2019 budget: Economist advises FG to accelerate implementation of infrastructure
2019 budget: Economist advises FG to accelerate implementation of infrastructure An Economist, Dr Aminu Usman has advised the Federal Government to accelerate implementation of infrastructural projects captured in the 2019 budget to boost economic development in the country. Usman, the Head of Economics Department, Kaduna State University gave the advice during an interview in Abuja. […]
2019 budget: Economist advises FG to accelerate implementation of infrastructure
An Economist, Dr Aminu Usman has advised the Federal Government to accelerate implementation of infrastructural projects captured in the 2019 budget to boost economic development in the country.
Usman, the Head of Economics Department, Kaduna State University gave the advice during an interview in Abuja.
He said that government should expedite the implementation of its key infrastructural projects that had direct bearing on cost of production and production efficiency within the private sector.
In addition, Usman said government should also ensure adequate supply of food by releasing from its stock pile of agricultural products spread across various storage silos.
“This will in a way make food items available and at a relatively lower price.
“It will curtail the ability of middlemen to jack-up prices due to short in supply and the expected additional income that could go to food purchases,’’ he said.
The Senate passed the 2019 Appropriation Bill of N8.92 trillion on April 30.
The budget was increased by the legislature by N90 billion from the N8.83 trillion presented by President Muhammadu Buhari on Dec. 18, 2018.
The Statutory Transfer stood at N502 billion, Fiscal Deficit-N1.9 trillion, Special Intervention N500 billion, Recurrent Expenditure N4 trillion, Capital Expenditure-N2 trillion and Deficit to Gross Domestic Product (GDP) of 1.37 per cent.
Source: NAN
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