Buhari In Dilemma Over N10.7 Trillion Appropriation Bill Presented To NASS

Published 1 week ago by: Adegbenga Ayinla
at 02:42 PM, 9/10/2019 (1 week ago)

(2085 | Gistmaniac) (m)


Reno Omokri, former aide to ex-President Goodluck Jonathan, on Wednesday faulted the 2020 budget President Muhammadu Buhari presented to the joint session of the National Assembly, yesterday.
However, Omokri, who faulted the budget, insisted that Buhari was mortgaging the future of Nigeria.
In a series of tweets, the former presidential aide lamented that N2.45trn was set aside for debt servicing.
According to Omokri:
Quote
“To show how much General @MBuhari has spent your future away, consider that in his budget, DEBT SERVICING takes ₦2.45trn, which is more than capital expenditure of ₦2.14trn. Mind you, debt servicing is paying interest on the debt, not repaying the debt.
“General @MBuhari is spending more on DEBT SERVICING (paying interest on debt) than CAPITAL EXPENDITURE because he more than doubled Nigeria’s debt from ₦11 trillion in 2015, to ₦24 trillion today. Buhari is a locust. He CONSUMES without PRODUCING.
“General @MBuhari’s 2020 budget adopted an exchange rate of ₦305 to $1. Manufacturers, ordinary Nigerians and smaller and medium scale enterprises don’t get it at that rate. Buhari rather gives it to pilgrims to Mecca and his cronies, like Nasir Danu.#BuharisLifelessBudget.”

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Brave5500 at 03:29 PM, 9/10/2019 (1 week ago)
(794 | Upcoming) (m)

Buhari is a clone this nonsense will not continue.... Grin Sad Shocked
Reply
trulyval at 03:31 PM, 9/10/2019 (1 week ago)
(360 | Upcoming) (m)

Hmmm Huh?, which way Nigeria? Cry
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