Economist, others hail 2021 budget proposal as budget of hope

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Economist, others hail 2021 budget proposal as budget of hope

Some section of the public in Bauchi state have described the N13.08tn annual national budget presented by President Muhammadu Buhari to a joint session of the National Assembly, as a budget of hope and rising expectations.

A renowned scholar and economist, Dr Abdulmaji Jamal encapsulated this optimism in an interview with the News Agency of Nigeria (NAN) in Bauchi on Thursday and described the estimate as realistic.

He explained that the benchmark of N379 to a dollar as envisaged by the estimate was reasonable, considering the nation’s dwindling oil revenue which may appreciate or indicate otherwise.

He said the 11.9 per cent inflation target of the expected annual expenditure was also reasonable.

“But we must expect a significant reduction in the prices of consumables especially foodstuff,” he said.

In the same vein, Malam Dauda Mohammed, a civil servant expressed optimism that the price of oil in the international market would appreciate and the budget target could be…



Source: Vanguard Newspaper