The report, published by Centre for Democracy and Development (CDD), examined the economic policies of the Buhari-led administration since it
As President Muhammadu Buhari marks five years in office, an economic report has urged him to focus more on human capital reform, diversification of the economy, and opening the government., examined the economic policies of the Buhari-led administration since it flagged off in 2015.
“This will not only improve accountability and transparency,” the report launched in May wrote, “but will also ensure that citizens participate in the process, and as such bring about more efficient and equitable outcomes.” This aside, the report noted that there is a need to address “regulatory and structural issues such as bureaucratic bottlenecks, corruption, and lack of enforcement of laws/contract.”
The resultant effect of this was the fiscal struggle by states. About 27 state governments could not cover their personnel expenses as their lower Internally Generated Revenue could not compensate for the declining FAAC allocations, CDD wrote in its report.
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