Former governor of the Central Bank of Nigeria (CBN), Charles Soludo while speaking at the 13th Daily Trust Dialogue in Abuja On Thursday revealed that the 2016 budget presented by President Muhammadu Buhari was similar to the one presented by ex-president Goodluck Jonathan.
Soludo also said that the 2016 budget was a mere copy of the one presented by Jonathan’s government in the past. He however stated that defeating old bad ideas could be better that initiating new ones.
“The present budget is more of the same to the previous ones. Mr. Vice President [Prof. Yemi Osinbajo], If you scale your budget on the scale of GDP, it is almost the same with the previous government.
“It has a historic 37% deficit as we never had it before. The truth is that you are borrowing 37% with only 30 per cent on capital project,” Prof. Soludo stressed.
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