Sunday, 30 November 2014

2014 Budget: Dashed Hopes and Unfulfilled Expectations





BY OMONIYI SALAUDEEN

Countdown to The New Year 2015 be­gins this Monday. By implication, the current fiscal year has just only 31 more days left to complete its full circle. And as usual, the year’s budget which was tagged “Bud­get for Job Creation and Inclusive Growth” came with a lot of hopes and expectations among the citizens, as it promised to address some of the funda­mental problems affecting the quality of lives of the people. These include food self- sufficiency, adequate power supply, employ­ment generation, improved healthcare service delivery, quality and accessible edu­cation and security, among others.
For now, there is no official statement yet from the National Assembly as to the actual perfor­mance of the budget. But there are concerns among the stake­holders that the outgoing year might not have been different from the previous experience. Since the advent of the present democratic experience, imple­mentation of budget has always been a source of conflict between the executive and the legisla­ture. In 2013, the performance of the budget was put at 64 per cent as at when the 2014 budget proposal was presented to the National Assembly.
Part of the reason for poor budget implementation is the imbalance between the recurrent and capital expenditures. For ex­ample, the recurrent expenditure alone for the last fiscal year ac­counted for about 52 per cent of the total budget. From available statistics, there is no significant departure from this experience in the current year running.
Even though the Director- General, Budget Office of the Federation, Dr Bright Okogu, has assured that implementation of the 2014 budget is on the right track, he could not hide the fact that capital aspect of it is yet to be implemented 100 per cent. “We are on target; we are paying and meeting all of the obliga­tions of government. Salaries are being paid which is usually the first area that you generally will look out for as a government. We also are doing our usual with servicing our debt. These are things you need to do as a sover­eign (nation). It is something you can’t simply ignore. That one is being done and we are very much up to date. The transfers to the National Assembly, Judiciary, NDDC and UBEC are being done. By current laws, they are required to have special amounts transferred to them and we are doing all of those.’’
On the Capital aspects of the 2014 budget, Okogu said that although it was not yet 100 per cent but a lot of money had been released to different Ministries, Departments and Agencies to do their work.
Senator Bukola Saraki, re­cently drew the attention of the senate to late award of contracts. He said: “Again, in 2014 major­ity of the ministries’ contracts are just being awarded. So, if they are just awarding contracts in October, is it possible to have implementation? The answer is no. These are some of the chal­lenges that make us say the bud­get implementation is faulty and will not meet the expectations of Nigerians. I think we ourselves at the National Assembly need to review the way we go about the budget implementation.”
Some of the areas where performance of the budget has been adjudged to be less than desirable are:
Power sector
In pursuit of its transforma­tion agenda, the present ad­ministration allocated a total of N62.45 billion to the sector. A large chunk of this fund is to be transferred to the Transmis­sion Company of Nigeria (TCN) to guarantee the success of its power sector reform.
Accordingly, President Good­luck Jonathan raised the excite­ment of Nigerians when he said at the beginning of this year that there would be speedy supply of power by June. As usual, the promise turned out to be another rope of sand, as Nigerians waited in vain without any respite to the incessant power outages being experienced across the geo-political zones of the country. When that assurance failed, the Minister of Power, Professor Chinedu Nebo, again told the anxious electricity consumers that they would start enjoying steady supply of electricity by October 2014 as plans had been put in place to ensure this.
Yet, no significant improve­ment has been recorded even as consumers complain of arbitrary bills being imposed on them by the distribution companies. Prior to the ongoing reform of the power sector, PHCN had a domi­nant position in power genera­tion and a monopoly of transmis­sion and distribution. Following the completion of the privatiza­tion process and final transfer to the successor company over a year ago, expectations were high that the crisis bedeviling the sec­tor would be finally laid to rest. The hope is yet to come to pass.
A former Minister of Infor­mation, Prince Tony Momoh, lamenting the epileptic power supply in the country in an interview with Sunday Sun said: “They bandy figures front, left and centre and there is nothing to show for it. They tell us there is 20 hours of light in Lagos and Abuja. In Abuja where I stay; we don’t have up to four hours of light. You are interviewing me now, generator is on. NEPA is standby and they increase bills arbitrarily. What type of country are we running?
Most residents of Lagos who spoke with Sunday Sun ac­cused distribution companies of deliberate policy to rip-off consumers by refusing to supply prepaid metres and consequently imposing arbitrary bills on them. Mr. Segun Adio, who lives in Peace Estate, Aboru, Iyana Ipaja, Lagos, complained bitterly about the hardship people in the area are passing through due to power outages. “I pay a monthly bill of N5000, but the so-called distribution company doesn’t feel it has an obligation to supply us electricity. For almost one week now, we have not been having light. I have to carry Jerry Cans in my car to fetch water. If we have prepaid metres, I am sure they won’t do that. They are deliberately shying away from that responsibility believing that they supply us with electricity. Let’s wait and see. One day, the era of free meal will be over,” he fumed. people will pay their bills whether or not
The standard for industrial nations is the generation of 1,000 MW per 1 mil­lion people. By this standard, Nigeria is expected to generate about 168,000MW to support her desire for industrial take off. But according to the Power Minister, the current generation capacity still stands at 4,500 MW. Nebo said: “First, I would say we rejoice that for the first time in a long time we have been averaging over 4,500 MW when we include nearly 300 MW of spilling reserve which is always put there to make sure that the reliability and stabil­ity of the grid is ensured at all time.”
As part of the effort to bail out the sector from the present crisis, the CBN has just released about N213 billion for gas-producing and power generating com­panies as part of Federal Government’s initiative to boost steady supply of power. The fund which is under the CBN’s Nigeria Electricity Market Stabilization Facility (NEMSF) was the outcome of a collaborative effort of the apex bank, the ministries of power and petroleum resources as well as the Nigerian Electric­ity Regulation Commission. Nigerians are waiting to see the result of the effort in the years ahead.
Education
For the first time in the recent past, education sector got a total of about N493.5billion, representing 10.6 per cent of the annual budget. Compared to the previous years, this amount is about the highest in the life of this administration. But even at that, experts in the sectors consider the amount to be too far from the UNESCO recommendation of 26 per cent of the annual budget in developing coun­tries. They, therefore, attributed the level of deterioration in public education at all levels to lack of adequate fundind.
For good part of last year, the tertiary institutions witnessed the most prolonged industrial crisis in the recent past. No less than six months was lost by the Nige­rian universities to the industrial action embarked upon by the Academic Staff Union of Universities (ASUU). In addi­tion, the ongoing strike by the Academic Staff Union of Polytechnics (ASUP) has also paralysed learning activities at the na­tion’s polytechnics which are saddled with production of middle level manpower. All these are a clear point to the fact that the government is not giving enough priority attention to the sector. Today, Nigeria is among countries of the world ranked low in Human Capital Development Index. As experts say, the dream to make Nigeria one of the top leading economies of the world by the year 2020 may remain a mirage unless serious effort is made to revitalize this key sector of the economy.
Health sector
The health sector got 5.7 per cent of the total budget contrary to the inter­national benchmarks of 15 per cent for developing countries. Like the educa­tion sector, health institutions also had their own share of industrial unrest. The most recent one is the ongoing indus­trial action by health workers under the aegis of the Joint Health Sector Unions (JOHESU). Prior to the latest crisis, the nation had witnessed a prolonged strike embarked upon by the medical doctors in government-owned hospitals. All of this has taken a huge toll on the nation’s health system as patients are being turned back in most Federal Government-owned health facilities across the country. Available reports since the strike started showed that patients at the Lagos University Teaching Hospital (LUTH), Idi Araba, Lagos and the National Orthopedic Hospital, Igbobi, Lagos were amongst those who could not access treatment on account of the dispute between members of JOHESU and the Federal Ministry of Health. Only a few federal health institutions offered skel­etal services for emergency cases.
For sustained industrial, government needs to quickly resolve the disagreement on parity between medical doctors and other health works once and for all.
Security
Security challenge occasioned by the Boko Haram insurgency is one the critical areas people are expecting government to do more. According to the Minister of Finance, Okonjo Iweala, the total spend­ing on military alone in this fiscal year is already in trillion. “Defence spending is top in everything. You know that military establishments need new things to assist them in their work and ours will not be different. No budget will be enough to meet their demands. For now, I think the sector takes almost a trillion of the budgets.”
This is aside the Police share which is put at N299.6 billion, representing 6.5 per cent of the total budget. In spite of the huge expenditure, Boko Haram has continued to unleash terror on the innocent citizens. The figure of victims of this terror act is said to be thousands and it is still counting. Since April, over 200 Chibok schoolgirls captured by the insurgents are still in captivity. In recent times, military capacity to deal with the insurgents was put to the test when the terror group invaded some major cities in Adamawa and Yobe and carved a territory for itself. The inability of the military to contain the insurgency has been largely blamed on poor funding, low level morale, obsolete equipment and lack of discipline among the army.
But government has consistently de­bunked claim, insisting that it had provid­ed the needed funds to prosecute the war. The Chief of Defence Staff, Alex Badeh, had announced a cease fire agreement with Boko Haram sect. No sooner than later, violence escalated, as the group overran several communities, sacked the people and hosted their flag. Consequently, there has been an upsurge in the number of Internally Displaced Persons (IDPs) in the North Eastern part of the country.
Momoh, commenting on the security challenge facing the nation, accused the government of politicizing the war against insurgency. “This is the first time people will defeat our army and takeover territory, almost six local governments in Borno State and a large chunk of land in Adamawa and other areas. And to think that we have an army that has earned its laurels all over the world speaks more of sabotage and indiscipline than incapac­ity. Our army is more than capable to win wars and to keep Nigeria one. But it seems to me that those who are in charge are more interested in being politicians than the military,” he said.
Food self-sufficiency
In order to encourage the local produc­tion of rice, a 10 per cent duty and 100 per cent levy was applied to both brown and polished rice. However, as local produc­ers have not able to increase production to meet consumers’ demands, there has been an increase in smuggled rice from neighbouring countries. Consequently, the Nigerian government has been urged to review the import regime on rice.
Nevertheless, government has con­sistently maintained that Nigeria has never had it so good under the present Minister of Agriculture, Prof Akinwumi Adesina. Recently, the Federal Govern­ment announced its readiness to commit a total of N13 billion to the establishment of rice and cassava processing mills in the country. Adesina explained that 10 integrated rice mills as well as six cassava mills would be established in the coun­try in pursuit of government’s policy to become self sufficient in rice and cassava production.
According to the minister, the inte­grated rice mills would be located in 10 states; Kebbi, Zamfara, Kaduna, Niger, Benue, Kogi, Bayelsa, Bauchi, Ogun and Anambra. He added the cassava process­ing mills would be located in Cross River, Abia, Delta, Ondo and Ogun states. The 10 rice mills would have the total capacity to mill 360,000 metric tonnes and the six cassava mills will have total capacity of 180,000 metric tonnes. The minister stated, “They will not be owned or run by government, they are going to be owned, managed and operated by the private sector.”
Job creation
The focus of the proposed 2014 budget remains job creation and reduced unem­ployment. The agriculture, manufactur­ing, construction, and housing sectors are expected to be the main drivers of job creation.
Although the rate of unemployment is still a major problem confronting the na­tion, administration of President Good­luck Jonathan has continued to give itself a pat on the back for creating millions of jobs for the unemployed youths.
Road infrastructure
Development of road infrastructure is one of the critical areas of priority under the transformation agenda of the present administration. This is in addition to the promised revitalization of the railway sec­tor. Despite the high expectation, most of the federal roads spread across the country are largely in bad shape. For example, in Lagos, as important as Apapa/Oshodi expressway is to the nation’s economy being the gateway to the port, only a sec­tion of the road up to Cele Bus stop has so far been rehabilitated. The other section is still awaiting further release of funds. Commuters have to spend hours in traffic gridlock any time it rains.
Furthermore, performance of the Fed­eral Road Maintenance Agency (FERMA) charged with the responsibility of main­taining federal roads has been less than desirable. Where they do at all, they do it so haphazardly that people hardly feel the impact of their work. The same is being experienced in other parts of the country.

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