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THE BUDGET AND THE ECONOMY

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The controversy surrounding the budget and the massive corruption discovered in it is something of a major concern, especially now with the present economic situation experiencing in the country following the fall in oil prices. Many have called for total withdrawal of the budget and for every ministry to go back and work on its departmental budget before compiling the whole budget, as many ministers have come to disown the whole or part of the budget concerning their ministries.

Recent cases have shown many minister are not aware of what is contained in the budget of their ministry, as was that of the minister of health, who in a Senate hearing disown the budget as it contains a lot of discrepancies and also the Minister Of information and culture, Lai Mahammed has also deny knowledge of almost N300 million budgeted for acquiring computers, as he said he does not know where that is coming from and believe the amount is too much for such a project.

The problem with the budget is that …