A public Finance analyst, Professor Akintola Bello on Thursday said one of the challenges facing budget implementation in Nigeria is the inclusion of too many items on the budget list by government agencies.
Speaking as a guest on Channels Television’s programme, Sunrise Daily, Mr Bello said: “I don’t think that our people do budget very well. If you give anything (project) to an agency and ask them to cost it, they will come up with a cost and the costing is so bogus. There is no rationale to the cost; they just put an idea there.”
The financial analyst said the government lacked the capacity to do costing insisting that outlook of the previous budget should determine the subsequent one.