Tuesday, 26 April 2016

"The Year is Running Out and We are Still Talking About Budget" - Nnamani Frowns at Delay in Passage of 2016 Budget

Former Senate President, Ken Nnamani, on Monday frowned at the delay in the passage of the 2016 Budget by the National Assembly and executive arm of government.

Nnamani, who was answering questions from State House correspondents in Abuja, said the two arms of government must find a quick solution to the budget impasse.

According to him, time is running out and something must be done urgently to ensure the passage of the budget as quickly as possible.

``Budget is an area where we practice what we call co-management between the National Assembly and the executive branch of government.

``Both of them co-manage the economy through the budget.

``It is a peculiar area, both of them will have to cooperate and collaborate for a proper budget to be passed and once it is passed, it becomes law.

``So as it stands today the situation is such that the National Assembly has to do what is called introspection.

``How did we get to where we are now.

``The year is running out and we are still talking about 2016 budget. Where is the fault from?

``Wherever it is coming from, both the executive branch and the legislature must find a quick solution to it.

``It does nobody good to drag it any longer.’’

Meanwhile, Gov. Aminu Masari of Katsina State has said that the forthcoming ``Katsina Economic and Development Summit’’ is meant to sensitise the world on the abundant investment opportunities in the state.

According to him, the summit is aimed at encouraging local investors, who may be interested in investing viable business ventures in the state.

``I said it before and I am saying it again, there was a time Kastina was entirely dependent on its natural resources and those resources are still there.

``I believe that we are sensitising the general public and the world to know that there are lots of opportunities in Kastina and in Kastina with proper investment we believe we can make it.

``We believe we can survive on agriculture and the natural resources that abound in Nigeria.

``So, that is why we have tagged this `Economic and Development Summit’ but also we are refocusing to encourage our own local investors, those who have N100,000 to invest can make more money than leaving the money in the bank.’’ 


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