Senate links budget failures to increased economic woes | The Guardian Nigeria News - Nigeria and World News

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Senators say the poor implementation of Nigeria’s 2018 budget is responsible for the increased economic woes in the country. Nigeria

The Senate has said that poor implementation of the 2018 budget negatively affected the economy.The upper legislative chamber pointed out that the economic revival strategies of the Federal Government in wealth creation, poverty reduction and reduction of unemployment rate were the major victims of budget failures.

Adokwe said: “Before the budget defence exercise, we have done a bit of oversight functions and we noticed that releases for capital projects were quite low. Most of the agencies that we visited received between 10 and 15 per cent releases.“Releases to some agencies are hovering between 40 and 45 per cent. So, the 2018 budget implementation, in our opinion, is not very encouraging and capital releases are what really ginger the economy.

 

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Bunch of criminals

Stupid people

Why wouldn't the budget fail when you the assembly members were hell bent to make it fail.

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