Budget 2012 proposal: Economic transformation on the wings?
Reactions have continued to trail the 2012 budget proposal presented at a joint session of the National Assembly by President Goodluck Jonathan recently. In the face of economic uncertainty, having a budget that would boost economic growth and development is pertinent, writes ALEXANDER CHIEJINA During the military regimes and up until 1999, when the country transited to democratic rule and beyond, Nigerians have been greeted by impressive budget speeches, eloquently delivered in past Head of states and President. Unfortunately, the implementation has not matched the words, as economic policies often lack continuity and projects are needlessly discarded or abandoned. Remarks like “We have what it takes to be a great nation or a world power. But we have never challenged ourselves sufficiently over the years to attain this desired goal. It is our hope and sincere belief that this budget will challenge us; and to take the challenge, we must tighten our belts. To do so, we must ens...