The Minority Leader of the House of Representatives , Hon. Leo Ogor, has described the 2016 budget proposal presented by President Muhammadu Buhari to the National Assembly as the worst since the Country returned to democracy in 1999.
While condemning the budget, he looked at the inflated figures and other errors that are yet to be uncovered in the budget.
He also stressed on the need for the Buhari-led administration to make public its economic policy aimed at reversing the current economic downturn.
In an interview with THISDAY, Ogor said the budget proposal did not reflect the transparency, which the current government capitalized its campaign on.
He said “We expected a level of transparency to be reflected in this budget. First they told us it would be a zero-based budget, but what happened clearly was that they took the template of the 2015 budget and just started throwing in figures without even taking cognisance of the current challenges,” he said.
He added that the budget was not in conformity with the Fiscal Responsibility Act (FRA), as it does not contain the budgets of the Central Bank of Nigeria (CBN), Nigerian National Petroleum Corporation (NNPC), Nigerian Communications Commission (NCC), Nigerian Ports Authority (NPA) and other agencies that are statutorily required for inclusion in the Appropriation Bill.
He said it is now up to the National Assembly to ensure that a thorough job is done to ensure that the country gets a budget that addresses the present challenges.
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