Connect with us

Hi, what are you looking for?

News

2020 Budget Will Impoverish Nigerians – PDP

The Peoples Democratic Party (PDP) has urged the national assembly to redirect the 2020 budget to areas that would better serve the interest of majority of Nigerians.

Kola Ologbondiyan, national publicity secretary of the party, gave the advice in a statement on Tuesday.

President Muhammadu Buhari had presented a N10.33 trillion budget to the joint session of the national assembly.

But Ologbondiyan said the budget mortgage the future of the nation.

“The core of the budget remains hazy, showing streaks of padding, duplication, replete with false performance indices, deceptive projections and inexplicable expenditure assertions,” he said.

“The budget is skewed to serve the interest of the opulent, as projects that have direct bearing on the well-being of the masses were not substantially accommodated in the overall expenditure profile.”

Ologbondiyan also criticised what he referred to as allocations for “vague projects”, particularly the ministries of works and housing as well as transportation, where according to him there were of diversion of public funds in the last budget.

While works and housing got N262 billion, 123 billion was allocated to the ministry of transportation.

He added that his party was “standing with millions of Nigerian youths and women to reject 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.”

_____

Follow us on Twitter at @thesignalng

Copyright 2019 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to www.signalng.com and other relevant source.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Related

News

Nigerians are still bearing the effects of the policies of ex-President Muhammadu Buhari, Adams Oshiomhole, senator representing Edo North Senatorial District, has said. Some...

News

Muhammadu Buhari, has said that he deliberately refused to release his West African Senior School Certificate (WASC) in 2015 when he took over power...

News

Femi Adesina, former spokesman to former President Muhammadu Buhari has revealed that the president’s plane nearly crashed with him and his aides in November...

News

Former President Muhammadu Buhari has said that he was happy when incumbent President Bola Tinubu jetted up the petrol pump price on May 29,...

Copyright ©