Budget implementation; Key to economic recovery
It’s often said that Nigeria produces the best annual budget in the whole of sub-Saharan Africa. This assertion cannot be doubted given an intimidating array of top class financial experts in the Central Bank of Nigeria (CBN) and ministries in charge of Finance, Planning, and Budget and renowned analysts the country has produced. However, over the years, poor budget implementation by the executive arm of government at the local, state, and federal levels has sabotaged key public infrastructures such as transport, power, and communication among others. This sad development has unfortunately led to a steady increase in the cost of doing business in the country. Little wonder some school of thought believe that Nigeria has painfully missed several opportunities of being a preferred country of destination for international investors. A very close observation of the state of the nation could lead to the bitter conclusion that the political class has not been able to appreciate the relati