Atiku picks holes in 2019 budget

Atiku picks hole in 2019 budget
Atiku Abubakar. PHOTO CREDIT: DW

Former Vice President Atiku Abubakar, has picked holes in the 2019 budget proposal presented to a joint session of the National Assembly by President Muhammadu Buhari last Wednesday. 

Abubakar, who is the presidential candidate of the People’s Democratic Party (PDP), on Sunday said the budget proposal was fundamentally flawed and failed to address current realities in the country.

Atiku said the N8.83 trillion budget was built on a “very shaky foundation” and contained several inaccurate claims.

According to the PDP flag bearer, “The proposed budget as presented is fundamentally flawed. It deliberately ignores and fails to address current realities and pretends, as Mr. President asserts, ‘we are on the right direction’.

“On the contrary, the 2019 budget is built on very shaky foundation and makes very generous, often wild and untenable assumptions which pose significant risks to its implementation. It will be a disservice to the country if we ignore these fundamental flaws.

“Several inaccurate claims litter the budget document – all, I think, in an attempt for Mr. President to whitewash the regime and hide their monumental failure to improve, even minimally, the welfare and living standards of much of the population. I see the rhetoric of ‘inclusive, diversified and sustainable growth’ as no more than an amplification of the APC-led government’s renewed propaganda to hoodwink the citizens into believing that there is ‘light at the end of the tunnel’.

“Few of these claims by Mr. President are that ‘we have recorded several successes in economic management’, that ‘the economy has recovered from recession’, that ‘foreign capital inflows including direct and portfolio investments (have) responded to improved economic management and that ‘we have had a sustained accretion to foreign exchange reserves’ etc.”

The former Vice President said the 2019 proposed budget will not pull Nigeria from the abyss but may rather accentuate the misery and hopelessness the Nigerian people have lived with since 2015. 

He said if elected, his presidency come 2019 will present “a people’s budget that will prioritize and focus on the twin challenges of unemployment and poverty”.   

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