Nigeria’s 1999 constitution gave lawmakers the power of the purse to moderate the excesses of the executive by putting stipulations on the use of funds. As the economy tilts dangerously close to the cliff’s edge, BusinessDay’s analysis and expert opinions show that by abdicating their responsibility, lawmakers are partly culpable.
As lawmakers in the 10th Assembly jostle for leadership positions in the National Assembly, with many promoting candidates they think Bola Tinubu, the president-elect, would approve of, Nigeria runs the risk of heading to even more economic turmoil with another “rubber stamp’ legislature.
