PDP criticizes Tinubu’s 2025 budget, urges National Assembly on amendment
The Peoples Democratic Party (PDP) has criticized President Bola Tinubu’s proposed 2025 budget, labeling it as “anti-people” and lacking solutions to Nigeria’s pressing challenges.
In a statement by the party’s National Publicity Secretary, Debo Ologunagba, the PDP expressed concerns that the N47.9 trillion budget proposal would exacerbate poverty, insecurity, and economic hardship.
The party also raised questions about the budget’s transparency, noting the President’s failure to disclose the capital and recurrent expenditure profiles.
The PDP highlighted the potential negative effects of the budget, including increased taxes, worsening unemployment and inflation, further depreciation of the Naira, and deeper economic struggles for millions of Nigerians.
The party criticized the lack of significant allocations to key sectors such as agriculture, electricity, petroleum, and small and medium enterprises—areas it described as crucial for economic recovery and development.
The party also condemned what it termed “bogus” claims in President Tinubu’s budget address, including unverified economic performance statistics and unrealistic promises to reduce inflation and improve the value of the Naira without clear strategies.
It accused the administration of insensitivity toward the plight of Nigerians and of failing to address key issues such as fuel prices, electricity tariffs, and food costs, which have risen sharply under Tinubu’s government.
With the budget’s N13 trillion deficit and N15.8 trillion allocated for debt servicing, the PDP warned that the financial gap would likely be bridged by imposing more taxes and levies on already struggling citizens and businesses.
The party described this as an unsustainable approach that would shrink the business environment, discourage investment, and worsen the nation’s economic outlook.
The PDP has urged the National Assembly to reject the budget in its current form and use its legislative authority under the 1999 Constitution to amend the proposal.
The party called for adjustments that would prioritize the economy’s growth and the welfare of Nigerians, ensuring a budget that serves the people rather than deepening their struggles.
(AFRIPOST)
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