Reacting to the news from the Senate meeting with the President’s economic team, that only N184.84bn has been released as at July 20, which when calculated against the total capital budget of N1.519tn is 12.16 per cent of performance as against the 56 per cent performance earlier claimed by the Minister of Finance, the Executive Chairman of CACOL, Debo Adeniran averred that it is disheartening that the budget has not been well implemented when the nation is already in the third quarter of her fiscal year.
“This poor implementation portends great danger to the growth of the country. Full budget implementation remains the only basis for good governance. Any government that prioritises the welfare of its governed cannot treat budget implementation with kid gloves. Those who are ruling us have shown their administrative poverty in graphic format should just do something to ameliorate the suffering of the masses.”
Speaking further, CACOL noted that the Finance Minister should resign her appointment for integrity sake and allow competent hands handle the economy.
“The Finance Minister should, at least, pretend that she is decent and integrity conscious; she should come down from her high horse and apologise to all well-meaning Nigerians for betraying the confidence they reposed in her and resign honourably for not knowing how far the budget has been implemented and the performance of the nation’s economy. What was she coordinating? It mean she does not have any business been there. That shows the ineptitude on the part of people at the helms of affair in this country,” the Coalition submitted.
The Coalition, however, called on the National Assembly to make do its threat to move for the impeachment of President Goodluck Jonathan if the budget is not implemented to a considerable level comes September 18.