THESE are not the best of times for real sector operators, particularly manufacturers. For a sector struggling to bounce back after a debilitating recession forced it on its knees, the delay in the passage of the N8.6 trillion 2018 Appropriation Bill by the National Assembly (NASS) may have added to its litany of woes.
Not a few operators who spoke with The Nation lamented that the delay in the passage of the budget has naturally slowed down economic activities. To them, critical business decisions have been put on hold. Some of them believed key capital/infrastructure projects would be delayed or abandoned.
The Director-General, Lagos Chamber of Commerce and Industry (LCCI), Mr. Muda Yusuf, said the delay in the budgetary process would entrench the vicious cycle of poor budget implementation.
On the likely effect of the budget delay on its implementation, especially its capital component, Yusuf said: “The risk is that recurrent spending will be fully implemented while capital projects suffer the usual implementation deficiency.”
The Nation, May 7, 2018
RipplesNigeria… without borders, without fears
Join the conversation
INVESTIGATION… Ten years after, communities count losses as AfDB, Cross River govt abandon road project
Ten years after the Cross River State government and African Development Bank (AFDB) jointly awarded the Yahe-Wanokom-Wanikade-Benue border road for...
INVESTIGATION….N.3bn down the drain: Why water projects for Enugu communities don’t work
In this concluding part, ARINZE CHIJIOKE talks about some of the projects that are serving the people and how various WASH programmes have failed to tackle...
INVESTIGATION…PARKVIEW ESTATE: Exclusive images of how billionaire property developer incurred Lagos govt‘s anger
Many have seen the demolished building, but not many know the circumstances that led to the teardown of the about...
INVESTIGATION… N.3bn down the drain, as Enugu communities suffer from dry taps
In November 2020, three organizations and the Enugu State government celebrated the completion of N300 million worth of projects that were expected...
INVESTIGATION… How herdsmen crisis compounds woes of already deprived Ogun communities
Earlier in January, the Nigerian media space was awash with reports of violence between herders and farmers across the country....