Three financial Analysts, Odilim Enwegbara, Eghes Eyienyen and Martin Udogie on Saturday examined some of the challenges and controversies surrounding the 2013 budget that was recently signed into law by President Goodluck Jonathan.
While speaking as guests on Channels Television’s weekend programme, Sunrise, the analyst examined the effect of the National Assembly stance of ‘no budget’ for the Security and Exchange Commission (SEC), the oil benchmark controversy between the lawmakers and the presidency, constituency projects and the issue of economic growth.
Recall that President Jonathan on Tuesday assented to the 2013 Appropriation Bill, ending the long-drawn disagreement between the executive and the legislature over the bill.
The president signed the N4.987 trillion budget passed by the National Assembly into law at a quiet ceremony witnessed by a few government officials.
The budget was transmitted to the presidency on January 15 and since then, the executive and the legislature had been holding meetings to resolve some grey areas identified in the document.
Among the areas of disagreement between the executive and the legislature are the inclusion of constituency projects in the budget and the provision of zero budget for SEC.
In the video below Messrs Enwegbara, Eyienyen and Udogie discuss these issues and what the 2013 means for the Nigerian economy.