Key Points
- PDP calls Tinubu’s 2025 budget anti-people and unrealistic.
- Party warns the budget will worsen insecurity, poverty, and despair.
- PDP urges lawmakers to reject and restructure the proposal.
President Bola Ahmed Tinubu’s N47.9 trillion 2025 federal budget proposal has drawn criticism from the Peoples Democratic Party, which described it as “unrealistic, opaque, and insincere.”
PDP rejects Tinubu’s N47.9 trillion 2025 budget proposal
Debo Ologunagba, the PDP’s national publicity secretary, called the budget anti-people in a statement released on Wednesday and cautioned that its execution will worsen poverty, hopelessness, and insecurity throughout the country.
According to Punch, during a joint session of the National Assembly, Tinubu unveiled the proposed budget for 2025, which included N4.91 trillion for defense and security, N4.06 trillion for infrastructure, N2.48 trillion for health, and N3.52 trillion for education.
The proposal was attacked by the PDP, who said it included unconfirmed economic data and unmet campaign pledges. According to the statement, “The N47.9 trillion 2025 federal budget is an anti-people proposal that, if implemented, will send the country further into poverty, insecurity, and despair.”
The party said that the Tinubu administration had failed to make significant investments in important industries that are essential to stability and economic growth, including small and medium-sized businesses, electricity, petroleum, and agriculture.
The budget’s ambiguity was also challenged by the PDP, especially with reference to capital and ongoing expenses. With its fabricated pledges, inflated performance claims, and unsupported economic facts, the budget address seemed more like campaign rhetoric. The statement went on, “It lacked clear strategies to address insecurity, revive the economy, create jobs, and lower the cost of living.”
Budget neglects key sectors crucial to economic growth
Tinubu’s assertion of an 85% performance rate for the 2024 budget shocked the party, which claimed that no breakdown for capital and ongoing expenses was given.
The PDP also called Tinubu’s claim that the 2025 budget would strengthen the Naira from N1,700 to N1,500 per dollar and lower inflation from 34.6% to 15% “ludicrous.”
The PDP declared, “These projections are nothing more than voodoo economics, with a staggering N134.3 trillion debt and no tangible investment in the productive sector.”
The PDP called on parliamentarians to use their constitutional authority to reorganize the 2025 budget proposal in a way that puts the welfare of residents and economic progress first, and encouraged the National Assembly to reject the budget in its current form.
The statement stated that the National Assembly must make sure that the budget takes into account the actual requirements of Nigerians by include measures that are essential to both social stability and economic revival.’
