By Francis Ogbimi
Nigerian governments have been announcing growth without development or growth that makes no positive impact on Nigerians and the economy since 1999. That means that all through the Obasanjo’s years 1999-2007, the late Yar’ Adua’s years 2007-2010 and Jonathan years so far 2010-now, Nigeria has been announcing growth in government books alone, without any positive impact on the people and the economy. It must be that Nigerian politicians share the billions and trillions of Naira budgeted every year through white elephant projects or steal the money outright. Otherwise, some people in government should have done something about Nigeria achieving growth without development for fourteen consecutive years. Nigeria must be doing the wrong things. In the three-part article entitled, “Introducing growth elements into the Nigerian planning and budgeting processes,” published in this column, I argued that Nigeria’s planning lacks appropriate planning theory, appropriate planning framework and realistic assumptions. This article discusses how inappropriate assumptions constitute a serious obstacle to Nigeria’s development
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