2020 budget contains N150bn wasteful expenditure.
The Centre for Social Justice on Wednesday faulted the 2020 budget presented by President Muhammadu Buhari to the National Assembly, stating that the fiscal document contained about N150.07bn expenditures that are “frivolous, inappropriate, unclear and wasteful.”
The group stated this in a report made available to our correspondent by its Lead Director, Eze Onyekpere.
The report analysed the 2020 budget of about N10.33tn which is currently before the National Assembly.
The group in the report called on lawmakers to critically review the fiscal document in order to remove all the expenditures that would not impact positively on the lives of the people.
It recommended that many items in the budget should either be slashed for being too high or removed for being duplicated in the expenditure of another agency of government.
BUSINESS ADVISORY & INVESTMENT DEPT
5A Dozek Close,Off Alternative Route,Chevron Drive,
Lekki, Lagos State, Nigeria.
TEL: +2348034869295, +2348020550410
Our services include but not limited to: investments and consultancy; company formation; compliance and regulatory issues; tax advisory services; Capital importation and repatriation; Property Acquisition; and General Legal services.