Kudos, knocks trail 2018 budget

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By Peter Egwuatu, Victor Ahiuma-Young, Sebastine Obasi, Godwin Oritse, Franklin Alli & Rosemary Onuoha

LAGOS—Reactions from the various segments of Nigerian economy operators have indicated some level of optimism that the country’s economy would be improved with a full implementation of the 2018 budget.

But some sections of the experts expressed concern that not only has implementation been the bane of all good budgets, the 2018 budget still has some weak points.

Buhari

They were reacting to the provisions of the 2018 Appropriation Bill, tagged ‘Budget of Consolidation’ presented to the National Assembly by President Muhammadu Buhari two days ago.

While positive consensus centred on the allocations to capital expenditure, CAPEX, most uncomplimentary remarks centred on lack of faith in government’s poor implementation record over the years, lamenting that 2018 budget…



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