N8.8trn budget: Nigeria’s public spending lowest in Africa ― Akabueze - News Summed Up

N8.8trn budget: Nigeria’s public spending lowest in Africa ― Akabueze


DIRECTOR general, Budget Office of the Federation (BoF), Mr Ben Akabueze has disclosed that aggregate public expenditure in Nigeria is the lowest in Africa. President Muhammadu Buhari had in December 2018 presented a budget proposal of N8.83 trillion to a joint session of the National Assembly for 2019. Akabueze who agreed that there were still challenges despite the economy crawling out of recession said for the unemployed the economy has not improved. How do we get our budget process to be efficient such that whatever happens, the process will remain uninterrupted? This is not accusing the government of not doing the right thing but assisting it in instituting a system that will allow that to happen.”He explained that the second issue is that budget making is an expression of policy.


Source: Nigerian Tribune January 16, 2019 17:48 UTC



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