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Addressing Budget and Debt Vulnerability amidst COVID-19: Policy Pathways for Nigeria

Osabuohien, E. S. C. and Gershon, Obindah and Oye, Queen-Esther and Efobi, Uchenna (2020) Addressing Budget and Debt Vulnerability amidst COVID-19: Policy Pathways for Nigeria. In: POLICY BRIEF 2020, 01, April 2020, CENTRE FOR ECONOMIC POLICY AND DEVELOPMENT RESEARCH.

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Budget constraints and rising debt burdens in Nigeria are macroeconomic issues that have to be addressed sustainably. Such issues can clog the wheels of progress on economic growth and sustainable development in the country. This policy brief considers the disconnection between economic growth objectives and national budgeting amidst closely related problems of limited revenues, declining oil price, and the resulting debt burdens. Some options for policymakers to address the challenges as a vehicle to ensure better human capital outcomes are highlighted. These include: redefining Nigeria's objectives for budgeting; shifting emphasis from budgetary allocations to funding; addressing inadequate revenue generation; and financing of the national budget. Others entail: improving budget implementation towards achieving the budgeting objectives; orientation of citizens to understand that federal government budgets should fund federal projects alone; and monitoring of sub-national governments

Item Type: Conference or Workshop Item (Paper)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HJ Public Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 02 Jun 2021 10:11
Last Modified: 02 Jun 2021 10:11

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