By Vincent Ujumadu
Awka – THE director of the Lagos Business School, Prof. Pat Utomi Wednesday in Awka blamed the administration of President Muhammadu Buhari for the economic recession in the country, arguing that those attributing the recession to fall in oil price were bad mangers.

Utomi, who spoke as guest lecturer at the maiden edition of Dr Emmanuel Egbogah budget round-table organized by the Nnamdi Azikiwe University Business School, Awka, said the Buhari government should have foreseen the situation, had it been that it was futuristic in budget planning and management of resources.
His lecture titled: “Budget Processes In Nigeria: Challenges And Implications For National Development”, blamed the situation in the country on lack foresight, adding that a good national budget ought to have preempted the situation.
According to him, a good budget should contain what the people want and envisage the implications of future economic changes and challenges.
He said: “Our major problem is that we lack planning and if there is no discipline, then budgeting is a waste of time.
“Budgeting process must be matched with where the people are going, but beyond revenue and expenditure, budget has to do with discipline and execution.
“Those blaming fall in oil price are just bad mangers because fall in oil price is not the cause of this recession.”
Utomi also lamented the prevailing backwardness in the country, stating that the sad situation was basically thrown up by the events of 1966, when, he said, a gang of military boys hijacked the leadership of the country.
According to him, the same characters had remained in power since then in different guises.
In his keynote address, the deputy chairman, House of Representatives Committee on Appropriation, Mr. Chris Azubuogu listed factors that hindered the actualization of national budget to include poor funding of budget, lopsided budgeting, deficit budget and high domestic debt profile which he said was in trillions of naira.
In his address, the director of the school, Prof Austin Nonyelu said the conference was necessitated by the challenges and problems that bedeviled Nigeria’s budget process at all levels of governance, which he noted, had impacted negatively on service delivery.
He said Nigeria budget process at all levels of governance was bedeviled by myriad challenges and problems which impact negatively on service delivery.
“The common narrative in Nigeria is that federal and state budgets are rarely implemented with consequential negative effects.
“The newly established Unizik Business School in Nnamdi Azikiwe University, Awka is committed to unraveling these issues, and hopes to provide the roadmap that will direct, and reorient the entire mechanisms and processes involved in budget development and implementation,” he said.


http://www.vanguardngr.com/2017/04/blame-buhari-recession-utomi/

Cc lalastical

sarrki no go ever gree

...Every normal,right-thinking individual knows buhari and buhari alone is to blame for the recession in this country..no more,no less.

What do you expect from the great grand father that does not finish elementary school, whom they vote into power because of their selfish interest? Did he know his left from his right. The same putting square peg in a round hole which is the problem of nigeria.

Buhari is bastaŕd but, Oga Utomi why are you always rearranging the goal post..?

First you blame past admin, Now you realized it was the chief of all clueless that actually polluted the pond.

Utomi I think desperation is about to rip off your pants..
Hunger is knocking seriously at your doors..

Yorubasgreat:
Buhari is bastaŕd but, Oga Utomi why are you always rearranging the goal post..?

First you blame past admin, Now you realized it was the chief of all clueless that actually polluted the pond.

Utomi I think desperation is about to rip off your pants..
Hunger is knocking seriously at your doors..

No mind utomi he knew all along that Buhari is recession personified but, was playing the good guy till it becomes obvious to all that buhari he helped in foisting is an error cum recession!

Prof we know that already , PMB is recession to this country.

Gbege don land,Sarrki food yaf done

We should blame Buhari? Okay, we blame Buhari.

Matter don close shebi?

Meanwhile, Utomi..

No ministerial post for you cry me a river...

One by one they are confessing the truth and tired of blaming GEJ

Y will I blame him when he is not the one that cause it..

The recession in other oil producing countries - Russia, Oman, Saudi, Angola etc - as well as the total collapse of Venezuelan economy was also caused by bad budget ba?

Prof I believe you but you sounded like a bitter wailer there.

DelGardo:
The recession in other oil producing countries - Russia, Oman, Saudi, Angola etc - as well as the total collapse of Venezuelan economy was also caused by bad budget ba?

Prof I believe you but you sounded like a bitter wailer there.

is any of those country the giant of africa?

The only qualification (though not true) the Buhari supporters attribute to him is that "He is not corruption" finish.
How does that help the economy or create jobs for the unemployed youth,, honestly azaino can not tell

tit:


is any of those country the giant of africa?

Lol even you, do you believe that cr*p?

Biko show me your national airline as the giant (after the mighty PDP buried Nigeria Airways) or show us your technological advancement. Ordinary Rwanda Air carries our giant arse all over the world...ordinary Ghana supplies you with medicines. To fight common polio na Bill Gates help our hero . Look up the literacy levels and per capita income of countries like Botswana and come back for a discussion please.

Abeg I no wan laugh.

azaino:
The only qualification (though not true) the Buhari supporters attribute to him is that "He is not corruption" finish.
How does that help the economy or create jobs for the unemployed youth,, honestly azaino can not tell

That is a major qualification for Nigeria of today. In fact it is the only one i look out for. I will take a Magu over an Ibori as my president, if Ibori like make e get PHD like uncle IB.

Hope you heard that over N1trillion has been released for capital projects (the type we can see). That is the highest in our history in one year. Have you seen the foreign reserve numbers... does that look like fluke to you?

gradually, Nigerians are seeing who the true kindergarten president is...

every sane individual knows that terrorist Buhari is 100% responsible for Nigeria's woes
He's the worst president since mankind and a shame to presidency.

useless kunu drinking bastard from Daura without brain


cc
progressive01

Caseless:
this can only come from you cos you were given a coconut for a head .

A country that's import defended has very low foreign reserves and its Forex earning drops by 65% ...some one tell me with time frame how such an economy cab avoid recession

DelGardo:


That is a major qualification for Nigeria of today. In fact it is the only one i look out for. I will take a Magu over an Ibori as my president, if Ibori like make e get PHD like uncle IB.

Hope you heard that over N1trillion has been released for capital projects (the type we can see). That is the highest in our history in one year. Have you seen the foreign reserve numbers... does that look like fluke to you?

I weep for your comment, this present government is sinking this nation, even el rufai, okorocha and others have all acknowledged the fact, you are still here defending someone who has pleaded guilty to a charge.
continue

Progressive01:
We should blame Buhari? Okay, we blame Buhari.

Matter don close shebi?

Meanwhile, Utomi..

Jackiechan01 your friend is back




Buhari will always be blamed

CarlosTheJackal:
Jackiechan01 your friend is back




Buhari will always be blamed

Nope bro that was his old post

remember am following him so any post from him I'll know

mrvitalis:
A country that's import defended has very low foreign reserves and its Forex earning drops by 65% ...some one tell me with time frame how such an economy cab avoid recession

Abi u know pass prof again?

We all know the burukutu sipping , fura de nunu drinking monkey of aso villa has no economic brain

He is escorting his supporters to the cliff

mrvitalis:
A country that's import defended has very low foreign reserves and its Forex earning drops by 65% ...some one tell me with time frame how such an economy cab avoid recession

Na today we be import dependent
Abegi park well
No defend the defenseless

ZombiePUNISHER:

Na today we be import dependent
Abegi park well
No defend the defenseless

Is it u can't read or u can't comprehend ...?? This is basic economics