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Showing posts from May, 2018

Nation Building - A Task For All!

In discussing Nigeria, sometimes it is difficult and sometimes nauseating because most often than not, what we dissipate our energy on are empheral and irrelevant. The core issues that we should be discussing are often relegated to the background, and often treated as non-existence. To me the Nigeria problems are multi-faceted and deep rooted but not unsumountable. What is required to solving them is the political will to solve them plus the concerted effort of all the citizenry. The root of our problems to me therefore lies with our values systems. The question is what creates value? Lie in the heart of value creation are education, exposure and experience. Our education which comes from formal and informal learning plays significant role in what we accept as the norm, and thrives that drive our actions and inactions. In other words, what we learn from the four wall of classrooms, religious settings, and interaction with fellow man from the home to the streets are germane to the

The Politics of Budgeting

Every year, governments across levels come up with the financial estimates for the day to day running of government business, and for the pursuit of  certain projects for the society. A typical budget is comprised of two basic components namely: public revenue which represents the different sources through which the government hopes to generate income to finance its proposed expenditure. The other part is public expenditure which consists of list of things and or projects that government is embarking upon in any given fiscal year. Each of these subdivision can be further divided into: Capital receipts and recurrent revenue for the public revenue component; and capital and recurrent expenditure for the Public Expenditure component. The budget as a financial blue print revealing the dynamics of the state concerning the raising and spending of government revenue over the years has continued to be a subject of debate in Nigeria and even in the most developed world. This is because, it s