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| Photo Credit: Nairaland.com |
Nigerians shouldn't laugh so hard at the newly signed National budget.We all know how large it looks, and obviously is. But at the same time we have foreknowledge gathered from past experience that not up to 70% of we Nigerians will get to see that sum of money well spent, talk more of having to get a share of our rightful national cake after all our hard labour. So far so good, N4.69 trillion has been pumped into the Federal government's coffers; with Education and Defence clinging to the major allocations at N424.3 billion and N349.7 billion respectively. Not so surprising though, but this current budget is N308 billion shorter compared to last year's N4.987 trillion. One must wonder why it has been planned this way when this year has come to seem very much prone to crisis in every sector of the economy; especially in the sectors where the budget seems to have received more allocations.
Furthermore, the problem with the Nigerian government which was recently ranked the worst government in the world may not only lie in spending, but in maintenance and equal distribution. The Nigerian economy is still likely to fall into its usual shambles at the end of the fiscal year despite this massive budget since that of last year only caused further turmoil, and encouraged one of the worst strings of corruption and massive embezzlement Africa has ever known. We have no other option than to keep our hopes high as regards the turnout at the end of the spending spree, and it's either we have a basket full of goodies or one with a hole underneath.
By: Leonard Eze
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