- Power, transport top Buhari’s N7.3 trillion budget
- Security agents lock out workers, journalists, lawmakers
- Govt to borrow N2.32tr, unveils plans for job creation
The Federal Government will spend huge part of next year’s national revenue to service debts, pay salaries and run the everyday business of governance. This was contained in President Muhammadu Buhari’s budget speech presented to the Senate yesterday.
Spending so much of the appropriated N7.289 trillion on lifestyles — salaries and debt servicing — will threaten the country’s plan to spend its way out of recession amid dwindling revenue in the coming year. Low investment in infrastructure and agriculture as a result of leaner appropriation for Health, Agriculture and Defence will undermine government’s efforts at job creation and fight against insurgency and graft.
Source Guidian
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