National budgets a recipe for chaos, confusion, Says Obi

Elizabeth. N

The presidential candidate of the Labour Party in the 2023 general elections, Peter Obi has faulted the National budgets by the Nigerian government, stating that It is a recipe for chaos, confusion, and catastrophe.

According to Obi, it is a blatant disregard for fiscal responsibility and transparency.

Obi made this known in a series of tweets shared on his X.com handle on Saturday.

The former Anambra state governor also noted that the government's action will lead to frivolous items in the approved budgets competing with essential projects for limited resources, further exacerbating the suffering of the Nigerian people.

O

bi wrote: “All available evidence has confirmed that the Nigerian government is implementing four national budgets concurrently. This is in blatant disregard for fiscal responsibility, transparency, and accountability.

“It is also a recipe for chaos, confusion, and catastrophe.

“This intentionally reckless action will lead to frivolous items in the approved budgets competing with essential projects for limited resources, further exacerbating the suffering of the Nigerian people.

“It indicates that the Leaders are out of touch with reality and lack the competence to manage our nation’s finances effectively.

“Unfortunately, this deliberate act of fiscal recklessness is being undertaken by elected representatives of the people, thereby betraying one of the cardinal pillars of democracy. Leaders are elected to responsibly manage public resources in an organized way.

Obi is calling on the government to urgently reverse the current situation and implement a more accountable and transparent budgeting system.

The statement further read, “We must prioritize the needs of the Nigerian people, not the selfish interests of a few.

“This is a call to action for all Leaders to desist from actions that will further drive the country into economic chaos.

“Neither the National Assembly nor the executive has any excuse to promote or condone such unconscionable behaviour.

"We seek and insist on a nation governed by leaders who are frugal and responsible in their handling of public resources.

“This is the only way we can build a great nation.”