The Nigeria Economy. A failed economy. Preye Aganaba The group expressed concern over the growing cost of governance and government’s reluctance to cut down the cost of running government, as evidenced by the 70 per cent recurrent expenditure. It said that no nation develops economically with such style of budgeting. CISLAC expressed dissatisfaction with the amount earmarked for education, saying it is yet to conform to UNESCO recommendation of 26 per cent of total budget. It, therefore, called on the National Assembly to ensure proper scrutiny of the budget before passing it. “The issue of security cannot be separated from development because where there is insecurity, development is comatose. It is thus surprising that the 2014 budget caters more for the servicing of militants than for our security outfits. The major abuse of power and lack of motivation by military and paramilitary personnel is mostly fueled by the poor welfare and social security provided. It is, therefore, an injustice that a total sum of N59 billion is allocated to cover the stipends and allowances to 30,000 Niger Delta ex-militants and reintegration of transformed ex-militants under the Amnesty Programme, while the total capital budget allocated to the Nigerian Army, Ministry of Defence Headquarters, Army, Navy, Air force and the total budget for all police formations and commands is N45 billion. “This injustice carries a message that encourages militancy rather than promote selfless service to the Nation,” the group stated. SOURCE : GUARDIAN
Posted on: Sun, 26 Jan 2014 11:17:14 +0000
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