President Muhammadu Buhari on Tuesday signed the 2023 transition budget of N21.83tn along with the 2022 Supplementary Appropriation Bill into law at the Council Chambers of the Presidential Villa, Abuja.
Speaking at the event, the President said his regime would speed up critical infrastructure projects nationwide as it raced toward the finish line on May 29, 2023.
He noted that the budget is N21.83 trillion aggregate expenditure, an increase N1.32 trillion over the initial executive proposal of N20.51 trillion. It is the eighth and final budget of Buhari’s regime.
But reacting to the budget on Wednesday via her Twitter page, the former Minister of Education, Obiageli Ezekwesili, raises concerns over the 2023 National budget, describing it as “hopeless”.
She wrote, “This is the summary of the HOPELESS Budget @MBuhari signed into law yesterday:
“Total Expenditure is N21.83 trillion.
“Total Revenue N9.73 trillion!
“The Budget has a deficit larger than revenue by almost N12.00 trillion! Tragic.
“You all better get your PVCs ready because…”