N350 billion has been newly injected into the Nigerian economy for capital expenditure – making N700 billion injection this year. Please recall that 2016 budget for capital expenditure is N1.8 trillion. N60 billion has been injected also for the Social Welfare Programme (SWP) of the N500 billion indicated in the budget. This is already Q4 and only 12 per cent of the budget has being released.
60bn, 350bn, 700bn hmmmmm. Yet unemployment is steady. Even FG staff salaries are not regular. USD is still slapping the NGN, Companies are even downsizing, sorry rightsizing. Customs is still making more money from imports than non-oil exports. States are still stuck!
Whenever you have the opportunity to pick between party loyalty and professionalism for economic development positions, please pick professionalism. There are world class Nigerian technocrats who are apolitical. There are also party loyalists that are professionals in their fields of endeavor but placing party loyalty with moderate experience to decide on the complex Nigerian economy can be colossal. We are all tired of injections without impact. At least injections should pinch!
Investors steer clear of governments that have unstable economic policy. Constantly changing economic policies can also trigger very catastrophic consequences for the ordinary man and the genuine investor whose biggest concern is profit and loss. He will rather not deal at all than deal to make loss.
Even nurses prefer to inject a stable human body for maximum impact.
60bn, 350bn, 700bn hmmmmm. Yet unemployment is steady. Even FG staff salaries are not regular. USD is still slapping the NGN, Companies are even downsizing, sorry rightsizing. Customs is still making more money from imports than non-oil exports. States are still stuck!
Whenever you have the opportunity to pick between party loyalty and professionalism for economic development positions, please pick professionalism. There are world class Nigerian technocrats who are apolitical. There are also party loyalists that are professionals in their fields of endeavor but placing party loyalty with moderate experience to decide on the complex Nigerian economy can be colossal. We are all tired of injections without impact. At least injections should pinch!
Investors steer clear of governments that have unstable economic policy. Constantly changing economic policies can also trigger very catastrophic consequences for the ordinary man and the genuine investor whose biggest concern is profit and loss. He will rather not deal at all than deal to make loss.
Even nurses prefer to inject a stable human body for maximum impact.
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