udo Udoma, while receiving the Special Adviser in the Office of the Secretary General of the United Nation in charge of the Sahel Region, Mr Ibrahim Thiaw, in…

2018 Economic Summit To Focus On Governance, Human Development – Udoma

This year’s edition of the Nigerian Economic Summit (NES 24), will focus on good governance as a path to sustainable human and economic development, the Minister of Budget and National Planning, Senator Udoma Udo Udoma says. Briefing media professionals in Abuja on Tuesday, Udoma said the aim of the summit is to work towards achieving the goals of the Economic Recovery and Growth Plan (ERGP). The minister pointed out that even as the ERGP is a carefully articulated medium-term plan specifically tailored to restore the…

Nigeria Urgently Needs To Control Its Growing Population – Udoma

Minister of Budget and National Planning, Senator Udoma Udo Udoma, has raised alarm over Nigeria’s rapidly growing population, calling on relevant authorities to generate measures that can help moderate the pace. Udoma stated this on Tuesday while speaking at the 58th Annual General Meeting of the Nigeria Bar Association holding at the International Conference Centre in Abuja. The minister, who chaired the session on “Sustainable development”, said that current estimates suggest that more than four million people are…