Maroc - AGRIFOCUSAFRICA.COM - A La Une - 03/Jan 08:32

How to grow Nigeria’s budget pie

Sir: President Bola Ahmed Tinubu recently presented a budget of N49.7 trillion (approximately $28 billion) to the National Assembly. This figure underscores a stark paradox: A country both “rich” and “poor”—abundant in crude oil and natural resources, yet struggling to translate this wealth into meaningful development. With an estimated population of 234.9 million— the sixth most populous country in the world—a $28 billion budget is insufficient to address critical needs like food security, healthcare, education, and infrastructure. Notably, N4.91 trillion is allocated to defence and security, while N4.06 trillion, N2.48 trillion, and N3.52 trillion are earmarked for infrastructure, healthcare, and […]