Saraki Picks Hole in Budget Implementation

Date: 2014-10-08

Chairman of Senate Committee on Environment and Ecology, Senator Bukola Saraki, has challenged the National Assembly to be thorough in dealing with the budget.

He cautioned against haphazard working on the budget, saying doing so will not augur well for implementation.

Saraki, speaking in Ilorin, advised the country to get its revenue projections right before talking about expenditure, saying that poor revenue projections often distort the budget process.

"As National Assembly, we need to review the way we go about budget implementation. For example, the key issue is revenue because without revenue, there cannot be expenditure."

He noted that most ministries, departments and parastatals awarded contracts in the 2014 budget, wondering how the budget would be effectively implemented.

Saraki, a former Governor of Kwara State added: "The last time we passed the 2014 budget, I said I was not happy with the way the budget was passed because I believe that we did not deliberate enough on actual expenditure.

"Remember in 2013 where we had done budget estimate that we would be producing 2.5m barrels and at the end of the day, we were only producing 2m, which distorted the budget.

"And if you look at the 2014 budget, in most of the ministries, contracts are just being awarded. So if you are just awarding contract in October, is it possible for you to have implementation? The answer is No. These are some of the challenges.

"If you open newspapers at the end of every month, you see about six pages dedicated to all the allocations given to every local government but do we have publication of revenue, do we have how much the country is making on the volume of oil production? We don't."

He said for a budget to be well implemented, the revenue projections must be accurate, adding: "The budget for 2015 is going to come now and when it comes to the National Assembly, my own opinion is that we should spend time and debate what happened in 2014 before we really go into the issue and really be sure that those projections are right and sustainable. Until we do that, the implementation would not be right."

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Chikanda     Wahab Abayawo     Agboola Abdulraheem     Ambassador Kayode Laro     Oluronke Adeyemi     ASUU     Apaola     Lawal Jimoh     Hakeem Lawal     Umar Yakubu Jaja     Joana Nnazua Kolo     Arinola Lawal     Kunle Suleiman     NURTW     Hamza Usman     Sa\'adu Salahu     GRA     CKNG     Abdullahi Biffo     Special Agro-industrial Processing Zone     Salami Adekunle     Hijaab     Lasiele Alabi Yahaya     Abdullahi Dasilva Yussuf     Innocent Okoye     Bluenile Associates     Amusement Park     Abdul Jimoh Mohammed     Oba-Solagberu     Yusuf Ibitokun Sherifat     Ahmed     Oyelere Oyinloye     Kwarareports     Saliu Ajibola Ajia     Abubakar Usman Jos     Public Holiday     Olaosebikan     KWIRS     Okiki     Hakeem Idris     Saka Balikis Kehinde     Ibraheem Adeola Katibi     Olatunde Olukoya     Yahaya Abdulkareem Babaita     Wahab Issa     Sadiq Buhari     Fatimoh Lawal     Ishola Balogun Fulani     Quran     Ishaq Abdulkarim     Abdulkarim Adisa     Bayer Nigeria Limited     ITEM 7     The Herald     John Kehinde Salako     Forgo Battery     Idowu Laro     Bola Ahmed Tinubu     AbdulHamid Adi     Ilota     Hamidu Olowo     Umar Ahmed Gunu     Erin-ile     Abdulganiyu Oladosu     Amos Sayo     Yusuf A. Usman     Simon Sayomi     Principal Private Secretary     Babaloja-General     Bashirat Bola Bello     M.Y. Abdulrahaman     Ajia-Bako     Iliasu     Chief Imam Of Omu-Aran     Zainab Abass     Emir Of Shonga     Kisra    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Elekoyangan     Abubakar Usman Jos     Nagode     Pakata Patriots     Yashikira     JSSCE     Emmanuel Olatunji Adesoye     HAMFAT Clinic And Maternity     Samuel Olusegun Adedayo     George Innih     Eghe Igbinehin     Moses Salami     Abdulmutalib Shittu     Abubakar B.M     Ilorin General Hospital     Yaman     Mahmud Ayinla Giwa     Just Event Online     Osinbajo     Mumini Ishola Hanafi     T And K FOODS     Aliyu Adebayo     Olayinka Oladapo Jogunola     Saba Mamman Daniel     Bamikole Omishore     Nigeria Governors\' Forum     Kayode Yusuf     Aliyu Kora-Sabi     Kamaldeen Gambari     United Nigeria Congress Party     Salihu Ajibola Ajia     Taiwo Joseph     Minister     Razaq Ayobami Akanbi     Abdulrahman Abdulrasaq     Egbejila     Solomon Edojah     Abdullateef Abdussalam     Ibrahim Abdullahi     Afusat Nike Ibrahim     Abdulkadir Remi Hawawu     Muhammad Akande Olarewaju Odunade     Yaru     AbdulRazaq Abubakar Jiddah     Ndama Al-hassan     Muideen Olaniyi Alalade     Suraj Tunji Oyewale     Sheikh Ariyibi     Chikanda     Abdulmumini Jawondo     Omoniyi M. Ayinla     Isiaka Abdulrazak     Rafiu Ajakaye     Federal Road Maintenance Agency     Yahaya Oloriegbe     Ali Ahmad     Government High School Adeta     Simeon Sule Ajibola     Towoju     Abdullahi G. Mohammad     Isaac Gbenle     Taofeek Sanusi     Abdulrosheed Okiki     Ayodele Olaosebikan     Bilikisu Oniyangi     Oba Sulaiman Asude     Adanla-Irese     Wahab Issa     Baba Issa Awoye     National Union Of Road Transport Workers     Al-Hikmah Radio     Suleiman Rotimi Iliasu     Aishatu Ahmed Gobir     Olatunde Michaels     Kwara State Internal Revenue Service     Quran     Unilorin