President Buhari finally signed the 2018 appropriation bill into law, after a 7-month legislative delay. Sadly, it is unlikely to be an effective stimulant of economic growth because as they say ‘it is too little too late’.
Luckily, a supplementary budget is in the works which could hopefully move the needle of growth more forcefully. However, the 2018 budget is considered prudent by economists and could consolidate the gains so far with limited impact.
In the attached slides, Bismarck Rewane discusses the implications of the late signing of the budget and the impact on the Nigerian economy on Channels TV.