Naira Watch

The working relationship between the 9thNational Assembly (NASS) and the Executive branch has been good and two of the benefits are a return to January to December budget cycle and enactment of a Finance Act, which improves current tax laws. However, the good relationship can’t seem to get the Federal Government out of its fiscal mess. In fact, it appears both the Executive and Legislature are bent on frantic digging, while in a hole.

Without doubt, the most difficult job in President Buhari’s cabinet is that of the Minister of Finance, Budget and National Planning. Afterall, the ministers of interior, police and defence seem to be insulated from taking responsibility for the security mess. She, on the other hand, has to balance vital competing needs and deal with a NASS happy to racket up spending in a tight fiscal environment. Since 2016, government finances have been under pressure…

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