Nigeria: 31.3 Percent for Capital Expenditure Not Enough - Experts

11 October 2012

Lagos — Experts have faulted the allotment of 31.3 percent of the N4.9 trillion 2013 budget to capital expenditure.

The experts, who spoke in Lagos, said with the nation's 2013 predicated on $75 per barrel, the allocation of 31 per cent of the budget on capital expenditure, though an improvement over the previous years, was not ambitious enough for Nigeria development needs Yinka Fasuyi, an economist and chief consultant, Supreme Management Consultants, said the expectation was that Federal Government would be courageous enough to push the capital expenditure component to a minimum of 40 per cent for year 2013

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