3 TRILLION NAIRA BUDGET PADDING, A CRACK ON THE ECONOMY.

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In conjunction with the alarm raised by Senator Abdul Ningi who represents Bauchi Central in the hallowed Red Chamber of the National Assembly, it remains a crack and an injury to the national economy for the Presidency to have outrageously padded a whooping sum of 3 trillion naira to the already endorsed budget meant for the administration of the State House. Amid hunger, lack, and poverty plaguing the majority of the citizens, it is wrong of the Presidency who is expected to tackle the monumental challenges of penury and rising inflation to extend hands to take more funds from the already emptied treasury of the nation to run its affairs.

It is unfair that those who are entrusted with the mantle of leadership are the ruins of the rules of engagement and public trust. Nigeria cannot prosper in the face of unaccountability, deception, and breach of public trust. Leadership bereft of good service delivery can never advance a nation rather it draws back success speed, kills management efficiency, raises doubt of the led on the leaders, and most painfully makes hunger a reality since the treasury is meant to empower and feed the national infrastructures is being mismanaged and diverted.

As a nation, we should learn from the simple economic theory of decent management to grow. When a nation spends beyond what it earns, a loophole is seen to have been created and no magic settles it except caution is taken to fill the gap carelessly created by mismanagement and bad planning. That is the reality in simple econometrics. I feel touched seeing an economically blessed Nigeria undergoing hunger and poverty because of bad leadership.

I advise that as a nation, let us emulate how to plant and then smartly harvest even when the yields are immature. In the ’60s, Indonesia and other countries in Southeast Asia suffered an economic meltdown and as well made a turnaround through meticulous planning,  robust management, and the practice of investment realities that widened economic advancement. Nigeria is not poor but her problems lie in bad leadership that has left most citizens depressed, pauperized, and frustrated. Government officers looting the treasury for their selfish interests has been a clog on the wheels of our national prosperity. If we fail to change the system now, how do we expect the youth to react? Considering the rising wave of insecurity killings, and suicide murders prevailing in the Country today, then you would agree with me that expect those in corridors of power who set the right pace,  a new Nigeria of our popular expectations would not be achieved.


Chief Emeka Kalu,
Eck Foundations CEO


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