The National Assembly yesterday expressed disappointment in President Bola Tinubu’s government’s poor implementation of the 2024 national budget.
The federal parliament also expressed concerns over the huge discrepancies in the size of the recurrent expenditure compared to the capital expenditure.
It described as unacceptable, the low level of fund releases for capital projects for Ministries, Departments and Agencies, (MDAs) in last year’s fiscal document still being implemented.
Chairmen of the Senate and House of Representatives Committees on Appropriation, Solomon Adeola and Abubakar Birchi, made the observations at a joint sitting of the panels.
The panels held a special session with the Presidential Economic Team to consider the 2025 Appropriation Bill. Both Adeola and Birchi agreed that the economic team should do something urgent to release more funds for capital projects.
They noted that doing so remained a major way for the people to feel the impact of government away from recurrent expenditure which affects only a negligible part of the population.
