From Ndubuisi Orji, Abuja
The Coalition of United Political Parties( CUPP) has said the 2023 Appropriation Bill presented to the National Assembly by President Muhammadu Buhari, on Friday, lacks substance.
The CUPP, in a statement by its spokesman, Ikenga Ugochinyere, said the 2023 budget does not inspire hope, as it is allegedly not design to stimulate economic growth.
Ugochinyere noted that it is clearly obvious that the All Progressives Congress ( APC) led federal government is allegedly not sensitive to the plight of the citizens.
“There is absolutely nothing in the budget that excites and instigates growth of the economy or even developmental activities and nothing to encourage foreign direct investment. It is clear President Buhari presented this budget just because he has to do so.
“How can a government whose first full budget in 2016 was just N6.06 Trillion justify and celebrate over N20 trillion budget in 2023. The indices are still the same. It all about borrowing, shortfall in revenue generation and visionless implementation, which has not meant well for Nigerians and for which the government really has nothing to show.”
“There is no justification for the current debt to revenue ratio which Nigeria operates to propose another N11 Trillion Naira. Already Nigeria has the worst debt to revenue ratio in entire world yet our President wants to borrow an extra N11 Trillion for the APC to use in the prosecution of the 2023 election.
“It is now so obvious that Nigerians have now come to the irreversible conclusion that APC is a plague and will be voted out of power, so that we can rebuild our country otherwise the entire country could go bankrupt and descend into a situation of chaos and anarchy,” he stated.