Latest News

Recession: Nigeria Is Broke, Can’t Afford 2021 Budget – Atiku

Recession: Nigeria Is Broke, Can’t Afford 2021 Budget – Atiku

Atiku Abubakar

Advertisements

Former Vice-President of Nigeria, Atiku Abubakar has expressed that the Federal Government should reconsider the 2021 budget owing to the recession.

Nigeria officially entered into its worst economic recession in 33 years after the nation recorded a GDP contraction of 3.62 percent in the third quarter of 2020.

Register Your Business or Company Name With CAC

He stated that Nigeria is broke and cannot afford the luxurious items in the N13.08 trillion budget proposal.

Atiku in a Twitter thread on Sunday stated that COVID-19 only complicated an existing economic problem.

Atiu went on to express that had President Muhammadu Buhari-led administration listened to advice, the recession could have been avoided.

Also Read: Recession: SERAP Asks Buhari To Cut Cost Of Governance

“We could have avoided this fate by a disciplined and prudent management of our economy.”

“This could have been avoided had this administration taken heed to the patriotic counsel given by myself and other well-meaning Nigerians on cutting the cost of governance, saving for a rainy day, and avoiding profligate borrowing,” Atiku said.

He further said that now is not the time to trade blames but to focus on ways to manage the situation and called on Buhari’s government to “swallow its pride, and accept its limitations, so that they can open their minds to ideas, without caring who the messenger is.”

 

The post Recession: Nigeria Is Broke, Can’t Afford 2021 Budget – Atiku appeared first on Information Nigeria.

Categories: Latest News

Tagged as: InfoNews

Leave a Reply

Your email address will not be published.