Atiku seeks boost in health, other sectors, faults budget review

Atiku Abubakar

Former Vice President Atiku Abubakar has faulted the review of the 2020 budget by the Federal Government.

In a statement on Thursday, he noted that the government slashed the budget by 0.6 per cent, representing a reduction of N71 billion.

Atiku decried the inability of the nation to expand its revenue base through the non-oil sector, especially in the period when the price of crude oil was plunging.

He asked the government to prioritise the welfare of the citizens and be realistic in its review of the budget amid the coronavirus (COVID-19) pandemic.

The former presidential candidate called for the reduction of the money allocated for the travels and feeding of the President and Vice President, adding that the budget for the renovation of the National Assembly should be scrapped.

According to him, the budgets to run the Presidency and the Legislature must be downsized as any budget reduction that is less than 25 per cent will not be in the interest of the country.

Atiku also asked the government to sell at least eight of the jets in the Presidential Air Fleet, reduce the salaries of political appointees, but leave the salaries of civil servants.

He stressed the need for a budget realignment and invest in critical sectors of the economy such as health, education, and infrastructure, among others.

Below is full text of his statement:

Nigeria cannot afford luxuries during an austerity

It is to my consternation that despite the crash in the price of oil, and the inability of Nigeria to expand our revenue base through the non-oil sector, the Federal Government of Nigeria has only seen fit to slash our budget by a mere 0.6%, from ₦10.594 trillion to ₦ 10.523 trillion. This represents a reduction of only ₦71 billion.

Putting politics aside, this is grossly insufficient and betrays the fact we have lost touch with the current realities in the global political economy.

For the avoidance of doubt, when this budget was presented to the National Assembly on Tuesday, October 8, 2019, it was predicated on a projection that our nation would generate crude oil production of 2.18 million barrels a day, at an expected oil price of $57 per barrel.

Today, that is no longer the case. Both our production, and the price of oil have been severely affected by the coronavirus pandemic, to the extent that we have unsold vessels, and our income has tanked by more than 50%.

Given that this is the case, how can anyone justify a reduction in expenditure of just 0.6%? We cannot be the only nation bucking the trend.

Saudi Arabia, a nation with a much stronger production capacity than ours and with a larger global market share, as well as foreign reserves that are 12 times ours, has slashed her budget by almost 30%. Ditto for other oil economies.

Nigeria cannot make up for the loss of expected revenue by taking out more loans and issuing out more bonds. Debt will be the death of our economy and bonds will put our people in bondage.

The best way out of this economic quagmire is to reduce our expenditure. And a 0.6% reduction is no reduction. It is only window dressing.

My counsel to the Federal Government of Nigeria is this: put Nigerians first and cut your coat, not according to your size, but according to your cloth.

Realistically slash the budget. Every pork barrel has to go. The billions budgeted for the travels and feeding of the President and Vice President has to be reduced.

The ₦27 billion budget for the renovation of the National Assembly has to go. The massive budgets to run both the Presidency and the Legislature has to be downsized.

The budget for purchasing luxury cars for the President, his vice, and other political office holders must be jettisoned. Leave the salaries of civil servants alone, but reduce the salaries of political appointees. Sell 8 or 9 of the jets in the Presidential Air Fleet.

Any budget slash that is less than 25% will not be in the interest of Nigeria. And beyond a budget slash, Nigeria needs a budget realignment, to redirect expenditure away from running a massive bureaucracy, into social development sectors like education, infrastructure, and above all, healthcare.

We must invest in the goose that lays the golden egg – the Nigerian people.

These are the types of sacrifices that we need in a time of crisis. We do not need empty gestures that will lead to empty treasuries.

In times of austerity, no nation, not the least a mono-product economy, such as ours, should be living in luxury at a leadership level.

Atiku Abubakar

Vice President of Nigeria, 1999-2007.

Abuja

14th May 2020
~Channels tv
Share on Google Plus

About Newsmart

3 comments:

  1. This is to inform the general public that individuals can order Dan-gote3xCement directly from the factory at a promo price of 1300 Naira per bag and Rice for 10,000 naira per bag. Transportation and offloading is 300 Naira,minimum for purchase is from 100 bags and above. kindly contact Dangote Group Marketing Manager Alhaji Shehu Abubakar ON O 8 1 3 3 5 4 9 O 5 5 for booking and delivery. Note-Delivery takes two days and it’s nationwide.When Strength matters,Choose 3X.Also order your foreign used heavy equipment(DREDGER,EXCAVATOR,HEAVY DUTY TRUCK AND CONCRETE MIXER ) at the best prices and with a high performance quality.PLEASE TELL OTHERS ABOUT THIS WINDOW OF OPPORTUNITY

    ReplyDelete
  2. AFRO DATE ORG//ADD US ON WHATSAPP +2348107906879
    AFRO DATE AGENCY(08107906879)
    GET CONNECTED TO THE MOST RICHEST SUGAR MUMMIES, SUGAR DADDIES, GAYS & LESBIAN CONNECTION SERVICES BALOGUN JOSEPH... 08107906879
    WE HAVE CONNECTION IN ALL THE STATE IN NIGERIA, GHANA, COTONOU, TOGO, CAMEROUN, IVORY COAST AND SOUTH ffAFRICA, WE ALSO HAVE SERVICES IN BOTH EUROPE AND AMERICAN COUNTRIES SUCH AS USA, UK, GERMANY, BRAZIL, HOLLAND, CANADA, MALAYSIA AND SOME OTHER OVERSEA COUNTRIES, MAXIMUM SECURITY IS GUARANTEE FROM ANY SERVCE WE GIVE TO YOU ,this is a 1st class dating Organisation, registered, licenced, we have top class people, both men and women, boys and girls, looking for opportunity to mingle and be friends, we have high class and rich sugar mummies, sugar daddies and lesbian single ladies and mummies, who are top shots, the likes ofpoliticians, directors, bankers, managers, executives, enterpreneur, oil barons, we have clients outside nigeria in Uk, South Africa, Ghana, Beninrepublic, Dubai, Usa.Metrodate has track records of providing you with the elite money clients in our organisation, peolpe willing to assist you financially, help you in procuring contracts, job Opportunities, business opportunity and even assisting you above your limit, we remain reliable, capable at what we do and we remain the only registered Dating Agency in Nigeria, rated number 1 by google and also awarded by Ovasion magazine and naija entertainment for best coordinated and secure dating agency and the only agency registered on Vconnect in Nigeria, with track records of testimonies on our website and the only agency with a Facebook like page and a personal Facebook with office in Abuja and office in Tamale ghana, we have clientsLagos, Abuja, Calabar, port, Benin, Delta, Ibadan, Kwara, Jos, Kaduna, Osun, Lokoja, Enugu, Anambra, Imo and also in Benue state, we look forward in meeting you at our office and offering you a 1st class reliable service with guaranteed outcome, you are also advised to check us upVanguardonline, Thisday, ekolist, hint, and also on the lagos city magazine, we have qualified hands that can assist you in your request and if you want singles relationship within your age range that might lead to relationship and even marriage its practically free on the website just go and create a free profile for yourself, but if you want our advance services such as sugar mummies and daddies its only for registered members only, we also assist you in getting Fashion jobs, modeling jobs, ushering jobs and also helping you and training you in being a brand ambassador.welcome to LOVE CONNECT SUGAR MUMMY AGENCY were your dreams can be realised, and heaven help those who help themselvesStart calling its your chance dial 08107906879 - for Nigerians onlyinternational calls only +2348107906879,Facebook id--Balogun Kunle Joseph
    Official Magazine---loveconnection Magazine
    Mobile Phone NUmber--08107906879

    ReplyDelete
  3. AFRO DATE ORG//ADD US ON WHATSAPP +2348107906879
    AFRO DATE AGENCY(08107906879)
    GET CONNECTED TO THE MOST RICHEST SUGAR MUMMIES, SUGAR DADDIES, GAYS & LESBIAN CONNECTION SERVICES BALOGUN JOSEPH... 08107906879
    WE HAVE CONNECTION IN ALL THE STATE IN NIGERIA, GHANA, COTONOU, TOGO, CAMEROUN, IVORY COAST AND SOUTH ffAFRICA, WE ALSO HAVE SERVICES IN BOTH EUROPE AND AMERICAN COUNTRIES SUCH AS USA, UK, GERMANY, BRAZIL, HOLLAND, CANADA, MALAYSIA AND SOME OTHER OVERSEA COUNTRIES, MAXIMUM SECURITY IS GUARANTEE FROM ANY SERVCE WE GIVE TO YOU ,this is a 1st class dating Organisation, registered, licenced, we have top class people, both men and women, boys and girls, looking for opportunity to mingle and be friends, we have high class and rich sugar mummies, sugar daddies and lesbian single ladies and mummies, who are top shots, the likes ofpoliticians, directors, bankers, managers, executives, enterpreneur, oil barons, we have clients outside nigeria in Uk, South Africa, Ghana, Beninrepublic, Dubai, USA, AfroDate has track records of providing you with the elite money clients in our organisation, peolpe willing to assist you financially, help you in procuring contracts, job Opportunities, business opportunity and even assisting you above your limit, we remain reliable, capable at what we do and we remain the only registered Dating Agency in Nigeria, rated number 1 by google and also awarded by Ovasion magazine and naija entertainment for best coordinated and secure dating agency and the only agency registered on Vconnect in Nigeria, with track records of testimonies on our website and the only agency with a Facebook like page and a personal Facebook with office in Abuja and office in Tamale ghana, we have clientsLagos, Abuja, Calabar, port, Benin, Delta, Ibadan, Kwara, Jos, Kaduna, Osun, Lokoja, Enugu, Anambra, Imo and also in Benue state, we look forward in meeting you at our office and offering you a 1st class reliable service with guaranteed outcome, you are also advised to check us upVanguardonline, Thisday, ekolist, hint, and also on the lagos city magazine, we have qualified hands that can assist you in your request and if you want singles relationship within your age range that might lead to relationship and even marriage its practically free on the website just go and create a free profile for yourself, but if you want our advance services such as sugar mummies and daddies its only for registered members only, we also assist you in getting Fashion jobs, modeling jobs, ushering jobs and also helping you and training you in being a brand ambassador.welcome to LOVE CONNECT SUGAR MUMMY AGENCY were your dreams can be realised, and heaven help those who help themselvesStart calling its your chance dial 08107906879 - for Nigerians onlyinternational calls only +2348107906879,Facebook id--Balogun Kunle Joseph
    Official Magazine---loveconnection Magazine
    Mobile Phone NUmber--08107906879
    Afro Date Service Team. 2020. All rights reserved

    ReplyDelete