Bringing Quality To the Budgeting Process, By Oluwadele Bolutife - Premium Times Opinion

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Opinion: Bringing Quality To the Budgeting Process, By Oluwadele Bolutife

To achieve overall quality in the process, we advocate that the post-budgeting reviews should be accorded its priority of place. That is otherwise called budgetary control. Such preference will mean that a thorough evaluation is done on them, and its observations would then form the fulcrum of the subsequent process.

The issue of budgeting has been a significant concern, especially for those outside the government, but only a few have dared to differ substantially with the government. Also, in the ’90s, a group of professionals started advocating for a “value-for-money” audit as a possible means of curbing the excess leakages that budgeting had inadvertently aided.

Talking about the budget passage, I recently overheard some ‘hailers’ saying that we have now returned our budgeting system to normalcy. What normalcy, I dare to ask? Passing budgets in December is not an achievement at all! The very intent and purpose of budgeting stipulate that it should be done well in advance of its take-off. For a budget expected to begin implementation in January, the approval should be no less than three months before the take-off date.

When due process was established some years back, I was of the group that was skeptical about it. In a hot professional debate with some of my colleagues, some of us took the position that this would only expand the network of looters. We have been proved right. Recall, the defence of the then erstwhile governor of Lagos State on the seemingly ‘outrageous’ amount spent on the Lagos State website. He claimed everything went through due process.

The National Assembly’s passing of the budget has merely improved, but it has a long way to go. I do know that we cannot squarely blame them for this. If the budget is ready by the latest in October, it must be transmitted to them much earlier. With the budget passed in October, all other processes should have been completed by the first week in December, thus enabling effective responses to its provisions.

 

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Not the abracadabra budgeting of Buhari's government and it sycophantic rubber stamp 9th Assembly. It's a disgrace they didn't even have the courage of letting the press witness the budget defence. Shame on those bastards.

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