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2017 Budget: Nigeria Is In Big Trouble – Minister Of Power, Fashola Says - Politics - Nairaland

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2017 Budget: Nigeria Is In Big Trouble – Minister Of Power, Fashola Says by Innov8ve1: 4:10am On Jun 27, 2017
Minister of Power, Works and Housing, Babatunde Fashola has continued to trade words with members of the National Assembly over tampered 2017 Budget which recorded some added projects by Lawmakers.

According to the Minister, Nigeria is in big trouble if lawmakers do not understand the difference between cash and budgets.

Fashola had earlier complained that some provisions of the budget violate the nation’s constitution. The National however clapped back that the Minister was spreading ‘half-truths’ about the controversial Budget.

The former Lagos Governor who spoke in a statement signed by Hakeem Bello, his special adviser on media, said it will not be out of place to seek a resolution of the conflict between the executive and the legislators at the supreme court.

He alleged that the national assembly was more interested in small projects that are not life-changing.

In the case of the Second Niger Bridge where one of the spokespersons alleged that the provision in 2016 budget was not spent and had to be returned, Fashola said that this displays very stark and worrisome gaps in knowledge of the spokesperson about the budget process he was addressing.

Fashola said the focus on contracts by the spokesperson of the house of representatives is probably a “Freudian slip that reveals his mindset”.

He said: “Budget is not cash, it is an approval of estimates of expenditure to be financed by cash from the ministry of finance. The ministry of finance has not yet released any cash for the second Niger bridge, so no money was returned.

“Three phases of early works of piling and foundation were approved and financed by the previous government in the hope that a concession will finally be issued, which has not happened because concessionaires have not been able to raise finance.

“The continuation of early works IV could not start in May 2016 when the budget was passed because of high water level in the River Niger in the rainy season.

“The contract was only approved by the federal executive council in the first quarter of 2017 and the contractor is awaiting payment.

“In any event, allegations of half-truth is only a flawed response to the constitutional and developmental issues that have plagued Nigeria from 1999 about how to budget for the critical infrastructure in Nigeria.

“It shows the conflict between the executive that wants to build big federal highways; bridges; power plants; rail; and dams on one hand and parliament that wants to do small things like boreholes, health centres, street lights and supplying grinding machines.

“As long as budgets planned to deliver life-changing infrastructure are cut into small pieces, Nigeria will continue to have small projects that are not life-changing, and big projects that have not been completed in 17 years.

“If a project would cost N15 billion and the contractor gets only a fraction of that, then things won’t move. Success should be defined by how many projects an administration is able to complete or set on the path of irreversible completion and not how many poorly funded contracts are awarded.

“There is no fallacy or half-truth in the allegation that the budgets were reduced. The spokespersons admitted this much and now sought to rationalise it by a concession or financing arrangement that has failed to build the road since 2006. The biggest momentum seen on the road was in 2016.”


http://naijadailyfeed.com/2017/06/27/2017-budget-nigeria-is-in-big-trouble-minister-of-power-fashola-says/

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Re: 2017 Budget: Nigeria Is In Big Trouble – Minister Of Power, Fashola Says by ademega(m): 4:31am On Jun 27, 2017
This is seriously serious

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Re: 2017 Budget: Nigeria Is In Big Trouble – Minister Of Power, Fashola Says by mydavidorf: 4:52am On Jun 27, 2017
The National Assembly and the Executive should try and resolve their differences in the interest of Peace and development of our country.
Re: 2017 Budget: Nigeria Is In Big Trouble – Minister Of Power, Fashola Says by diablos: 5:45am On Jun 27, 2017
Fashola been speaking English since 2015 yet nothing to show for it. Even after 2yrs we can't see d light you promised to make constant in 6months and you still want lawmakers to release more funds to aid ur incompetency? Minister of darknessundecided

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Re: 2017 Budget: Nigeria Is In Big Trouble – Minister Of Power, Fashola Says by ofeco: 5:52am On Jun 27, 2017
the blame game continue, no more Jonababy it's now National Assembly from Assembly e go reach Ecowas
Re: 2017 Budget: Nigeria Is In Big Trouble – Minister Of Power, Fashola Says by PapaNnamdi: 6:01am On Jun 27, 2017
Jonathan, Very lucky man No wonder your mama name you Goodluck

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Re: 2017 Budget: Nigeria Is In Big Trouble – Minister Of Power, Fashola Says by edochie12: 6:05am On Jun 27, 2017
nigeria as a country is a joke,so the executives didnt go through the bugdet before signing it,sorry naija
Re: 2017 Budget: Nigeria Is In Big Trouble – Minister Of Power, Fashola Says by lenghtinny(m): 6:10am On Jun 27, 2017
My people have you blamed Gej today cheesy
Re: 2017 Budget: Nigeria Is In Big Trouble – Minister Of Power, Fashola Says by Nobody: 7:17am On Jun 27, 2017
Lol but at least I can see a great improvement in the power sector. However, aiming to make power constant in six months was too ambitious.
diablos:
Fashola been speaking English since 2015 yet nothing to show for it. Even after 2yrs we can't see d light you promised to make constant in 6months and you still want lawmakers to release more funds to aid ur incompetency? Minister of darknessundecided
Re: 2017 Budget: Nigeria Is In Big Trouble – Minister Of Power, Fashola Says by AlienRobot: 7:23am On Jun 27, 2017
I had alota respect for this man before but the way he fumbled around with his new portfolio made me weak...


Sorry man, Nigeria is in trouble because you and your cohort led us this far

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Re: 2017 Budget: Nigeria Is In Big Trouble – Minister Of Power, Fashola Says by obonujoker(m): 7:25am On Jun 27, 2017
What trouble can be greater than Buhari's trouble??
Re: 2017 Budget: Nigeria Is In Big Trouble – Minister Of Power, Fashola Says by onatisi(m): 7:26am On Jun 27, 2017
grin grin grin this is the way they will argue till December . Nigerians really deserve this punishment

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Re: 2017 Budget: Nigeria Is In Big Trouble – Minister Of Power, Fashola Says by SpecialAdviser(m): 7:27am On Jun 27, 2017
Thank you Mr Fashola. One of the major problems of Nigeria is stark ignorance.

I remember a comment on Nairaland here a time ago celebrating allocation of budgets to south west. I tried explaining to the guy that budget is simply a paperwork. Sometimes Nigeria politicians use budget to deceive people but will never implement it.

So Nigeria have proved not to work until we restructure. This way, regions can source income to finance their projects. At least nobody will accuse the federal government of not financing projects in the region.
Re: 2017 Budget: Nigeria Is In Big Trouble – Minister Of Power, Fashola Says by Teewhy2: 8:04am On Jun 27, 2017
I think I supports this man, if it is one big project that is life changing that can be done it is better than many small small projects that can't have an impact on people's live. Obj worked on telecommunication and this was life changing as it brought about other businesses and employment, if another government picked on power and resolve it within its duration I believe it will be another major milestone.
Re: 2017 Budget: Nigeria Is In Big Trouble – Minister Of Power, Fashola Says by scarletkinq(m): 8:04am On Jun 27, 2017
fashola u too talk e grammar *davidos voice*

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