By Folashade Folarin
For many years, the nation’s budget cycle has been inconsistent without a definite pattern, giving rise to speculations and poor execution.
A government budget is an annual financial statement presenting revenues and spending for a financial year that is often passed by the legislature and approved by the president of the nation.
The News Agency of Nigeria (NAN), reports that from 2011 to 2018, the time of approvals of the budgets had stretched into the New Year.
The earliest was that of 2013 which was submitted to the National Assembly on Oct. 10, 2012 and assented to by former President Goodluck Jonathan on Feb. 26, 2013, indicating a five month time lag.
All others were presented to the National Assembly in December and assented to in April, May or June.
That of 2018 was presented in November and assented to in June and is expected to run till June, 2019.
The N8.83 trillion 2019 “Budget of…
Source: News Agency of Nigeria
