Zero Budgeting, Project Monitoring And Restructuring, By Fred Aghanenu

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With zero base budgeting, money for an entire project can be pocketed by a group of people within a budget period of one year and that is it, after all, the next year budget will start all over from zero! It is for that reason that I opined that by virtue of the oversight function constitutionally given by Nigerians to the legislators (Federal and States), Nigerians should demand from NASS and their State legislators an update or evaluation of the performance of 2016 budget. It important that we know what we achieved with the huge debts recorded in 2016. The nonchalance over budget implementation has immensely contributed to our infrastructural deficiency and it must stop. Recently it was reported that NDDC and the Federal government have alarming rate of abandoned projects for which so much money had been committed without commensurate execution. This is no doubt caused by the of lack of monitoring of our project commitments and to that extent, our legislators and indeed executives pan Nigeria have failed us. Going forward and by the seriousness of the matter, legislators must establish Projects Monitoring Committee that will be charged with monitoring projects and keeping themselves abreast with disbursements, contractor’s challenges, and ensuring satisfactory completion of the job at record time. So I plea! Remember! Restructuring is the answer to the monumental. project inefficiency ! Let us restructure now!! Thank you. To Receive Free News Updates, Add To Your WhatsApp: 08033857245; For Adverts Enquiries, Call 08083609209, To Publish Your Articles Or News Stories, Email editor@skytrendnews.com. ]]>