Over the past two years, Nigeria has delayed budgets.

2016 was the year we were re-introduced to the meaning of padding; while 2017 was the year of waiting for Godot.

As a result, the government is suffering the impact of two consecutively distorted fiscal years.

To correct this anomaly, the Acting President, Yemi Osinabjo has flagged off preparatory activities for the 2018 Budget based on the Economic Recovery and Growth Plan, ERGP.

“Going forward, we have agreed with the National Assembly leadership on the necessity to get Nigeria back onto a predictable January to December fiscal year. 

"To achieve this, the 2018 Budget needs to get to the National Assembly no later than early October so that the National Assembly can conclude work on it before the end of the year,” Prof. Osinbajo said.

The process is anchored by the Ministry of Budget and National Planning, and would ensure that the 2018 Budget aligns with the provisions of the ERGP. The document would be ready for presentation to the National Assembly by early October this year.