The Peoples Democratic Party (PDP) has slammed President Bola Tinubu’s 2025 budget proposal, describing it as “hopeless” and “anti-people”.
In a statement, the party’s National Publicity Secretary, Debo Ologunagba, expressed concerns that the budget will lead to increased insecurity, poverty, and hopelessness in Nigeria.
The PDP asserts that the budget fails to provide meaningful investments in critical sectors such as agriculture, electricity, petroleum and gas, and Small and Medium Scale Enterprises.
President Tinubu’s claims of an 85% performance rate for the 2024 budget and improved economic growth under his administration have been dismissed as “bogus” and “ludicrous”.
The party notes that the President failed to disclose the Capital and Recurrent profiles of the 2025 budget, raising concerns about transparency in government spending. According to PDP, the proposed budget will allegedly lead to increased taxes, further depreciation of the Naira, worsened unemployment and inflation rates, and push millions more Nigerians into poverty.
The PDP, therefore, calls on the National Assembly not to pass the 2025 budget as presented but to activate its legislative powers to rejig the budget and make provisions that are critical and pivotal to the growth of the economy and the welfare of Nigerians.
The statement reads:
