Budget: Economist proposes 5-year budget plan for effective implementation

Channels Television  
Updated August 3, 2012

Austin Nweze, an Economist in Budget and Financial Planning and lecturer at the Pan-African University, Lagos has proposed a 5-year budget plan as a strategy that would allow the effective implementation of projects that require long-term execution.

He said the implementation of annual budget plan is not feasible in a developing economy like Nigeria.

Mr Nweze who appeared on Channels Television’s  breakfast show, Sunrise Daily, also suggested the National Assembly should set up a committee with the oversight function of constant monitoring of government offices and parastatals involved in the execution of capital projects.