A renowned accountant and public commentator, Bashorun J.K. Randle, has in a statement, said that the most essential ingredient for a successful budget implementation is public trust.
According to the former President of the Institute of Chartered Accountants of Nigeria (ICAN), “there is need for co-operation and understanding between President Muhammadu Buhari; the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele and the Minister of Finance, Mrs. Kemi Adeosun.”
However, he cautioned that the tag of the 2017 budget as “budget of recovery and growth” should avoid delay as it could drag on for many months before it is signed into law.
“Unless there is a drastic improvement in the government’s capacity to deliver on its promises and put an end to “project formulation delays,” there is no hope that the 2017 budget will galvanise the economy out of recession.
“That is the main reason we must take all the promises contained in the 2017 budget with cautious optimism,” he said.
