Economy and Politics: States, Budget 2022 and Socio-Economic Development in Nigeria
This edition of the "Economic and Politics" features a discussion on "States, Budget 2022, and Socio-Economic Development in Nigeria", increasing the focus on state-level activities.
It highlights vital facts like a 98% improvement from States preparing their budgets before December 31, as 35 out of 36 presented the 2022 appropriation bill as of December 10, 2021.
States like Oyo had already passed and signed their 2022 budget into law, ready to implement the January to December 2022 cycle, while Delta and Plateau also passed their respective budgets. It also notes that there has been a remarkable improvement with over 25 States adopting higher capital expenditure to recurrent, improving investments in infrastructure and human capital development.