Seun Onigbinde, co-founder of BudgIT, has expressed concern over discrepancies in the Federal Government’s budgets. Speaking on Channels Television’s Politics Today, Onigbinde highlighted the fiscal challenges present in the annual budgets, citing inconsistencies in the presentation of budgets for each fiscal year.
According to Onigbinde, the current administration has not maintained a regular calendar for presenting budgets, which can impact the country’s financial planning and management. This irregularity may lead to difficulties in allocating resources effectively and hinder the government’s ability to address pressing economic issues.
Onigbinde’s comments come as the country continues to grapple with economic challenges, including revenue shortfalls and rising debt levels. The government’s budget is a critical tool for addressing these issues, and any discrepancies or irregularities in its presentation can have significant consequences.
In recent years, Nigeria has faced challenges in implementing its budgets, with issues such as delayed approvals and lack of transparency contributing to these difficulties. The country’s fiscal management has been the subject of scrutiny, with experts calling for greater accountability and efficiency in the allocation of resources.
As the government continues to work on addressing the country’s economic challenges, the need for a consistent and transparent budgeting process has become increasingly important. Onigbinde’s comments highlight the importance of maintaining a regular calendar for budget presentation and addressing the fiscal challenges present in the annual budgets.
The issue of budget management is a critical one, and the government’s ability to present and implement a coherent and effective budget will be closely watched in the coming months. With the country facing significant economic challenges, the need for a well-planned and well-executed budget has never been more pressing.