Experts hail Jonathan’s amendment to 2013 budget

[Shola Sholaz]

Two financial experts on Wednesday commended President Goodluck Jonathan for seeking amendment to the 2013 budget, particularly the National Assembly's control of the Securities and Exchange Commission's (SEC) expenditure.
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They gave the commendation in separate interviews in Lagos.
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Jonathan had on March 19, in separate letters to the two chambers of the National Assembly, sought an amendment to the N4.9 trillion 2013 national budget.
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In the letters, the president said that the N4.9 trillion budget could "hamper" the works of the executive if it was implemented as passed by the lawmakers.
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Jonathan also listed four controversial clauses in the budget which he urged the lawmakers to review and gave explanations for his request.
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Among them is the clause directing the SEC not to spend any fund this year unless in a manner approved by the National Assembly.
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Mr Lugard Aimiuwu, President, National Institute of Marketing of Nigeria (NIMN), said that the president's action was a welcome development.
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Aimiuwu said that the non allocation of  fund in the 2013 budget to SEC was like making a law to target an individual and render the capital market impotent.

[Folami David]

I hail it too cos it makes a lot of sense to me. The amendment came at the very right time for Nigeria