Good Morning Nigeria: The 2016 budget in need of joining up
​The 2016 budget in need of joining up
- The local media report that a two-day budget retreat for ministers-delegate was held last week in Abuja, and that the vice-president, Yemi Osinbajo, presented a paper to the gathering. Its account of the paper throws up some budget figures, not all of which stand the test of close analysis. Osinbajo, who has a loose coordinating role for the economy, hoped to push capital spending up to N2trn in the 2016 budget, which he compared with N1.3trn in this year's initial document. The proposed increase is much more dramatic, given that data in the CBN quarterly reports show a H1 2015 total of just N36bn.
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