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- The Federal Government, in a bid to attain robust external reserves, is planning to increase the amount in the Excess Crude Account from the current balance of $2.25bn to $3.95bn next year.
- It is also targeting fresh private sector investment of $1.5bn (N315.2bn) in infrastructure within the 2016 fiscal period. These figures are contained in the Medium Term Plan 2016-2020 prepared by the National Planning Commission and submitted to Ministries, Departments and Agencies (MDAs) of government for validation.
- The monetary estimates for the 2016 budget are still being worked out by the respective MDAs and may be ready by mid-November, according to the timeline stipulated in the document.
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RMAFC submits political office holders’ pay review to Tinubu
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