She said this on Thursday in Abuja, while addressing a news conference on the state of the Nigerian economy.
“The law allows us on a provisional basis to run 50 per cent of the previous year’s provision on the current year’s budget. She also said that as at Tuesday, N2.079 trillion had been expended for capital expenditure from the 2018 budget. “It could be a flat amount or a proportion, but the other aspect that is clear is that there would be an increase for the National Youth Service Corps as well because by the Act they should earn at least the minimum wage and the NYSC also has to increase to that N30, 000.
“The method we adopted helped us but the consequence is this increase in debt and that is why the Ministry of Finance and all its agencies are working to ensure that we increase revenue. On revenue performance, however, the minister said that from all indications, the nation was faring better in 2019 than it did in 2018.