Former Central Bank Governor, Prof. Charles Chukwuma Soludo has accused President Muhammad Buhari of not bringing anything new to former budgets created by Goodluck Jonathan and his economic team.
“The present budget is a carbon copy of the one by Jonathan’s government.” He added that defeating old bad ideas could be better that initiating new ones.
He said this while speaking at the 13th Daily Trust Dialogue in Abuja on Thursday.
The Buhari administration has been accused of secretly withdrawing the 2016 budget
from the floor of the National Assembly in order to replace it with a watered down version that sought to replace the many “old bad ideas”.
“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 project,” Prof. Soludo stressed.