Execution of Four National Budgets Concurrently, Recipe for Chaos -Obi
By Joy Okosieme
Mr. Peter Obi, presidential candidate of the Labour Party (LP)in the 2023 election, has faulted the implementation of four national budgets running concurrently.
Obi writing on his X handle said the practice is a recipe for chaos and frivolity adding that it is a flagrant disregard for fiscal responsibility, transparency and accountability.
“All available evidence has confirmed that the Nigerian government is implementing four national budgets concurrently. This is in blatant disregard for fiscal responsibility, transparency, and accountability.
It is also a recipe for chaos, confusion, and catastrophe.
“This intentional action will lead to frivolous items in the approved budgets competing with essential projects for limited resources, further exacerbating the suffering of the Nigerian people”, Obi said.
The former Anambra State Governor added that operating four budgets concurrently indicates that leaders are out of touch with reality and lack the competence to manage the nation’s finances effectively.
“Unfortunately, this deliberate act of fiscal recklessness is being undertaken by elected representatives of the people, thereby betraying one of the cardinal pillars of democracy. Leaders are elected to responsibly manage public resources in an organized
way.
“I respectfully appeal and in fact, demand that this situation be reversed immediately in preference for a more responsible and transparent approach to budgeting” Obi stated.
He said priority must be placed on the needs of the Nigerian people, not the selfish interests of a few.
“This is a call to action for all Leaders to desist from actions that will further drive the country into economic chaos.
“Neither the National Assembly nor the executive has any excuse to promote or condone such unconscionable behaviour”, he said.
He noted that what was needed is a nation governed by leaders who are frugal and responsible in their handling of public resources, insisting it is the only way a great nation can be built.
