on of the 2019 budget was poor.
“It has become an annual ritual and we will still do it again. The President, by tradition, would lay the budget and whatever comes out of it is nobody’s business. He said the budget estimates before the parliament did not reflect any deliberate plan to diversify the economy. He said, “People are looking at allocation to key sectors and the revenue to fund the projects. However, when you talk of the N262bn being allocated to works, I have it on good authority that what is even required to take care of the outstanding there in 2019 is in the excess of N500bn.”
“I would like us to reflect on 2019 budget where only a paltry sum of N294.6bn has been released for capital project as of September 2019, most worrisome is the fact that as of June 2019, budget expenditure was already in deficit of N1.35tn. This deficit is what is becoming a problem to implementing the capital budget.
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