Kafrican
JF-Expert Member
- Jan 26, 2015
- 7,212
- 6,972
You are yet to provide any evidence of this 70% figure.Phew!
1. Nigeria's States budgets combined are 22bn$. 70% of which is funded by The federal Government. This means The 35bn$ Federal budget, allocates 14 bn$ to the States and Local governments. 8bn$ comes from State's own sources.
So, add 8bn$ to 35bn$ you get 43bn$.
2. Having said that, still Nigeria has five times (you can say four, but it doesn't matter) the Gdp of kenya but 1.25 times the budget of Kenya.
3. Do you agree that the size of the budget doesn't indicate the size of the economy??????
Do you agree or not based on thatt example? it's easy man! Stop the blah blah, you can't nullify.
And BTW, budgets are ment to improve lives through better education, infrastructure, healthcare and general quality of life.... Kenya ranks higher than Nigeria in all these sub sectors... So that means Nigeria is the wrong example to be following, SA has a smaller GDP compared to Nigeria but their economy is more diversified meaning multiple avenues to collect taxes. Their budget this year is $142 Billion and as a result they have the best of everything south of the Sahara.. This is the example that we should be following. Big and we'll implemented budget = Better quality of life