Browsing: Jerome-Mario Chijioke Utomi

If there is any event in recent times that amply demonstrates that nations succeed or fail and define their essential character by the way they challenge the unknown and cope with fears, it is the Senate’s recent and final rejection on Tuesday June 6, 2023, of the controversial National Water Resources Bill, 2023 after it was listed for concurrence on the order paper for consideration and passage.

In 2020, one of the reputable national newspapers in Nigeria in its editorial comment among other observations noted that Nigeria would be facing another round of fiscal headwinds this year with the mix of $83 billion debt; rising recurrent expenditure; increased cost of debt servicing; sustained fall in revenue; and about $22 billion debt plan waiting for legislative approval.