A former Minister of Education, Obiageli Ezekwesili, has described the just passed 2023 National budget, as “hopeless”.
She wrote, “This is the summary of the HOPELESS Budget @MBuhari signed into law yesterday:
“Total Expenditure is N21.83 trillion.
“Total Revenue N9.73 trillion!
“The Budget has a deficit larger than revenue by almost N12.00 trillion! Tragic.
“You all better get your PVCs ready because…”
Buhari had signed the 2023 transition budget Tuesday morning at the Council Chambers of the Presidential Villa, Abuja, in the presence of Vice President Yemi Osinbajo, Senate President Ahmad Lawan, Speaker of the House of Representatives, Femi Gbajabiamila, and other members of the Federal Executive Council.
At the ceremony, the President said his regime would speed up critical infrastructure projects nationwide as it raced toward the finish line on May 29, 2023.
He explained that the budget is N21.83 trillion aggregate expenditure, an increase N1.32 trillion over the initial executive proposal of N20.51 trillion. It is the eighth and final budget of Buhari’s regime.