"There’s Nothing Hopeful Around Proposed 2024 Budget" – Business Expert

“There’s Nothing Hopeful Around Proposed 2024 Budget” – Business Expert

33
Reach the right people at the right time with Nationnewslead. Try and advertise any kind of your business to users online today. Kindly contact us for your advert or publication @ Nationnewslead@gmail.com Call or Whatsapp: 08168544205, 07055577376, 09122592273

A business advisory consultant, Wole Ogundare, on Saturday, revealed that the 2024 budget proposed by President Bola Tinubu does not inspire hope when the projected GDP growth rate is compared to the population growth rate.

Ogundare led this out during an interview on Channels TV, where he tagged the appropriation ‘budget of coasting along.’

He said: “When you look at the assumptions, the first thing I typically look at is the growth rate. So the macroeconomic framework tends to force you to look at the growth rate. The President projected a 3.76 growth rate; if you look at that growth rate, how does it really make sense?

READ MORE: 2024 Budget: We’ve Discovered Some MDAs Have Over-Bloated Personnel Cost — Reps

“You compare it to the population growth rate in Nigeria. Our population growth rate today is about 2.5, so if you look at a 2.5 population growth rate relative to a 3.76 GDP growth, it tells you immediately that this is not a budget of hope, it is a budget of coasting along. Let us just coast along for now.


Reach the right people at the right time with Nationnewslead. Try and advertise any kind of your business to users online today. Kindly contact us for your advert or publication @ Nationnewslead@gmail.com Call or Whatsapp: 08168544205, 07055577376, 09122592273



Leave a Reply

Your email address will not be published. Required fields are marked *