As controversy continues to trail 2013 appropriation bill, an economic expert is of the opinion that the Federal Government may not be able to implement up to 50 per cent of the total budget, when the grey areas and other issues surrounding the document are finally resolved. Also, the delay in signing the document due to the face-of between the executive and the legislature if not carefully handled, according to Mr Sulayman Bello, can lead to constitutional crisis.
In a chat with Sunday Vanguard, Bello, an economist with the Research Unit, West African Institute for Financial and Economic Management, Central Bank of Nigeria (CBN) Learning Centre, Satellite Town, Lagos, said, "Early presentation of the 2013 was a good initiative, because a budget is an important financial document that every investor wants to see to guide him in making vital business decisions. The budget goes a long way to influence every entrepreneur on when and how to invest in the economy. This implies that without the budget, potential investors may be reluctant to put their money in the economy."
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