Prof. Charles Soludo has described the 2016 budget presented by
President Buhari as a replica of the one by former president Goodluck
Jonathan. The former governor of Central Bank of Nigeria (CBN)
stated
this while speaking at the 13th Daily Trust Dialogue in Abuja, on Thurs
Jan 14.
"The present budget is more of the same to the previous ones. Mr. Vice
President Prof. Yemi Osinbajo, If you scale your budget on the scale of
GDP, it is almost the same with the previous government,"
"It has a historic 37% deficit as we never had it before. The truth is
that you are borrowing 37% with only 30 per cent on capital projects",
"To craft the new agenda, we must defeat the old agenda. We cannot make
progress in the country with the tools and agenda of the old," Soludo
said
He added that the APC-led government was over-following the fall in the
price of crude oil globally
and further advised the present administration of the need to evolve a
coherent economic plan and agenda as well as the right political
architecture, stressing that anything less than this would mean that the
leaders are building on a quicksand.
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