Atiku Tackles Tinubu’s Administration Over 2025 Budget, Says It Lacks Structural Reforms, Fiscal Discipline
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Atiku Abubakar, the 2023 presidential candidate of the Peoples Democratic Party, has criticized the 2025 budget proposal presented by President Bola Tinubu.
Atiku expressed doubts about the budget’s potential to drive sustainable growth and tackle persistent issues, citing a lack of structural reforms and fiscal discipline.
“The 2025 budget lacks the structural reforms and fiscal discipline required to address Nigeria’s multifaceted economic challenges.
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The administration must reduce inefficiencies, tackle inflated contracts, and focus on long-term fiscal sustainability instead of perpetuating unsustainable borrowing and recurrent spending.”Atiku stated.
Atiku highlighted the budget’s deficit of over N13 trillion, approximately 4% of GDP, which continues a trend of deficits and heavy reliance on borrowing under the APC-led government since 2016. He also criticized the planned VAT increase from 7.5% to 10%, labeling it a regressive move that will heighten economic hardship.
“Raising taxes while ignoring governance inefficiencies will stifle consumption and deepen the cost of living crisis,” Atiku warned. “The government risks widening economic disparity instead of alleviating it.”
The N47.9 trillion 2025 budget allocates N4.91 trillion to defense and security, N4.06 trillion to infrastructure, N2.48 trillion to health, and N3.52 trillion to education.
