PDP Slams Tinubu’s 2024 Budget as ‘Deceitful, Strangulating, and Hopeless

PDP Slams Tinubu's 2024 Budget as 'Deceitful, Strangulating, and Hopeless

The proposed N27.5 trillion budget for 2024 by President Tinubu has faced strong criticism from the Peoples Democratic Party (PDP), which deems it “deceptive, strangling, and hopeless.” The party accuses the budget of lacking tangible measures to revive the economy, generate employment, and address the country’s economic challenges.

According to PDP spokesperson Debo Ologunagba, the budget relies on foreign loans and increased taxes on Nigerians, potentially further burdening the nation and negatively impacting the impoverished citizens. The PDP also denounces the budget for neglecting to address key sectors such as manufacturing, energy, agriculture, and education.

Ologunagba emphasizes the absence of concrete action plans for these vital sectors, asserting that the Tinubu-led APC government appears disconnected from the reality faced by Nigerians.

The PDP expresses concern over the government’s adoption of a N750 per US dollar exchange rate, labeling it a “defeatist” policy that could weaken the productive sector, diminish the purchasing power of Nigerians, and hinder the creativity of the youth.

Calling on the National Assembly to reject the budget, the PDP urges lawmakers to introduce provisions promoting economic growth and the welfare of Nigerians. Ologunagba declares that the 2024 budget, as presented by President Tinubu, signifies hopelessness for Nigerians, criticizing the lack of alignment with the president’s constitutional duty to provide for the security and welfare of the people.

President Tinubu had earlier presented the 2024 Appropriation Bill to the National Assembly, outlining priorities centered around national security, job creation, economic stability, human capital development, poverty reduction, and social security under the theme “Budget of Renewed Hope.”


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