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Is the 2017 budget also another sandcastle?

A fiscal plan is usually a clear and precise statement of what government hopes to realistically earn as income and how much it would spend within a given time frame. Thus in a year, if projected incomes exceed expenditures, a surplus will be available as savings or to apply responsibly to revamping vital social infrastructure. Conversely, where projected expenditure exceeds actual income, the shortfall will invariably be funded with loans or savings.

Open letter to Buhari on behalf of Nigerian consumers

Mr President, Sir, you probably don’t need a reminder that there is a recession on in the country. As a matter of fact, what we have is stagflation – a wicked combination of inflation (now 18.5%) and declining GDP (now -2.4%). Most economists and marketing professionals would testify that the two translate to low purchasing power and empty pockets. Permit me to confess that I am both a practitioner of the dismal science (economics), as well as Marketing.

Appearance, reality and the idols (6)

Contrary to the assertions of Buhari and his subordinates, lives and property are less secure now than they were on May 28, 2015. Indeed, there are good reasons why the security situation has grown worse since Buhari assumed office

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