Former Commissioner for Finance, Abia State, Dr. Phillips Nto, in this interview, speaks on the 2024 budget, which is still in the works in the National Assembly. A development economist,World Bank consultant and university don, Nto notes that the deficit of N9.18 trillion in the N27.5 trillion budget raises posers about the whereabouts of the money saved from the removal of fuel subsidy. He also addresses other burning national issues, aligning himself with those who believe that Nigeria cannot unlock its potential unless the country is restructured.
Some critics say the 2024 budget is a budget of theory and hopelessness. What can be done to make it a budget that will inspire hope?
Doing a little analysis on the N27.5 trillion budget, it could be seen that the recurrent expenditure is N9.92 trillion while the capital expenditure is N8.7 trillion while debt servicing is N8.25 trillion….
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