Shrouded in mystery: the Nigerian budget and the challenge of implementationPosted: 18 October, 2021 Filed under: Abasiodiong Ubong Udoakpan | Tags: Budget Implementation, challenges of poverty, civil society participation, critical infrastructure, democratisation, economic growth, economic policy, economic prosperity, employment opportunities, entrepreneurship development, legislation, Ministry of Industry, Nigeria Bureau of Statistics, Nigerian budget, Nigerian economy, Trade and Investment 2 Comments
Author: Abasiodiong Ubong Udoakpan
LLM Candidate, Olabisi Onabanjo University, Nigeria
The Budget as one important economic policy instrument at the disposal of the Government is key to the attainment of the economic prosperity of the people. However, the gap between its initiation and full implementation to attain economic prosperity has been of serious concern to researchers and Nigerians alike. It is one thing to propose a budget and another to implement the proposed budget to the extent that it attains the goals of economic growth and development. In recent times, the focus on the budget has assumed greater prominence because of increasing democratisation, civil society participation and the desire to respond to developmental challenges of poverty.