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The early passage of 2021 Budget, which for the second consecutive year, effectively returns the country to the January-December budget cycle is a means to an end and not an end itself. The main challenge is how to catalyse economic recovery efforts, and budget execution to significantly contribute towards achieving fiscal sustainability as well as macro-fiscal and sectoral objectives. Ndubuisi Francis writes It is an unassailable fact that Nigeria is buffeted by a deepening macroeconomic challenges, a worsening social and fiscal order. While the economic challenges grow in leaps and bounds, the resources to tackle them appear to be wearing thin. Nigeria’s second quarter 2020 gross domestic product (GDP) contracted by 6.1 per cent although it performed considerably betterthan expected in the third quarter, contracting only by 3.62 per cent, representing an improvement of 2.48 per cent points over the second quarter level.

Uche uwalekeNdubuisi francisZainab ahmedMuhammadu buhariRevenue serviceNational assemblyRevenue service establishment act noNational planningAbundant nigeria renewal partyCompanies income taxWorld bankDebt management officeRevenue fundCrisis intervention fundEnergy information administrationOrganisation of petroleum exporting countries