Experts raise concern over risk of leakages in budget 2010

•As Senate reduces expenditure by N400bn, presidency proposes N1.2trn Despite moves to reduce the oil price benchmark for the 2010 budget, experts are concerned that revenue leakages and the half hearted response by the National Assembly to the presidency's request to cut the budget by 26 percent may still leave huge gaps between revenue and expenditure. Experts who gathered at a breakfast meeting at the Lagos Business School at the weekend in Lagos see rising "leakages and public scandals ...
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Added July 12, 2010
from Businessday Nigeria