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N10bn anniversary budget not for one day – C’ttee member

By Charles Kumolu

INDICATIONS have emerged that had proper explanations been made to Nigerians, the mixed reactions generated by the proposed N10 billion Golden Jubilee budget wouldn’t have occurred.

Disclosing this to Vanguard, a member of the planning committee, who pleaded anonymity dismissed claims that the budget was for one day, adding that the programme was designed to last several days.

According to the source, “the wrong message was sent to the Nigerian public. Many people were actually alarmed, perhaps, because they think that it was just a single day’s budget. But that is not the case, it is not true. This is a budget for several important projects where, two projects stood out as very significant in the whole programme.
After 50 years, after a civil war, after many military interventions and many communal clashes, and of course after bouts of economic depression and period of Structural Adjustment regime, that Nigeria is still intact calls for celebration and a monument out to be erected to that effect and that is where the Millennium Building comes in.”

In addition, the source said, “do you know that project alone will take N2.8 billion? Nobody explained that to Nigerians. Aviation will take N2.2 billion, that is the tarmac and the runway. These two projects alone have already taken N5 billion and these are capital projects. By the time you take these two projects away from the whole budget, you will discover that nothing really is left. And that is why I keep saying that Nigerians have a right to react the way they did. But by the time they know that actually the bulk of the money is to be used in capital projects for the country and posterity, of course nobody will grumble.”


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