Coalition of United Political Parties (CUPP) has punctured the 2025 Budget proposal of N49.7trn presented to the National Assembly by President Bola Ahmed Tinubu for passage into law, saying it might be the worst so far by any government in the country, just as it quickly noted that the implementation would prove even more challenging.
It would be recalled that President Tinubu presented the 2025 Budget estimate on Wednesday to the joint session of the 10th National Assembly presided over by the Senate President, Senator Godswill Akpabio, for passage into law.
Spokesperson of CUPP, Comrade Mark Adebayo, said this in reaction to the said budget, recalling sadly that over the years, successive Nigerian governments’ ritual of annual budget presentations had always been a shadowy business and bundles of contradictions.
CUPP said Nigerians should not have any high expectations in the areas of economic recovery or inflation reduction as indicated in the budget proposal by the president, declaring pointedly that the proposal “doesn’t promise much” even before its implementation.
According to Adebayo, whatever little promises embedded in the budget proposal are a mere optical illusion, saying this is because it was coming with factory-fitted anomalies that cannot be fixed easily, if possible at all.
“Over the years, successive Nigerian governments’ ritual of annual budget presentations has always been a shadowy business and bundles of contradictions.
“The 2025 appropriation Bill (Budget proposal) submitted on Wednesday to the national assembly by President Bola Tinubu might be the worst so far. The implementation will prove even more challenging.
“Nigerians should not have any high expectations in the areas of economic recovery or inflation reduction. This is because even before the budget cycle begins to be implemented, it doesn’t promise much. Whatever little promises embedded in it are a mere optical illusion.
“I say this because the budget is coming with factory-fitted anomalies that cannot be fixed easily, if possible at all,” he said.
Speaking further, the CUPP chieftain said nothing good can come from a budget with a projected deficit of N13.39trillion which was to be financed through borrowing, describing such as a budget of continuous slavery and exacerbated poverty in a country that “has already overborrowed as it stands today.”
Adebayo described the current situation as alarming, saying that it only goes to show that those currently in power at the center have no business being in government at all.
“Nothing good can come from a budget with a projected deficit of N13.39 Trillion Naira which is to be financed through borrowing. That’s a budget of continuous slavery and exacerbated poverty. Nigeria has already overborrowed as it stands today. It is tragic that this government lacks any creative idea to finance the budget other than borrowing. This is alarming, to say the least.
“It only goes to show that those currently in power at the center have no business being in government at all,” he said.
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