‘Proposed 2012 Budget New Vista for the Economy’

Analysts in the financial service sector have said that the implementation of the proposed budget for 2012 might leave Nigerians with some hard economic choices, but necessary to create jobs. In a report made available to THISDAY analysts at First Securities Limited, said the implementation will also help conserve hard-earned foreign exchange, as government embarks on import substitution, especially in agriculture and help broaden the productive and revenue base of the economy. The analysts however regretted that the budget speech did not give details of how the deficit of about N1.105 trillion will be financed so that Nigerians could gauge its borrowing impacts on interest rates in the domestic financial market.



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