casibom Betgaranti Perabet casibom casibom casibom casibom casibom Casibom https://casibomm-fiko.tumblr.com https://muson.org/ casibom giriş casibom casibom casibom casibom giriş casibom casibom casibom holiganbet Casibom casibom casibom casibom casibom casibom giriş casibom casibom giriş casibom giriş casibom casibom casibom casibom giriş casibom PORNOOOOO ANAMI SİKİN BEN ANAMI SİKTİRİYORUM CASİB ANAMI SİKT,İLER EYVAHHH DOLANDIRICIYIZ BİZ PARA İÇİN ANAMI SATIYORUM LİNK PORNO YETER AM ACIDI PORNOSU casibom casibom casibom casibom casibom casibom giriş casibom Casibom giriş casibom casibom casibom PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER PİSHİNG ANASINI SİKTİRENLER casibom giriş https://www.zawadzky.edu.co/ casibom Casibom796 HD KALİTEDE PORNO FİLM İZLE HD KALİTEDE PORNO FİLM İZLE HD KALİTEDE PORNO FİLM İZLE HD KALİTEDE PORNO FİLM İZLE HD KALİTEDE PORNO FİLM İZLE
NACCIMA Boss Lauds Timely Presentation Of Budget 2022, Cautions On New Borrowing - The Revealer
Manufacturing and Industry

NACCIMA Boss Lauds Timely Presentation Of Budget 2022, Cautions On New Borrowing

NACCIMA President, Ide John Udeagbala

The Nigerian Association Of Chamber Of Commerce Industry Mines And Agriculture (NACCIMA) has lauded  the timely presentation of Budget 2022 to  the National Assembly by President Muhammadu Bhuari.

NACCIMA President, Ide John Udeagbala, speaking on the budget presentation on behalf of the Association, noted that the early presentation of N16.9 Trillion Budget described as a Budget of Economic Growth and Sustainability is in  line with the trends of recent year of presenting our National Budget in a timely manner.

According to him, It is therefore equally reassuring that  the National Assembly has promised to process  the appropriation Bill in a timely manner and before the end of the year, to sustain the January-December Budget cycle. We also welcome the decision to inject affirmative action into the Budget through its Gender component thus making it Gender friendly. We see this as a historic decision.

He said the Association is worried by the upward swing  in the borrowing to finance the Budget and called for the need to watch the rising profile of our Debt – an increase in deficit to N6.26 Trillion, which is  to be funded by borrowing is worrisome.

NACCIMA boss noted that “While it is an accepted fiscal option across the world, for countries to resort to  borrowing  to finance short falls in their Budgets,  there must be caution in what component of the budget will be financed by the Budget. A sustainable debt profile requires that borrowed funds must be used for critical infrastructure projects that will enable payback of these loans.”

“There are speculations that the borrowings have been encouraged by projections that the Nigerian economic will grow by 2.4% in year 2022 well above earlier projected  GDP growth of 1.8,%. It was also said that decision on scaling up borrowing is based on assurances of revenue from the prices of crude which now hover around $80 dollars well above $57 backed by  projected, 1.88million barrels a day.

“The Association however wishes to draw attention to the boom and burst cycle of international crude oil prices  and cannot be relied upon as firm and assured sources of revenue. Rather there must be continued efforts to diversify the economy, improve significantly on non oil revenue and deliver on upgrade of infrastructure and improvement in security situation.

“This is to enable increase in productive activities especially in the Agric sector. Perhaps most importantly the private sector should be encouraged to tap into the opportunities under the Budget. We therefore welcome the the decision under the Budget to further strengthen the frameworks for concessions and public Private Partnerships(PPP) and that Capital projects that are good candidates for PPP will be developed for private sector participation.

“This Budget has been described as Budget of Economic Growth and Sustainability”..We  however hope that in its implementation it will be a Budget of Inclusive  Economic Growth; a growth trajectory in which no one will be left behind especially the poor segment of our population,” he stated.

Edet Udoh

We are The Revealer, a general online news platform based in Nigeria. Our focus amongst others is to provide credible, factual, well researched and balanced news and articles for our teeming readers in business, governments, politics, engineering, science, religion, technology etc. Edet Udoh is the Managing Editor. He is an experienced media person. He has worked extensively with the Champion Newspapers, The Authority Newspapers and the Blueprint Newspaper before starting Revealer Online News platform in 2018. He can be reached with this email address: edetudoh2003@gmail.com or via these phone numbers 08061246427 and 08170080488

Related Articles

Back to top button