Tinubu to present appropriation bill to NASS tomorrow
Culture of debt financing, spurious revenue parameters benchmarking continue
Govt constrained by exhausted debt allowance
Growth projection inconsistent with Tinubu’s economic ambition
Nigeria should be spending 10 times to maximise its potential, says Adi
The Federal Executive Council (FEC), yesterday, approved a total expenditure of N27.5 trillion for next year, endorsing the continuation of spurious appropriation benchmarks and unambitious public spending.
Details of the appropriation may be laid before the National Assembly tomorrow. With the 2024 – 2026 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP), a three-year rolling plan, already passed by the parliament last week, getting the lawmakers to approve the estimates may be a walk in the park for the executive.
Should there be painstaking scrutiny, the…
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