2018 Budget Delay ‘Unfortunate’ – NLC

The President of the Nigerian Labour Congress, Ayuba Wabba PHOTO: NALC

The Nigeria Labour Congress (NLC) has described as unfortunate the continued delay in the passage of the 2018 budget by the National Assembly.

The union’s position was stated by the NLC general secretary, Peter Ozo-Eson, on Thursday.

He said, “this is a budget for 2018 which ought to have started on Jan. 1, 2018. We are in April, already into the second quarter and the budget is still not passed so, we cannot even say definitely when it will be passed.

“The budget is supposed to among other things show the direction of the economic policies for the year, which will then influence the economic planning by economic agents, both in the private and the public sector.

“Because in the economy, people response to the economy of the budget, so if by the beginning of the second quarter, we still have not had the budget passed, it means that they are having economic function without direction.

“This does not help the economic performance of the country and I think it is rather sad.”

“Whatsoever, whosoever that are responsible for the delay, I think they have to be called to order in the interest of the country and the budget needs to be passed,” Ozo-Eson said.

He opined that the delay would adversely affect how much of the budget would be implemented and how successful it would be.

“Because by the time the budget is now passed either in May or June or whenever, the implementation will then roll over to the next year and this does not allow for smooth execution.

“Therefore, poor budget performance is the outcome of this type of situation,” he added.

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