The 2023 National budget has drawn criticism from a former minister of education, Obiageli Ezekwesili, who called it “hopeless.” The 2023 Budget of N21.83 trillion and the 2022 Supplementary Appropriations Bill were signed into law by President Major General Muhammadu Buhari (retired), according to The PUNCH.
In the Council Chambers of the Presidential Villa in Abuja, Vice President Yemi Osinbajo, Senate President Ahmad Lawan, Speaker of the House of Representatives Femi Gbajabiamila, and other Federal Executive Council members witnessed Buhari’s signing of the 2023 transition budget. Speaking at the ceremony, the President pledged that it would expedite important infrastructure projects nationally as his administration hurriedly approached the finish line on May 29, 2023.
He pointed out that the budget’s total expenditures total N21.83 trillion, up N1.32 trillion over the initial executive proposal’s N20.51 trillion. The budget is Buhari’s ninth and final one. Ezekwesili criticized the budget deficit in her response to the budget on Wednesday via her Twitter page, stressing that it was crucial that Nigerians obtain their Permanent Voter Cards.
This is the summary of the HOPELESS Budget @MBuhari signed into Law yesterday:
Total Expenditure is N21.83 Trillion.
Total Revenue N9.73 Trillion!
The Budget has a Deficit larger than Revenue by almost N12.00 Trillion!
You all better get your PVCs ready because….✍🏾
— Oby Ezekwesili (@obyezeks) January 4, 2023
According to the former minister, she “foresaw this historical mess-up of our public finance” and always consistently spoke up but was constantly clowned by praise singers of the ruling government, stating that the country now has “a full-blown Debt Crisis on our hands.”