If the budget are passed and implemented in time, there is likelihood that the success rate is higher.
Therefore, if the budget can be implemented by January or February, you can be sure that the success rate for 2018 will be much better that what we had in 2017.
How do you think the 2018 budget can be quickly passed for better implementation?
And use the loans to settle domestic debts to reduce the debts service burden which I support.
However, what is important is that all borrowing must go to capital projects, not just any capital project but critical capital projects that are self-liquidating which means proceeds of the project are used to repay the loan.
If you add the capital component of the statutory transfer, you have about 30.8% allocation to capital expenditure and that is in line with the Economic and Growth Recovery Plan (ERGP) of the federal government. As such we are beginning to see improvement in the allocation for capital expenditure.