richmond500:
it doesn't mean it can't go below or higher.
It means that is what they are working with as it is realistic

in a normal clime i know what it means, buh when you are talking my country Nigeria things only get worst here yr after yr

check all subsequent budget benchmark,none went below.

Besides i find it preposterous that a budget that is bereft of relieve measures has a more widened deficit, nothing to the people

Nigerians brace up we have elected the worst mistakes of our lives

onatisi:

They will definitely devalue the naira more in 2025 , the dollar will most likely go as high as 2000 naira for 1 dollar

its now certain, anyone with deep insight can tell these govt has no intention to cut down inflation.

More borrowing, despite the burden of sacrifice Nigerians have to bear ahead ... these is bad

Even pdp members in the national assembly will call debo mad

Pdp is now a joke

You see, this law of Karma is such a bit**h.

Recall during the PDP years when Lai Mohammed, Dele Alake, Nasir El-rufai , Rotimi Amaechi would move from one TV station to another with their eyes blazing with fire with the sole aim of wrestling power from Goodluck Jonathan and PDP.

Today the tables have turned and the APC performance in the last 9 years and 6 months could only be described as a " Catastrophy".

Nigerians in Diaspora pray day and night for the FX rates to remain in shambles for selfish reasons whilst hyperinflation is currently ravaging the middle class with unexplainable speed.

APC has created more poor, vulnurable and miserable people than all previous Government in the 64 year history of Nigeria.

A budget which is benchmarked on a weak exchange rate of N1500-$1 only gives bootlickers and psychophants hope and excitement.

PBAT has a tall order whilst the multilateral agencies have cautioned him that the gestation period for results on his reforms which is explained to be between 5-15 years.

He may sacrifice a second term for this and an attempt to force himself on the people may backfire. His name is synonymous to excruciating hardship cause by his reforms.

Honestly, without any proper reform and total overhauling of the PDP excos and working committees leading to completely removal of ATIKU FROM THE party PDP will never win any presidential elections in Nigeria...They need urgent rebranding. They are totally suck in opposition and lack vibrancy...
Reasons not far fetched. They dont have sophisticated members. Their strong members have since decamped. 16 years without power for people who have no other jobs is alot. They have no huge financial chest thus they are lazy in everything including opposition... They need to explain to us how the budget is bad.


however, even though there are some good elements in the budget there are also alot of sycophancy and extravaganza galore in..Education for the first time had good allocation while about 13 trillion was budgeted for loan servicing...thats alot for 44 trillion budget, the state house had about 15billion budge for vehicle that is outrageously ridiculous. These are to mention but a few.

While the lot of loan servicing and the vehicle budget execution will be carried to the latter, we cant say the same thing of the education budget.

The budget allocated all the resources and attainment of the budget on #1500 per dollar benchmark...This is also an hopeless situation for the economy using that index.

The interest rate is high already, and dollar is pegged on 1500 per unit, thus speaks alot of discrepancies in what TInubu govt is preaching and what is happening because inflation WILL never come down. NO HOPE for fuel to be sold less than #800.

while I still will not condemn the govt of Tinubu, the man that i love so much and still do, i foresee no much gain for a common man in the next budget year..

Poverty rate will increase more innthe next budget year since it also aligns with the eve to the preparation for the election years ahead. EXPECT a lot of cross carpet from politicians to the ruling party and this will pave a way for his reelection.

While we keep our hope of seeing a great Nigeria alive and hope that we have a good country, people should work daily to better their own lives and better the county.

Edygrin:

You've made 4678 posts on nairaland and 90% of those posts are about yoruba.

Why are you so obsessed with yoruba people or are you mentally okay?

If you need help please let us know coz this isn't normal anymore.

tinubu and obasanjo are the one destroying Nigeria, obj said if you can afford to buy bottle of beer 150 ,you can buy a litre of petrol 150 per litre, this one removed subsidy, but later pay for subsidy behind the door, wéré wa lara gbogbo yin

I don't this voice will even be heard at the gate let alone inside...

Frigga13:
The rubber stamp akpabio led senate has already done that..

The illiterate fools .. knows nothing about anything aside sharing money and suspending honest senators that break protocols by speaking up against stupidity

Tinubu needs more money to Bribe funny politicians against 2027” divide parties, … all to pocket Nigeria

Only say he’s a jonzing fool that is stupidly playing God .. forgetting he’s a local Yoruba thing ..

Na here we dey.. na time .. himself go be history

Yorubas are not the reason for your misfortune.

Do we still have any party called PDP?

shortgun:
Every sane person will easily see the difference in the years PDP were in power and the years of APC. It's like day and night.
During the years of PDP, Nigerians saw real growth in the economy and improved standard of living. Today, APC is telling Nigerians to bear the pains of reform as it wants to impoverish Nigerians into prosperity...a concept that was never heard of in all human history

That was the year PDP was building problem we are facing today. That was when Nigeria was living in lies . Now the truth has come. Had it been the $16bn meant for electricity was not looted by OBJ and Atiku. We would have light now. Pdp are evil

To those people, opposition means stand against anything from them, whether good or bad.