ENUGU, Nigeria (VOICE OF NAIJA)- Obiageli Ezekwesili, the former Minister of Education, has described the 2023 National Budget as “hopeless”.
She made the claim in a post via her verified Twitter handle on Wednesday, adding that it is tragic.
It would be recalled that President Muhammadu Buhari had signed the N21.8 trillion 2023 budget into law on Tuesday.
President Buhari who made the disclosure in a live broadcast said the signing would avoid delay in next year’s budget implementation.
Buhari urged the National Assembly to reconsider the decision on his administration’s N23.7 trillion ‘ways and means’ loan request.
However, Ezekwesili noted that the budget has a deficit larger than revenue by almost N12.00 trillion, describing it as tragic.
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…”