Prof. Charles Soludo has described the 2016
budget presented by President Buhari as a replica
of the one by former president Goodluck
Jonathan. The former governor of Central Bank of
Nigeria (CBN) stated this while speaking at the
13th Daily Trust Dialogue in Abuja, on Thurs Jan
14.
"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 projects",
"To craft the new agenda, we must defeat
the old agenda. We cannot make progress
in the country with the tools and agenda of
the old," Soludo said
He added that the APC-led government was over-
following the fall in the price of crude oil globally
and further advised the present administration of
the need to evolve a coherent economic plan and
agenda as well as the right political architecture,
stressing that anything less than this would mean
that the leaders are building on a quicksand.
