Former Vice President Atiku Abubakar, during his 2011 presidential campaign, proposed a fiscal strategy to finance recurrent expenditure entirely with non-oil revenue, while dedicating all oil revenue to investments in infrastructure, security, education, and health. He emphasized the volatility and exhaustibility of oil revenue, advocating for its wise use to build future capacity rather than immediate consumption. Atiku also encouraged state governments to set agendas and timelines for similar fiscal discipline.
Related Articles
Don't miss out on breaking stories and in-depth articles.