{"id":126881,"date":"2023-12-03T15:30:00","date_gmt":"2023-12-03T15:30:00","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/12\/03\/theres-nothing-hopeful-around-proposed-2024-budget-business-expert\/"},"modified":"2023-12-03T15:30:00","modified_gmt":"2023-12-03T15:30:00","slug":"theres-nothing-hopeful-around-proposed-2024-budget-business-expert","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/12\/03\/theres-nothing-hopeful-around-proposed-2024-budget-business-expert\/","title":{"rendered":"&#8220;There\u2019s Nothing Hopeful Around Proposed 2024 Budget&#8221; \u2013 Business Expert"},"content":{"rendered":"<p><\/p>\n<div>\n<p>A business advisory consultant, Wole Ogundare, on Saturday, revealed that the 2024 budget proposed by President Bola Tinubu does not inspire hope when the projected GDP growth rate is compared to the population growth rate.<\/p>\n<p>Ogundare led this out during an interview on Channels TV, where he tagged the appropriation \u2018budget of coasting along.\u2019<\/p>\n<p>He said: \u201cWhen you look at the assumptions, the first thing I typically look at is the growth rate. So the macroeconomic framework tends to force you to look at the growth rate. The President projected a 3.76 growth rate; if you look at that growth rate, how does it really make sense?<\/p>\n<p><strong>READ MORE:\u00a02024 Budget: We\u2019ve Discovered Some MDAs Have Over-Bloated Personnel Cost \u2014 Reps<\/strong><\/p>\n<p>\u201cYou compare it to the population growth rate in Nigeria. Our population growth rate today is about 2.5, so if you look at a 2.5 population growth rate relative to a 3.76 GDP growth, it tells you immediately that this is not a budget of hope, it is a budget of coasting along. Let us just coast along for now.<\/p>\n<div class=\"code-block code-block-7\" style=\"margin: 8px auto; text-align: center; display: block; clear: both;\">\n<div data-advadstrackid=\"890536\" data-advadstrackbid=\"1\" class=\"infor-target\" id=\"infor-624674933\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/12\/300x250b.gif\" alt=\"\" width=\"300\" height=\"250\"\/><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A business advisory consultant, Wole Ogundare, on Saturday, revealed that the 2024 budget proposed by President Bola Tinubu does not inspire hope when the projected GDP growth rate is compared to the population growth rate. Ogundare led this out during an interview on Channels TV, where he tagged the appropriation \u2018budget of coasting along.\u2019 He [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":126882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-126881","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigeria-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>&quot;There\u2019s Nothing Hopeful Around Proposed 2024 Budget&quot; \u2013 Business Expert - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/12\/03\/theres-nothing-hopeful-around-proposed-2024-budget-business-expert\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&quot;There\u2019s Nothing Hopeful Around Proposed 2024 Budget&quot; \u2013 Business Expert - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"A business advisory consultant, Wole Ogundare, on Saturday, revealed that the 2024 budget proposed by President Bola Tinubu does not inspire hope when the projected GDP growth rate is compared to the population growth rate. 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