Finally, the 2017 budget has been signed by Acting President Yemi Osinbajo, after weeks of needless dilly-dally. It is good news, you may say. However, it must not be lost on the actors that a major responsibility placed on the 2017 budget is that it would take the nation’s economy out of recession and rejuvenate the system for a prosperous future.
Although the fact that the federal government is considering bringing back some of the capital projects earlier yanked off the budget during the appropriation process is equally a good development, government must operate, conscious of the need to exit recession next quarter.
As a result, government must take cognizance of the fact that time is of the essence as far as implementation is concerned. Already, preparations are on to ensure that 2018 budget is ready by October for presentation to the National Assembly. It is imperative, therefore, that the implementation of the 2017 budget takes off immediately and expeditiously.