fbpx
FinanceNews

DG Budget Says Nigeria’s Budget For 2022 Is Low 

DG Budget Says Nigeria’s Budget For 2022 Is Low

The Director-General, Budget Office of the Federation, Ben Akabueze, has said that the 2022 budget presented to the Joint National Assembly by the President of Nigeria, Muhammadu Buhari is low.

According to PREMIUM TIMES, the Director-General, Budget Office of the Federation, Ben Akabueze, said this on Channel Television.

Read Other Top News:

Recall that recently, the President of Nigeria, Mr Buhari had presented a total budget of N16.39 trillion as the proposed budget for 2022. Jamb Results

PREMIUM TIMES reports that the figure is the highest in the country’s history and over N3 trillion more than this year’s budget and has been condemned by many Nigerians. Information Guide Nigeria

As reported by PREMIUM TIMES, Ben Akabueze stated;

“Well first of all, I think we need to understand that as large as the size of this budget might seem to Nigerians, and as you say it’s the largest so far, the truth of the matter is that our budget is still way lower than it should be. The problem of Nigeria isn’t that, I’m talking about the government now, we’re spending too much money, it’s that we’re actually spending too little.

“If we look at, I mean there’s a global measure for this, you know, which is called a public expenditure to GDP ratio. For Nigeria, the public expenditure to GDP ratio is still in the order of 12 per cent. The average for Africa is 22 per cent, some countries in Africa have about 30 per cent, I mean in the developed countries, the ratio is, you know, typically over 40 percent. And so, you know our budgets.

Check and Confirm: How much is Dollar to Naira Today         Pounds to Naira Today

.

.

👍Showcase your business here!

With over 1M unique users per month across all channels, we have a large audience for you to showcase your products and services. Simply get in touch via 👉 marketing@Infoguidenigeria.com.

 

🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

👉 Make Money as InfoGuideNigeria Advertising Agents, read more here

 

✍️ Be Our Guest Publisher!

Do you have a press release, breaking news,  or any other helpful information to share with our growing readers? If yes, send your article to 👉 infoguidepr@gmail.com.

We will be glad to publish it if the information is useful to our audience.

.

This post can be helpful to somebody else, please share it on Facebook, Whatsapp, Telegram and Twitter. There are buttons below for this (easy to use too)!


Copyright Warning!

Contents on this website may not be republished, reproduced, redistributed either in whole or in part without due permission or acknowledgment.
.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).
.
We publish all contents with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us at [infoguidenigeria@gmail.com] to file a complaint and we will take necessary actions immediately.

Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button