ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home National

No hope for Nigerians with 2019 budget –Saraki

21st December 2018
in National
0
SARAKI
391
SHARES
1k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

Ndubuisi Orji, Abuja

The Senate President, Bukola Saraki, has said that the 2019 budget presented by President Muhammadu Buhari to a joint session of the National Assembly, on Wednesday, does not offer hope to anyone.

Saraki, who is also the Director General, Peoples Democratic Party(PDP) Presidential Campaign Council, stated this, yesterday, in Abuja, at an interactive session between the PDP presidential candidate former Vice President, Atiku Abubakar, and Civil Society Organisations (CSOs).

The PDP candidate, who had a flight delay, was being expected at the interactive session as at the time of filling this report.

The Senate President said the budget proposal does indicate how it will be funded.

According to him,”yesterday, we all heard the 2019 budget, that is a budget that has no hope for anybody because if you look at the statistics and the figures, there’s poverty, if you look at the figures based on revenues that are coming in… theres nothing left so where’s the future.

“There must be an alternative and that is what we hope that by this evening speaking to our candidate and vice presidential candidate, not based on sentiments , we are not voting on sentiments we are voting on what is the need for you.”

READ ALSO Work for genuine reconciliation, Buhari appeals to APC members

Saraki added:”How is your life going to be better? Which party offers you a better future because we see you as those who are patriotic and committed .

It’s not about what you’ll get today. It’s about the great country a lot of you have been passing that sacrifice over the years.”

The Senate President stated that anyone seeking to lead the country must be able to interact with the people, and expressed doubt if President Muhammadu Buhari would attend the presidential debate scheduled for January 19, 2019.

“This is an interactive session, I am not sure whether the other political parties will give you an opportunity like this to ask them any question.

One has debated and you already know the answer to that debate. On the second one, I am very sure he’s not going to debate. So how do you assess somebody who is not ready to tell you what he is going to do.

“Those days are gone, my good people, the future of this country, a country that leads the continent that is not the example we want to set for this continent.

The whole world is going in a direction, if you’re seeking a position, you must come and tell people what you want to do, you must sit down and they will  ask you questions and that is why we are here.”

Similarly,the PDP vice presidential candidate, Peter Obi, faulted the 2019 budget.

He said it is unfortunate that 60 percent of the 2019 budget is dedicated to servicing debt incurred by the All Progressives Congress (APC) led federal government in the past three years.

According to him,  “When you look at the revenue, we will spend 60 percent to service debt. So what is left? And they will borrow more.

“What they borrowed in 2016 and 2017 is the same PDP borrowed in 16 years. When you ask them they say they use it for capital project.”

Obi noted that under the current administration, Nigeria is now  on the negative side of most world indices on development.

The PDP presidential running mate promised that if they are voted into in next year’s election, would work assiduously to get the country working.

Meanwhile, the Federal Government yesterday announced the release of over N820.57  billion to Ministries, Departments and Agencies (MDAs) as capital expenditure from the 2018 Budget, saying it would soon increase the figure to N1.1 trillion before the end of the year.

Making the disclosure during the 2019 Budget breakdown in Abuja, Minister of Finance, Hajia Zainab Ahmed, said the N820.57 billion represents 43 per cent of the MDA’s capital vote.

She explained that the government has equally made releases to statutory transfer agencies, usually released to them en block and that the amount includes personnel, recurrent as well as capital votes.

“Let me first of all say that the N820.57 billion that has been released is just for MDA capital budgets because we have releases also that go to the statutory transfer agencies that are released to them en block and that amount includes both their personnel, recurrent as well as capital. There are also capital releases that are done as part of the capital supplementation.

“That is to say it’s service wide that is not in the N820.57 billion. The N820.57 billion is 43 per cent of MDA capital. We are working to push this to N1.1 trillion by the end of December and that would be including the statutory transfers,” she said.

The Minister also explained that the depletion in the Excess Crude Account (ECA) from $2.319 billion as at last month to $631 billion this month, amounting to about $1 billion was withdrawn for security purposes. Similarly, she said about N50 billion was refunded on Wednesday into the  account.

“The ECA was refunded yesterday (Wednesday) and we had sent another N50 billion savings into the ECA. Recall that NEC had authorised the use of $1 billion from the ECA for security.

“So,  the performance of that instruction is what has produced what we have in ECA. So it’s been largely depleted but we are still saving into it and this is the third month we have been saving consistently into the ECA,” she said.

Tags: 2019 budgetbukola sarkinational assemblypresident muhammadu buharizainab ahmed
Omotayo Edubi

Omotayo Edubi

Related Posts

lalong
National

Lalong happy with 2019 NBS corruption survey

10th December 2019
Police, political parties most corrupt institutions in Kaduna
National

Police, political parties most corrupt institutions in Kaduna

10th December 2019
 Berom apply to join FG as co-defendants in N50b suit filed by Fulani 
National

 Berom apply to join FG as co-defendants in N50b suit filed by Fulani 

10th December 2019
Next Post
AYOGU EZE

N/Assembly chant: Ayogu Eze chides lawmakers, demand apology for their sin

cbn

NAEE threatens to paralyse  economy over  CBN’s refusal to approve loan  application

PDP lacks morality to ask IGP to resign – Umohinyang

PDP lacks morality to ask IGP to resign – Umohinyang

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Highlights

 Berom apply to join FG as co-defendants in N50b suit filed by Fulani 

Reps probe MDAs over  unspent constituency projects fund

Breaking news: Lagos takeover prosecution of 19-year-old ‘Yahoo boy’ who sets girlfriend ablaze

Be a trendsetter, not a mere follower of trends by Toks Asher Young

NBS least corrupt rating on Imo achieved by my govt, claims Okorocha

MFM Olukoya storms Port Harcourt for commissioning, dedication of 14,000 seating capacity  auditorium

Trending

Confusion in Kogi as another 37 governorship aspirants endorse indirect primary
Politics

 APC transition C’tte inaugurates 14 sub-committees

10th December 2019
0

Femi Folaranmi, Yenagoa   The  All Progressive Congress (APC) transition committee set up by Bayelsa State Governor-elect, Chief...

lalong

Lalong happy with 2019 NBS corruption survey

10th December 2019
Police, political parties most corrupt institutions in Kaduna

Police, political parties most corrupt institutions in Kaduna

10th December 2019
 Berom apply to join FG as co-defendants in N50b suit filed by Fulani 

 Berom apply to join FG as co-defendants in N50b suit filed by Fulani 

10th December 2019
Fund Culture to drive national unity – Reps urges Buhari

Reps probe MDAs over  unspent constituency projects fund

10th December 2019
The Sun Nigeria

Follow us on social media:

Categories

  • Abuja Metro (790)
  • Arts (151)
  • Broken Tongues (139)
  • Business (13,094)
  • Business Week (91)
  • Cartoons (70)
  • Citizen Joe (28)
  • Columns (7,314)
  • Cover (24,723)
  • Culture (40)
  • Duro Onabule (145)
  • Editorial (1,661)
  • Education Review (1,241)
  • Effect (380)
  • Elections (2,744)
  • Entertainment (2,348)
  • Events (105)
  • Features (3,657)
  • Femi Adesina (4)
  • Food & Drinks (146)
  • Frank Talk (99)
  • Funke Egbemode (108)
  • Gallery (7)
  • Health (1,707)
  • Insights (151)
  • Kalu Leadership Series (47)
  • Kunle Solaja (3)
  • Kunle Solaja (23)
  • Letters (156)
  • Lifeline (1,785)
  • Lifestyle (248)
  • Literary Review (656)
  • Marketing Matters (47)
  • Muiz Banire (3)
  • National (56,932)
  • News (1,695)
  • Offside Musings (46)
  • Opinion (4,107)
  • oriental news (788)
  • Politics (10,745)
  • Press Release (4)
  • PressClips (186)
  • Public Sphere (136)
  • Ralph Egbu (163)
  • Shola Oshunkeye (23)
  • Sideview (1)
  • South-west Magazine (824)
  • Sponsored Post (1)
  • Sporting Sun (5,633)
  • Sports (10,443)
  • Sun Girl (1,043)
  • Tea Time (27)
  • The Flipside – Eric Osagie (73)
  • The Sun Awards Live (67)
  • The Sun TV (103)
  • Thoughts & Talks (30)
  • Time Out (168)
  • Today's cover (186)
  • Tola Adeniyi (63)
  • Travel (82)
  • Travel & Tourism (157)
  • Trending (82)
  • TSWeekend (1,335)
  • Turf Game (134)
  • Uncategorized (9)
  • Updates (106)
  • Views from Abroad (56)
  • Voices (135)
  • World (16)
  • World News (6,507)
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.