The total budget of Nigeria for 2016 is N6.04 trillion. We are in the third quarter of the year and it is assumed that 75 per cent of the amount has been spent into the system. That is amounting to about N4 trillion, which was about the total amount of budget that the Goodluck Jonathan government spent.
The National Chairman Of The National Conscience Party (NCP), Dr. Yinusa Tanko, in an interview with New Telegraph, says that the budget of the past administration of Goodluck Jonathan was N4 trillion, but yet Nigerians were not hungry and the Nation's Economy was not in recession despite accusations that the budget was not even executed up to 75 per cent.
"The total budget of Nigeria for 2016 is N6.04 trillion. We are in the third quarter of the year and it is assumed that 75 per cent of the amount has been spent into the system" yet Nigerians are not feeling any positive impact. He stated.
Tanko said it is regrettable that Buhari's administration came with the aim of fighting corruption, and have claimed to have recovered billions of Naira from looters which amount to about N13 trillion, but could not account for what they have done with the money.
His Words: "Let me be frank with you, it is very obvious that the present government is not telling us the true position of things. Investigation and the statements being made by this government attest to this particular fact.
"Right from the beginning, this particular government has what we call a communication gap; they have not been able to communicate with the Nigerian people effectively well. And when you hear the president says one thing, you hear his aides saying another thing differently.
"That has shown the differences that they had within themselves internally as a political party. We are all living witnesses when the leadership of the All Progressives Congress (APC) government told Nigerians that they were able to generate money that belongs to the Nigerian people.
"First of all, they said they generated about N3 trillion from looters. They also said that they have been able to generate N1.4 trillion from revenue from the Treasury Single Account (TSA). They went ahead to tell us that they have been able to get about N6 trillion from Customs and Duties. The list is endless.
"The total amount of money they said they recovered or generated amounted to over N13 trillion. Let even assume that the N13 trillion is a figment creation of the social media; if we divide the amount into two, it means we would have nothing less than N6 trillion.
"The total budget of Nigeria for 2016 is N6.04 trillion. We are in the third quarter of the year and it is assumed that 75 per cent of the amount has been spent into the system. That is amounting to about N4 trillion, which was about the total amount of budget that the Goodluck Jonathan government spent.
"Despite the accusation that the budget was not even executed up to 75 per cent, Nigerian people did not go hungry and we did not go into recession. So, at this point in time, where is the money they said they generated? If they said they generated the money, why are we talking about borrowing?
"What happened to the budget? Is it being implemented? If it is being implemented, how many per cent of that particular budget is being implemented? If they are implementing it, then why are all the ministries dormant? All the ministries are not working.
" It is amazing to see the government enjoying the light rail from Kaduna to Abuja as if they are the one that even did it. Since government is a continum, it means that the former administration have done something and therefore we should stop passing the bulk.
Culled from New Telegraph
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