Nigeria In One Minute

Economy Suffers as Politics Takes Centre Stage

Few days into the last quarter of the year, the federal government is yet to begin the implementation of the 2018 capital budget, a development that is already impacting the economy adversely.

The N9.12 trillion aggregate budgets, which was passed by the National Assembly on May 26, and signed into law on June 20, 2018 by President Muhammadu Buhari, have a capital component of N2.8 trillion.

Over three months after presidential assent and about three months to the end of the year, the implementation of the capital budget has remained in abeyance.

THISDAY investigations revealed that failure to implement the capital vote might have nothing to do with paucity of funds.

THISDAY, September 25, 2018

 

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