Following the signing of the 2016 budget into law by President Muhammadu Buhari on Friday, Saturday PUNCH captured the reactions of some prominent Nigerians. While many felt the move took too long in coming and could plunge the economy deeper into crisis, others expressed excitement, stating that the nation was about to witness tremendous improvement in every area
We have lost this year –Spokesperson, Afenifere, Yinka Odumakin
The imbroglio over the budget for about five months was quite unnecessary. As it is, we have practically lost this year. The rains are here now and so I don’t know which job the Ministry of Works wants to do on any road.
There is a clear danger in the land for the fact that the economy is crumbling. A few days ago, an Italian in the country closed down his factory with all 400 Nigerian workers losing their jobs. A similar thing is also happening in almost every sector of the economy. If care is not taken, we might find it very difficult to arrest the decline being witnessed in the economy.
I would therefore advise the government to sit down and see how they can salvage the situation otherwise we could be in for a serious problem. Funding the budget now is still a major issue that needs to be addressed. I fear that we have lost 2016; so the government should begin to prepare in earnest for 2017 to prevent such from happening again. A nation shouldn’t go through this type of thing twice.
Budget going to transform Nigeria –Former Chairman, Nigerian Bar Association, Ikeja, Lagos, branch, Monday Ubani
The signing of the budget by the president has made me one of the happiest persons in this country today because it is the most epileptic in the history of Nigeria. It started with being missing, the next story was that it was being padded, after they managed to unpad, they added some flesh to it again.
But the good news is that it is one of the biggest and most ambitious budgets in the history of this country. I have this feeling and conviction that this budget is actually going to transform Nigeria. This government means business, there is a high level of transparency and as a result there would be a high level of compliance and execution of the details. It is not going to be business as usual because Nigerians are becoming more conscious and the government, a little more sensitive to the people’s feelings. It may not be 100 per cent compliance but I am expecting a high level of it from this government.
The time we have lost in passing this budget is unnecessary but I see it as a learning curve for the All Progressives Congress-led administration. They have never governed at the national level and so this experience gives them an opportunity to learn vital lessons. I am sure they will use this one to get the 2017 version right.
The time lost can be regained if there is integrity on the part of the government. Funds can be disbursed quickly for capital projects to be carried out and by December we would have covered a lot of lost grounds in this regard.
The pressure on the economy as a result of the delay in passing the budget might not automatically disappear; it would take a gradual process. As funds are disbursed for various purposes by the government, it will surely trickle down to the ordinary man on the street one way or the other, so the pressure will begin to ease. This is the most ambitious budget we’ve had in this country and I am convinced it is going to turn out well.
There has to be some form of compensation for the long wait
–Chairman, Copyright Society of Nigeria, Tony Okoroji
I think it is a very good thing that the president has signed the budget. There would be less excuse on why things have not been on the right direction. We are in a democracy and nobody is supposed to spend money except it is authorised by the national assembly; which is the reason some of us think things have not moved as fast as they should.
Signing the budget has taken too much time and we hope things would get better. There should be no queues at petrol stations; there should be regular power supply and also employment for the youths. There has to be some form of compensation for the long wait Nigerians have had to endure. After this, there should be no excuses anymore.
No more delays, time for work –Entertainer/entrepreneur, Gbenga Adeyinka
I feel excited that the budget has finally been signed. It is better late than never. Now we can start the work that needs to be done because there are lots of things that need to be done.
It is sad that it took so long but now that is has been signed, we should commence work immediately, there must be no more delays. I expect that everything that needs the government’s attention would be attended to. They should look at the areas of power supply, infrastructural development, and employment opportunities. They should do what is right.
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