The President is expected to present the budget to a joint session of the National Assembly on Tuesday.
Speaking with State House Correspondents, the Minister of Information and Culture, Alhaji Lai Mohammed said the postponement was to allow the ministers reflect on some of the corrections made on the 2016 Budget proposal during yesterday's meeting of the National Economic Council.
Noting that the FEC members were expected to do some "rejigging of figures" and return for the meeting on Monday afternoon, Mohammed clarified that, "The meeting was not cancelled. It was postponed till Monday afternoon".
His words, "The reason is that you know there was a meeting of the National Economic Council yesterday (Thursday).
"At that meeting, many of the key cabinet members made presentations. There were some fallouts from those presentations that will necessitate going back to the original document that should have been discussed today.
"So, we were given time between now and Monday to go and rejig our figures because when the NEC met, certain issues were thrown up that if they were not resolved, would distort the entire budget proposal. So we will all go back, each ministry will do its rejiging," the Federal Government spokesman noted.
