Former Minister of Education, Oby Ezekwesili, has described the 2023 Appropriation Act as a “hopeless budget”.
President Muhammadu Buhari had on Tuesday, signed the 2023 Budget of N21.83 trillion into law.
In a series of tweets on Wednesday, the former Education Minister noted that the budget has an expenditure, way bigger than revenue generation with N12 Trillion.
According to her, “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.
“This is the summary of the HOPELESS Budget @MBuhari signed into Law yesterday.”
Ezekwesili said she foresaw the “historical mess-up” of Nigerian Public Finance by the Federal Government under Buhari and persistently spoke up.
“I foresaw this historical mess-up of our Public Finance by the @NigeriaGov of @NGRPresident @MBuhari and persistently spoke up. At all times, the Government and its praise singers replied my data-based criticisms with attacks. Now a full-blown Debt Crisis is on our hands. Sad.”
“Recall that one of the cardinal plans of the Presidential Candidate of the @OfficialAPCNg is “to delink Expenditure from Revenue” and some of you were like.
“Better know that from the current state of our Public Finance, APC @NigeriaGov has already done so. Get and use your PVCs,” she wrote.