By Tajudeen Kareem and Remi Adebayo
The passage of the 2016 budget was at a breathtaking pace, expectedly after it was laid by President Muhammadu Buhari before the joint sitting of the National Assembly on 22 December, 2015.
Presenting the document before the lawmakers, the president said he would secure the country, rebuild the economy, and make the nation stronger than it has ever been. He also reassured that the budget, tagged “Budget of Change” was going to kick start the economy and stem its further slide.
His words: “This budget proposal, the first by our government, seeks to stimulate the economy, making it more competitive by focusing on infrastructural development; delivering inclusive growth; and prioritising the welfare of Nigerians.”
Continuing, the president restated the believe of his government to help industry, commerce and investment pick up; and as a matter of urgency, address the immediate problems of youth unemployment and the terrible living conditions of the extremely poor and vulnerable Nigerians.
As Nigerians look up to the president to make real these promises, the budget, for many Nigerians, remains the vehicle through which those promises can be realised.
“The 2016 budget, as outlined, is designed to ensure that we revive our economy, deliver inclusive growth to Nigerians and create a significant number of jobs. As we focus on inclusive growth, we are conscious of the current rate of unemployment and underemployment. This is a challenge we are determined to meet; and this budget is the platform for putting more Nigerians to work,” Buhari said.
Hanging their hopes on these, despite being oblivious of the finer details of the budget, the anxiety on the passage shifted to the legislative theatre for scrutiny and endorsement.
The drama
No sooner had the National Assembly resumed from the yuletide holiday than the Senate raised the alarm of a missing budget. Ensued controversies witnessed buck passing between the Senate and the Presidency in a drama that was later settled amicably but not without its political intrigues.
Meanwhile, the disclosure that the Senior Special Assistant to the President on National Assembly Matters, Senator Ita Enang facilitated the backdoor amendment of the budget drove the discussion into the political realm and when the confusion on the evasive document was being resolved, another clog was thrown in the wheels.
The controversies
The defence of the federal budget commenced with different ministries, departments and agencies appearing before separate committees of both chambers of the National Assembly.
Revelations from the exercise suggest that the Ministry of Budget and National Planning, newly created to man the budget window, was seemingly overwhelmed in handling the budget, being the first in the life of this government.
From the Education, Power, Works, to Health sector; State House and Office of the Vice President, figures being reeled our were mindboggling, forcing the ministers to disown them and the Senate stopping earlier resolve to pass the Appropriation on February 25.
In reaching this decision, the upper chamber said the budget was full of errors that it could not continue to deliberate on it until it is corrected.
Reactions trail budget padding
With the admittance of errors by the Presidency, working a new date for the passage of the 2016 budget has become imperative, provided corrections have been effected on the grey areas.
“We want to remove all ambiguities; we want to remove all padding. We want to produce a budget that is in line with the constitutional provision. During the budget defense, a lot of issues based on the padding of the budget, arising from over-bloated overheads and in some instances cases of over-bloated personnel cost,” Senate Committee Chairman on Appropriation, Danjuma Goje, said.
Alarmed, the Presidency blamed the errors on those it called ‘Budget Mafia’ within the civil service promising to identify and sanction them.
Way out
A good part about the whole controversy is that for once, the nation is offered an opportunity to witness the dissecting processes of its annual budget, carried out in a transparent and democratic manner. The independence of the legislative arm of government is also protected as the Presidency stood aloof, resisting the temptation to interfere in the damage control mechanism, that is a far cry from the past.
The vigilance of both the Presidency and the members of the National Assembly saved the nation from what would have been another monumental corruption spree. Now, it is commendable that President Buhari, in exercise of his powers, moved to rescue the situation by removing the Director General of the Budget Office in a change aimed at correcting the anomalies and embarrassment the budget imbroglio has caused the government. Tijjani Abdullahi was appointed as the new Director General of the Budget Office while Mr Ben Akabueze steps in as Special Adviser on Planning, and designated to work with the Minister.
Budget financing
In the 2016 budget proposal, the Federal Government intends to borrow $2.5 billion from the World Bank and another $1 billion from the African Development Bank; inspite of the debt profile of $64 billion. The loan, according to the Minister of Finance, Mrs Kemi Adeosun, will be used to finance the N2.2 trillion deficits in the 2016 budget.
Alarmed by this, lawyer and human rights activist, Femi Falana has threatened to sue the Federal Government if it proceeds with such plan. Falana told the president to recover Nigeria’s stolen funds as a way out of the current paucity of funds.
How government intends to fund the budget is still a puzzle to many. Addressing Nigerians in the United Kingdom recently, President Buhari lamented why he sought leading Nigeria at a time that oil, the mainstay of the economy daily lose values, raking in scanty resources.
The dwindling resources have continued to plague this government amidst huge debt and dwindling revenue from oil. Experts say government must begin to seek alternatives outside oil to earn income.
From the federal to the state levels, the story is the same and in fact more worrisome in more than 22 states, including Osun State where workers are owed salaries spilling into months. Many states cannot fulfill their financial obligations to their workforce, causing disaffection across the country.
As part of measures aimed at beating the malaise, experts are of the opinion that the search for a strong currency backed by an enviable economy would continue to elude Nigeria until an enduring economic foundation is built and deployed for governance.
In view of this, the Basic Registry and Information System in Nigeria (BRISIN) is one timely project for President Buhari to leverage on in providing an alternative to oil. The BRISIN system is designed to provide a National Integrated Data and Information Infrastructure as an encompassing solid platform in tandem with the change promised by the President.
“BRISIN in Nigeria is extra vital because it is the only instrument that has no colour, religion, ethnicity or gender; the only instrument for strong and vibrant economy with monitoring and control system; the only instrument that reduces the gap between the rich and the poor; the only instrument that would give Nigeria a strong currency value,” Dr. Anthony Okorocha, a development expert said.
Reasoning further, he said, “The underground economy in Nigeria is 70 per cent and IGR is 30 per cent. The reduction in oil price is sending fever to Nigeria because we diverted from following the principles of economic development.”
If the federal and state governments can collect just 80 per cent of accruable internal revenue, they will find it less stressful paying salaries, experts have argued.
“With prudent management, I see no reason why Nigeria cannot provide free health and education to the less privileged. It is also possible to provide unemployment and social welfare benefits,” Professor Yemi Adeola, an Abuja-based economist argued.
What is now left for this government is the will to press further on this solution; a system that seamlessly captures data and information on all individuals and enterprises of social and economic value within the country.
Implementation of BRISIN in Nigeria is perhaps the smartest way for providing appropriate and sufficient data gathering and sharing as solution to assist in national planning, including the much sought job creation.
Through this initiative, about 2 million jobs can be created by establishing documentation centers in all the 8,812 wards in Nigeria from where information will be shared to the 774 local governments, to states and at the federal level. Experts even reckon that BRISIN can generate 10 million jobs in five years.
With these at the fingertips of this administration in its quest for driving effective national planning, generating funds to finance the budget and stimulating aggressive creation of jobs and wealth, there should be no ambivalence in adopting the BRISIN system.















