The Coalition of United Political Parties, CUPP, has described the 2023 budget proposal by President Muhammadu Buhari as one with unrealistic projections.
The coalition of the nation’s opposition political parties also described the budget as being “high in sound, lacking in substance and as empty as the government that presented it.”
“There is absolutely nothing in the budget that excites and instigates growth of the economy or even developmental activities and nothing to encourage foreign direct investment. The statement added:”How can a government whose first full budget in 2016 was just N6.06 Trillion justify and celebrate over N20 trillion budget in 2023,noting that the indices were still the same. It all about padding, borrowing, shortfall in revenue generation and visionless implementation which has not meant well for Nigerians and for which the government really has nothing to show.”
He accused the APC of “presenting such a budget so as to enable it to loot the money since most of the money is tied to consumables and recurrent expenditure which is easy to loot.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Muhammadu Buhari’s speech at 2023 budget presentation – full textPresident Muhammadu Buhari on Friday presented the 2023 budget proposal to a joint session of the National Assembly.
Read more »
2023 Budget: Buhari proposes N470bn for universities, other tertiary institutionsMr Buhari says the government has “provided a total of N470.0 billion in the 2023 budget from our constrained resources, for revitalization...
Read more »
FULL SPEECH: Buhari's last Budget Presentation as PresidentI am very pleased to be here today to present the 2023 Budget Proposals at this Joint Session of the National Assembly. This is the last time I will be laying the budget of the Federal Government of Nigeria before the National Assembly.
Read more »
FG earmarks N470bn for ASUU as Buhari proposes N20.51trn budget for 2023The federal government has earmarked N470 billion for revitalisation and salary enhancement in tertiary institutions in the 2023 budget proposal.
Read more »
Newspaper Headlines: Experts fault Buhari's borrowing plan in 2023 budget | TheCableThe presentation of the 2023 budget proposal to the national assembly by President Muhammadu Buhari dominated the cover pages of Nigerian newspapers
Read more »
No capital spending boost as Nigeria's budget crosses ₦20 trillion markThe government proposes the same budget for developmental projects in 2023 as this year, while other subheads get big increases.
Read more »