Business Hilights
Tracking Nigeria's Headline Business News Online

Key points stressed by Senate President during 2018 budget presentation by Buhari

• Reset fundamental to avoid plunging economy back to recession.
• Review laws guiding government enterprises (Govt spend more than income)
• NASS to sanction for agencies whose budgets are not contained in 2018 budget
• Borrow for projected targets that will grow economy only
• No overpriced borrowing and projects
• Budget along with finance bills of projects
• 2018 must be job oriented budget
• Support for made in Nigeria goods to control FG procurements
• Remove bureaucracy to speed up procurement
• Complement reforms in ease of doing business with targeted spending
• Economic reform bills needed
• Equity, balanced development nationwide
• Well distributed infrastructural development nationwide
• Rising rural-urban migration must be stopped
• Don’t dampen implementation of 2017 budget because of 2018 budget
• Good working relations between NASS and Executives will fasten passage of 2018 budget
• Lobby and close ranks with lawmakers to succeed