Senate to review Nigeria’s budgeting practices, planning process
The Senate on Thursday mandated its Committees on Appropriations, National Planning and Finance to conduct a thorough review of Nigeria’s budgeting practices as well as National Planning process with a view to creating a more synergised and collaborative system that is both effective and efficient.
In her lead debate, Senator Oduah explained that Nigeria has in the last 20 years developed several National Development Plans with a focus on improving the socio-economic status of the nation. “Concerned that despite an incremental growth in nation’s nominal GDP and gross national income over the years, the average Nigerian has experienced little or no change to their socio-economic status.Senator Jibrin Barau lamented that there have always been bright ideas, but lacked implementation by the government of the day.
Solomon Adeola Olamilekan in his contribution identified the lack of resources as bane of budget implementation in the interest of the nation.
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