Osinbajo decries long budgetary processes, says won’t turnaround economy


Vice President Professor Yemi Osinbajo says spending nine months on different budget-related processes before projects are carried out will not lead to a turnaround in the economy.

Osinbajo said this at the Stakeholders’ engagement forum on ease of doing business in Nigeria organised by the Presidential Enabling Business Environment Council (PEBEC) on Tuesday in Abuja.

He said the long period of time taken by the National Assembly to pass the budget and another three months for the procurement processes to be completed cannot move the economy forward.

Osinbajo said it was time for all Nigerians to be concerned with the time the National Assembly spend before passing the budget.

The Vice President observed that it is in the interest of the country that the legislature and the executive arms of government should work together for the good of the people.

He described Nigeria’s recent elevation by 24 places on the World Bank’s Ease of Doing Business Index as “incredible” and a demonstration that good things can be done with the right people in place.