May 29, 2022

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CHAIRMAN OF NAMBLAG SAYS Budget 2017 SHOULD FOCUS ON GDP, JOB CREATION

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CHAIRMAN OF NAMBLAG SAYS Budget 2017 SHOULD FOCUS ON GDP, JOB CREATION



There has been reactions by stakeholders regarding the recent budget2017 presented by the president. While many persons according to Vanguard news are in the affirmative because of the believe of His Excellency political will, the chairman of the National Association of Microfinance Banks (NAMBLAG) and Managing Director, Ric Microfinance Bank Limited, Mr. Omololu Fatunbi has a different perspectives.

He believes only that unless issues like job creation, decline in GDP, and increase in Inflation rates are addressed in the budget, then the proclaim change by the federal government is not visible.

He said, “I need to first have the basic content of that budget because if a budget is given today, tomorrow it is another story we will be hearing. I do not see too much shift from what is obtainable, considering all the parameters in the economy that have not changed.”

“Inflation rate is on the increase, unemployment is on the increase, GDP is on the decline, except the budget is going to address some of these things, I have not seen so much change. If government wants to create employment of one million in three years, then what is the budget going to address.”

“Of a truth, there is a budget that we can use to come out of recession and if you ask me I don’t know what shift, but until it addresses  those national income indices like unemployment, inflation, GDP and others, before I can say it is a budget of positivity.”

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