Sunday, April 18, 2021

Utomi to Buhari: You caused recession in Nigeria

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Jaafar Jaafarhttps://dailynigerian.com/
Jaafar Jaafar is a graduate of Mass Communication from Bayero University, Kano. He was a reporter at Daily Trust, an assistant editor at Premium Times and now the editor-in-chief of Daily Nigerian.
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A former presidential candidate, Pat Utomi, on Wednesday blamed President Muhammadu Buhari for the current economic recession in Nigeria.

Speaking as a guest lecturer at Dr Emmanuel Egbogah Budget Roundtable,  organised by the Business School of Nnamdi Azikiwe University, Awka in Anambra State, Mr Utomi censured the administration for its inaction on certain economic issues.

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He blamed the recession on a refusal to plan, insisting that a good national budget would have averted the downturn.

“Our major problem is that we lack planning and budget discipline.

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“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,” Mr Utomi said.

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