Former presidential candidate, Prof. Pat Utomi, has blamed President
Muhammadu Buhari’s
administration, for the current economic recession in
the country.
Utomi stated this on Wednesday, while speaking as a guest lecturer at
Dr Emmanuel Egbogah budget roundtable, organised by the Business School
of Nnamdi Azikiwe University, Awka in Anambra State.
He blamed the recession on a refusal to plan and insists a good national budget would have averted the downturn.
“Our major problem is that we lack planning and budget discipline.
“In beginning of a budgeting process, it must be matched with where
the people are going; but beyond revenue and expenditure, budget has to
do with discipline and execution.
“Those blaming fall in oil price were just bad managers. That was not the cause of this recession,” Utomi said.
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