A new budgetary framework for Nigeria
Nigeria needs a new budgetary framework. To appreciate why a new budgetary framework is required, it is important to explain how the current budgetary framework works. Since oil earnings became the dominant source of government revenue, federal budgets have been prepared on the basis of prevailing or projected oil prices. ln other words, the federal…
1963 Republican Constitution, a veritable guide
This is a sequel of sorts to an earlier piece, ‘‘Restructuring: History 101,’’ published in this newspaper. We now can comfortably presume that the jury is finally in on the vexed topic: restructuring.