Budget implementation ’ll determine business direction in 2013 – CIIN President

The Chartered Insurance Institute of Nigeria (CIIN) has predicted that early implementation of budget would be the driving force of businesses in 2013.

Dr Wole Adetimehin, President of the institute, told the News Agency of Nigeria (NAN) in Lagos on Monday that timely implementation, as opposed to the past pattern, would aid business direction in 2013. According to him, it is commendable that the budget was passed before the close of 2012, but “implementation is what matters”.

“All operators in the various sectors of the economy can also leverage on the early passage to structure and restructure their business plans for 2013,” he said.

Adetimehin expressed optimism there would not be any delay in signing the budget because of the increase in its size by N60 billion by the National Assembly. He said that any controversy on the size could make nonsense of the early passage of the budget.