This call is coming despite the N6 trillion deficit of the 2022 budget for which the Buhari administration has planned to fund through local and international borrowing that will further increase the debt profile of the country.
He said the N134 billion allocated to the federal legislature represents about 0.82 per cent of the entire N16.39 trillion budget. He stated that the executive did not consider the exchange rate and purchasing power of the Naira.“If you do a proper analysis of statutory transfers for 2022, you will be seeing N768.28 billion and this is an increase of about 58.7 per cent from the last one which was about N484.49 billion, which means that what was added to it was N283.79 billion.
“Many people would ask, ‘are you saying that the money is not enough?’ That is the truth. If you look at the committees and their responsibilities – the work they need to do, they need money to do it and the purchasing power of the money has gone low.
Sell the country instead so this madness can stop.
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