Last week, President Muhammadu Buhari submitted the last budget of his administration, a historic figure of N20.51 trillion for the 2023 fiscal year. The
Last week, President Muhammadu Buhari submitted the last budget of his administration, a historic figure of N20.51 trillion for the 2023 fiscal year.
Despite the promises by President Buhari that these assets would be sold, DAILY POST reports that the several attempts have not produced results. Not only has the budget continued to increase under Buhari, but the cost of governance has increased tremendously. For instance, N1.8 trillion was voted for personnel costs in 2015 for the entire government, however, in 2023 N1 trillion is proposed for the Ministry of Defence alone for personnel costs.
In the last 7years of President Buhari, cost of governance and debt servicing continue to grow exponentially despite the promises he made to curtail the cost of governance. The spike is so alarming the members of the House of Representatives in different committees have raised alarm on several occasions.
Amiemenoghena Ami-Okhani, an expert on fiscal policy, said Mr Buhari made some little efforts in reducing the cost of governance in 2015 by reducing his number of Ministers, downplaying the office of the First Lady and other measures.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Buhari Presented An Illegal Budget For 2023 —African Action Congress Presidential Candidate, Sowore | Sahara ReportersOmoyele Sowore, the presidential candidate of the African Action Congress (AAC) has described the 2023 budget presented by President Muhammadu Buhari as illegal. President Muhammadu Buhari presented a N20.5 trillion 2023 budget to the joint National Assembly legislature last week. Meanwhile, Sowore, while reacting to the deficit in the budget during his speech at the national conference organised by the Institute of Chartered Accountant of Nigeria (ICAN) on Wednesday, explained how the 2023 budget breached the constitutional provisions and other enactments.
Read more »
Lagos Govt Probes Footage Of Rico Swavey's Last Moments In HospitalThe Lagos State government has commenced an investigation on the unethical filming of the late BigBrother Naija housemate, Rico Swavey, by persons suspected
Read more »
Reopen Obajana cement plant, FG tells KogiThe National Security Council on Friday demanded the reopening of the Obajana cement plant shut by the Kogi State Government last week.
Read more »
BREAKING: Security council orders Obajana plant reopeningThe National Security Council has ordered the reopening of the Obajana cement plant shut down by the Kogi State Assembly last week.
Read more »