Previous Vice President, Atiku Abubakar has given words to the executives that the 2021 proposed financial plan is not, at this point reasonable.
He expressed that Nigeria is poor and can't bear the cost of the rich things in the N13.08 trillion spending proposal.
The advice comes in as Nigeria stepped into a second recession in 5 years following 2 progressive negative quarters development.
Atiku in a Twitter string on Sunday expressed that COVID-19 only complicated an existing economic problem in the country.
“We cannot afford hand wringing and navel-gazing. We must act now, by taking necessary, and perhaps painful actions.
"For a start, the proposed 2021 budget presented to the National Assembly on Tuesday, October 8, 2020, is no longer tenable.
“Nigeria neither has the resources nor the need to implement such a luxury heavy budget. The nation is broke, but not broken. However, if we continue to spend lavishly, even when we do not earn commensurately, we would go from being a broke nation to being a broken nation.
“Until our economic prospects improve, Nigeria ought to exclusively focus on making budgetary proposals for essential items, which include reasonable wages and salaries, infrastructural projects, and social services (citizenry’s health, and other human development investments).”
The different boards of trustees of the National Assembly are as yet taking a shot at the spending plan.
