A senior lecturer in university of Nigeria Nsukka has blamed the national assembly NASS for late signing of 2018 budget into law.
Prof Cletus Agu of the department of Economics, University of Nigeria Nsukka said that late passage of the 2018 appropriation bill by the national assembly was responsible for the signing of it into law in June by President Muhammadu Buhari.
Agu, former head department of Economics told journalists in Nsukka while reacting to the budget signing into law, adding that the legislatures should be blamed for the delay in signing the appropriation bill into law.
He said it was unfortunate that the budget was presented to joint session of the national assembly on November 2017 by the president, pointing out that NASS delayed it for too long as it was passed in May 2018.
“The budget stayed up to six months in national assembly before it was passed which is not a good development,” he said.
The professor of economics said late passage of the budget affected it’s implementation as the executive would find it difficult to implement all that is contained in the budget before the end of the year.
” A budget without its full implementing affects economy and development of the country together with warfare of citizens
“When budget is fully implemented, various sectors of the economy will be streamlined and citizens will feel the positive impact of the budget.
“Now the budget is signed into law in June by the president because of its late passage by the national assembly, I wonder how many per cent of the budget will be implemented by December, ” he said.
The Don urged the executive and legislative of government to find a way of returning the budget of the fiscal year to run from January to December as it helps for better implementation and accountability
“The executive should try to present the budget to national assembly latest by October every year while the legislature in their own part do the needful to pass it latest by second week of December.
” There should be law that the country budget should be signed by the president on December 31st every year.
“Allowing the country budget to run from January to December would increase the the level of implementation to reach at least 90 per cent and boost the economy as well as improve infrastructure development in the country” he said.