• Senate seeks extension of 2024 budget implementation to December 31
• Contractors rue unpaid outstanding, compounding bank loan interest
• Banks wary of funding public sector activities
• Crisis fuelled by muddled budget cycles
Midway into the year and three months after the 2025 budget was passed into law, implementation of the fiscal document may have been stalled, raising questions about the government’s commitment to pull the economy out of the woods.
At different levels of public sector administration, poor funding and outright non-release of funds have grounded the execution of critical projects that are expected to breathe life into the ailing economy, The Guardian has learnt.
The government spokesmen said the budget is being implemented as planned. But sources close to the government say otherwise, arguing that commitment to delivering on critical promises is constrained by poor financial commitment while unpaid contractors have faced a brick wall.
The contractors, some of whom are close to the corridor of power, have taken to social media to vent
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