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2017 budget may not take Nigeria out of recession, ays JK Randle

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President Muhammadu Buhari (C) presenting copies of the 2017 budget documents to the National Assembly on Wednesday, December 14, 2016.

President Muhammadu Buhari (C) presenting copies of the 2017 budget documents to the National Assembly on Wednesday, December 14, 2016.

Former President of the Institute of Chartered Accountants of Nigeria (ICAN), Bashorun JK Randle, has said unless there is drastic improvement in government’s capacity to deliver on its promises and put an end to project formulation delays, there is no hope that the 2017 budget will galvanise the economy out of recession.

The former ICAN boss, who marked the 60th commemoration of his father’s demise, said there is need for co-operation and understanding between President Muhammadu Buhari, the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, the Minister of Finance, Mrs. Kemi Adeosun and other stakeholders on the economy.

He cautioned that Buhari’s “Budget of Recovery and Growth” should avoid delays, considering it could drag on for many months before it is signed into law. Randle, therefore, called for a better understanding between the executive and the legislature to ensure quick passage of the 2017 budget.

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