Monday, September 12, 2011

Okonjo-Iweala raises alarm over 2011 budget

Nigerian Tribune
12 September 2011

•Says no record of implementation so far
•It’s a problematic budget -Finance Minister

NINE months into  the fiscal year, the Minister of Finance, Dr Ngozi Okonjo-Iweala, has stated that there is no record of implementation as far as the 2011 budget is concerned.

Okonjo-Iweala, addressing a press conference at the Federal Ministry of Finance conference room in Abuja on Sunday, stated that the N4.6 trillion budget was a problematic one.

According to her, the 2011 budget, before being finally signed into law, had to move from the National Assembly to the presidency a couple of times.

As of now, the  minister explained that no one could really ascertain the level of implementation of the budget, because there was no record on it.

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