President Muhammadu Buhari is set to assent to the 2016 Appropriation Act which has been dogged by controversy over alleged tampering of its key provisions by the National Assembly.
Vice President Yemi Osinbajo revealed this while speaking at the “Platform,” a non-denominational conference, sponsored by the Covenant Christian Centre in Abuja on Saturday, saying that the budget will become operational within a few days when signed.
He said government will immediately commence the completion of power projects began by the immediate past administration of ex-President Goodluck Jonathan, saying, “the budget will be become operational in the next few days.”
Osinbajo regretted that Nigerians have started to question the existence of the “change agenda” promised by the All Progressive Congress (APC) during the electioneering campaign, noting that they were unnecessarily being impatient.
He said the present administration was working behind the scene to correct the ills that has been inflicted on them over the years.
“People now wonder where is the ‘Change’ where is the change that formed the crux of our electioneering campaigns during the elections,but they fail to understand that patience is also a virtue that they must have as a people,” he said.
Osinbajo stated the government will begin the diversification of the economy since dwindling oil resources can no longer guarantee the sustenance of the economy.
Noting that most states were not measuring up in revenue, he said diversification will begin from three key sectors of agriculture, technology and innovation as well as entertainment.
According to him, agriculture has enormous potential with Nigeria needing an average of seven million metric tonnes of rice to feed its population per year while foreign exchange needed to import rice was between N4 to N5billion a year.