Former governor of the Central Bank of Nigeria (CBN), Charles Soludo
has stated that the 2016 budget presented by President Muhammadu Buhari
was almost the same as the one presented by his predecessor, Goodluck
Jonathan.
According to Soludo, the present budget was a carbon
copy of the one by Jonathan’s government, adding that defeating old bad
ideas could be better that initiating new ones.
He said this while speaking at the 13th Daily Trust Dialogue in Abuja on Thursday.
“The present budget is more of the same to the previous ones. Mr. Vice President [Prof. Yemi Osinbajo], If you scale your budget on the scale of GDP, it is almost the same with the previous government.
“It has a historic 37% deficit as we never had it before. The truth is that you are borrowing 37% with only 30 per cent on capital project,” Prof. Soludo stressed.
He said this while speaking at the 13th Daily Trust Dialogue in Abuja on Thursday.
“The present budget is more of the same to the previous ones. Mr. Vice President [Prof. Yemi Osinbajo], If you scale your budget on the scale of GDP, it is almost the same with the previous government.
“It has a historic 37% deficit as we never had it before. The truth is that you are borrowing 37% with only 30 per cent on capital project,” Prof. Soludo stressed.
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