What will happen in Nigeria if budget passage is delayed – Adeosun
Nigeria’s Finance Minister Kemi Adeosun has revealed that adjustments in implementation of some national projects was imminent if the passage of the 2018 budget is delayed.
“Honestly, we may need to realign some of the priorities now because what we thought we would be doing in January is now different from what we are going to do.
“So, we are going to have to look very closely to see where we would realign and re-prioritise, but we will carry on because most of the capital projects are multiyear projects so we will just continue.
“We are going to try and mitigate that impact as much as possible and focus on completing projects.
“What has helped us is the fact that the budget was passed late last year, and what we did was we just carried on with those projects, we will close this year’s budget with capital expenses in excess of N1.5 trillion which is higher than last year,” she said.
Although she said the Federal Government would do all in its powers to mitigate the effect of the delayed budget passage, she called on the National Assembly to expedite action on its passage.