A Consultant Economist, Dr Biodun Adedipe, on Friday urged the Federal Government to set targets for ministries, departments and parastatal agencies (MDAs) based on their yearly budgetary allocations.
Adedipe told the News Agency of Nigeria (NAN) in Lagos that lack of targets to be met by MDAs had contributed to the observed cycle of under performance of the country’s budgets.
”Nigeria is just allocating and releasing funds every year to ministries, department and parastatal agencies. We should begin to talk about service delivery.
”Our budgeting structure should not only talk about how much money to be spent, but the kind and quality of services MDAs should deliver.
”These ministries should be given targets based on their budgetary allocation.
”The adoption of performance-based budgeting will also improve achievements of public programme objective, better alignment with policy and accountability, ” Adedipe said.
The economist said that citizenry did not feel the positive impact of the budget implementation despite the yearly allocation of huge funds.
According to him, the bright ideas contained in budgets need to be translated into reality for economic and national development.
Adedipe said that government should also offer professional bodies like the Institute of Chartered Accountants of Nigeria (ICAN) the technical capacity to provide manpower development, financial advisory and budget implementation.
Source : Leadership