2017 APPROPRIATION BILL: THE BUDGET OF ECONOMIC GROWTH AND RECOVERY?
2017 APPROPRIATION BILL: THE BUDGET OF ECONOMIC GROWTH AND RECOVERY? On Tuesday, Television Continental (TVC) reported that the Nigerian Senate would start the review of the 2017 Appropriation Bill which has been tagged; ‘ The Budget of Economic Growth and Recovery’ by the executive. However, an extensive analysis of the budget figures and allocations would only reveal one thing – the government is not serious about reversing the current recession that has stalled economic growth and development. The projected budget which was prepared by the Ministry of Budget and National Planning headed by the Minister Udoma Udo Udoma would be the highest budget in the history of our dear country in terms of projected expenditure at NGN7.3 Trillion which is a 20.4% increase in the 2016 budget -The Budget of Change at NGN6.1 Trillion. In consequence, this article would examine the critical allocations and projections of the 2017 appropriation bill and discuss in layman terms how these f...