Prof. Pat Utomi, has blamed President Muhammadu Buhari’s administration, for the current economic recession in the country.
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Speaking as a guest lecturer at an event organised by the Business School of Nnamdi Azikiwe University, Awka in Anambra State on Wednesday, he blamed the recession on the refusal to plan and insists a good national budget, which according to him would have averted the downturn.
“Our major problem is that we lack planning and budget discipline.
“In beginning of a budgeting process, it must be matched with where the people are going; but beyond revenue and expenditure, budget has to do with discipline and execution
“Those blaming fall in oil price were just bad managers. That was not the cause of this recession,” Utomi said.
