BY VICTOR BUORO, ABUJA – The Peoples Democratic Party (PDP) on Tuesday took a critical study of the 2020 Budget proposal as present to the Joint Session of the National Assembly saying that the core of the budget remains hazy, showing streaks of padding, fraudulent duplications and replete with false performance indices.
The opposition Party also said that the 2020 budget estimates are deceptive projections and inexplicable expenditure assertions which create openings for continued looting of the national patrimony by leaders of the All Progressives Congress (APC) and persons close to the Presidency.
This is as the PDP challenged the Presidency to make public the details of allocation to the Presidency for Nigerians to see the billion being spent to finance the opulent lifestyle of the Buhari Presidency, despite Mr. President’s claims of prudence and sacrifice.
The Party while lamenting that the N10.7 trillion 2020 budget presented by President Muhammadu Buhari to the National Assembly will further impoverish Nigerians and mortgage the future of the nation, tasked the National Assembly to redirect the fiscal proposal to serve the interest of majority of Nigerians.
The PDP which stated these in a statement by its National Publicity Secretary, Kola Ologbondiyan stressed that it is inexcusable that despite the huge natural resources at President Buhari’s reach, he articulated a N10.7 trillion budget that is completely lacking in concrete wealth creation strategy but relies on further squeezing of Nigerians through excruciating taxes, levies and agonizing tolls.
Ologbondiyan described as unacceptable that the budget is skewed to serve the interest of the opulent, as projects that have direct bearing on the wellbeing of the masses were not substantially accommodated in the overall expenditure profile.
The opposition PDP said that such cannot happen under the Atiku Abubakar economic recovery blueprint for which Nigerians voted massively the PDP in the 2019 Presidential election.
The party also criticized the Buhari administration for not being transparent in the mammoth allocations for alleged vague projects, particularly the ministries of works and housing as well as transportation, where allegations of diversion of public funds were endemic in the last budget.
Standing with millions of Nigerian youths and women, our party rejects the paltry budgets of N48 billion for education and N46 billion for health and urges the National Assembly to review the allocations in the interest of Nigerians.
Ologbondiyan said; “”Furthermore, the PDP notes, as unacceptable that President Buhari, in his budget speech, could not give account of his handling of the 2019 budget and had to resort to lame excuses and unsupported figures, particularly on the various unimplemented subheads in critical sectors of the economy
“Moreover, Mr. President failed to explain why his administration has remained hugely corrupt and how his Presidency depleted our foreign reserves to an all time low $41,852 billion, accumulated huge foreign and domestic debts and kept the naira at its knees at about N360 to $1USD under his watch.”