Friday, October 11

This Is Budget of Standstill: Deputy Minority Leader - 2020 Budget

'Budget of standstill' that is The new nickname given to 2020 Budget by Toby Okechukwu the Deputy Minority leader of the House of Representatives.


this start during the 2020 bill Appropriation when Okechukwu stated this in his contribution to the debate on the  bill during the Thursday's plenary.

"I must commend fact that this is one of the time that budget was brought-in in October. Because memory is short, when budget is brought in December, they will blame the lawmakers for the late passage.

"Anytime the president brings budget, it is always branded with nickname, be it the budget for 2016, 2017, 2018 or 2019, but this time around, no nickname, this budget looks like a budget of standstill, the capital expenditure has been reduced from 2019, the debt servicing of 2.8trillion. There is no country that can make progress with this.

“Health budget is 48billion. How can we make progress? This time, we are putting the cart before the horse.”

Speaking on the Value Added Tax (VAT) increment, the Deputy minority said that President Muhammadu Buhari should have brought the bill to raise VAT before the budget.