Reject Tinubu’s budget now – PDP tells National Assembly
The Peoples Democratic Party (PDP) has asked the National Assembly to reject the 2024 budget proposal presented to it by President Bola Tinubu. The party called the budget a “huge disservice” and a “dishonest and deceptive” document that will further plunge the nation into economic depression.
The PDP accused the president of padding the budget with “heavily padded figures, duplicated items and several false statistics” and of failing to include concrete measures to revive the economy, create jobs, or address the comatose manufacturing and productive sectors.
The party also criticized the president’s decision to adopt a fixed exchange rate of N750 per US dollar, calling it a “defeatist” and “deceptive” move that will further weaken the Nigerian economy.
The PDP called on the National Assembly to reject the budget and instead focus on creating a “budget of hope and renewal” that will benefit the Nigerian people. The opposition party alleged that the budget was filled with “heavily padded figures” and “duplicated items.” Equally alleging that the budget includes several “false statistics,” the PDP said President Tinubu’s claims of a global increase in inflation rate lacked evidence.
The budget is designed to “further mortgage our nation and strangulate the already impoverished Nigerians,” the PDP said, adding that it was “unsustainable and unrealizable” in view of the stated outstanding debt and proposed borrowing.
Ousted by the ruling All Progressives Congress in 2015, the PDP which ruled the country for 16 years said the budget lacks “concrete and verifiable action plans” to revive the manufacturing, energy, agricultural, and education sectors.
The party added that Tinubu’s decision to adopt a fixed exchange rate of N750 per US dollar is a “clear admission of failure, incapacity and lack of direction” by the APC administration.
