African Development Bank,AFDB, needs to fast-track the one billion dollars loan facility it promised the country as support for the twenty-sixteen budget.
The loan is expected to cover the thirty-five per cent shortfall in the budget.
Minister of Budget and National Planning, Senator Udo Udoma, said this while giving an overview of government’s plan to reflate the economy and get out of the recession.
Udoma said government was trying to contain the militancy in the Niger Delta which had affected oil production in the country.
Meanwhile, the Senate has invited the Minister over the Medium Term Expenditure Framework,MTEF, for twenty-seventeen to twenty-nineteen.