Yes, like Nigeria, election will take place in the United Kingdom on May 7.

As part of their democratic culture, the party in power will present a budget for the next parliament if they should win the elections. The budget is prepared with utmost seriousness as this could either give the ruling party a victory or even worse a resounding defeat.

Well once the budget has been presented by the Chancellor of Exchequer (Minister of Finance - Nigeria), every other political parties, media and the general population will have enough time to study, understand, scrutinise, criticise and in the extreme case attack the budget.

Now, let us come back to home, hope you're with me, why as citizens of this Republic we have been short-changed by successive governments by them not paying serious attention to the National Budget.

Also we have now have two major parties, namely PDP and APC, as anyone seen their proposed budget for 2015 and beyond if either one is voted into power. All we read and see are baseless propangada, verbal attacks on individuals, we are now divided on ethnic or religious line. Nobody is talking about 'real issues' affecting the population at large. If you ask any of the parties representatives what are the political ideologies of either PDP or APC, all they could say is President Jonathan have done well and should be given a 2nd term (PDP), or General Buhari will fight corruption (APC). We still have a long way to go.

We should all task any political party that is contesting on their plans for the nation and not just on some selected few. By this our democracy will develop more fully, thus having a significant impact on peoples lives.

PDP, APC and other parties should make extra efforts in highlighting their for all of us.

I have provided some of the key points in the UK Budget for 2015, let the discussion begin.....

Key points of Budget 2015: At-a-glance
George Osborne has delivered his sixth Budget as chancellor, and the last of the current Parliament. Here is a summary of the key announcements in his statement.

The state of the economy - UK grew 2.6% in 2014, faster than any other advanced economy but lower than 3% predicted in December
2.5% growth forecast in 2015, up from 2.4% predicted in December, followed by 2.3%, 2.3%, 2.3% and 2.4% in the next four years
Record employment in the UK, with jobless rate to fall to 5.3% this year
Trade deficit figures "the best for 15 years"
Living standards "higher" than in May 2010, according to OBR data, with households better off by an average of £900 in last five years
Inflation projected to fall to 0.2% in 2015

Public borrowing/deficit/spending - Deficit halved since 2010 as a share of national income
Borrowing set to fall from £97.5bn in 2013-14 to £90.2bn in 2014-15, £75.3bn in 2015-6, £39.4bn in 2016-7, £12.8bn in 2017-8 before reaching a £5.2bn surplus in 2018-9
Debt as a share of GDP to fall from 80.4% in 2014 to 80.2% in 2015-16 before falling in every year, reaching 71.6% in 2019-20
Additional £30bn savings needed in next Parliament
Public spending squeeze to end a year earlier than planned in 2019-2020, with spending from then to grow in line with total economic growth
Welfare bills set to be an average of £3bn lower each year than predicted in December, and interest charges on government gilts £35bn lower
Sale of £13bn Northern Rock and Bradford & Bingley mortgage assets

Pensions - The lifetime allowance for pension savings that can be accumulated free of tax will be cut from £1.25m to £1m from April 2016, saving £600m annually
Pensioners will be able to trade in their annuities for cash pots, with the 55% tax charge abolished and tax applied at the marginal rate
Widows of police officers and firefighters who choose to marry again will have their existing pensions protected

Alcohol, tobacco and gambling and fue[/b]l - Beer duty cut by 1p a pint and cider by 2p. 2% cut in excise duty on scotch whisky and other spirits while wine duty frozen
No changes to tobacco and gambling taxes, with tobacco duties set to rise by 2% above inflation, equivalent to 16p on a packet of 20 cigarettes.
New "horse racing betting right" to replace the 50-year old horserace betting levy on British bookmakers
Petrol duty frozen - September's planned increase cancelled

[b]Personal taxation - The tax-free personal allowance to rise from £10,600 in 2015-6 to £10,800 in 2016-7 and £11,000 in 2017-8
The threshold at which people start paying 40p income tax to rise by above inflation from £42,385 in 2014-5 to £43,300 in 2017-8
Annual paper tax returns to be abolished, replaced by digital accounts.
Transferable tax allowance for married couples to rise to £1,100
Class two national insurance contributions for self-employed to be abolished in next Parliament
Review of inheritance tax avoidance through "deeds of variation"

Savings - New personal savings allowance - first £1,000 interest on savings income to be tax-free for basic rate taxpayers and £500 allowance for 40p tax ratepayers.
Annual savings limit for ISAs increased to £15,240
"Fully flexible" ISA will allow savers to withdraw money and put it back later in the year without losing any of their tax-free allowance
New "Help to Buy" ISA for first-time buyers will allow government to top up by £50 every £200 saved for a deposit

Armed forces - A further £75m from Libor fines to go to charities for regiments which fought in Afghanistan and government to contribute towards permanent memorial to those who died in Afghanistan and Iraq and help renovate Battle of Britain memorials
£25m to support army veterans, including nuclear test veterans

Business - Tax on "diverted profits" to come into effect next month, aimed at multinational firms moving profits "artificially offshore"
Annual bank levy to rise to 0.21%, raising an extra £900m. Banks to be barred from deducting compensation for mis-selling from corporation tax
Supplementary charge on North Sea oil producers to be cut from 30% to 20% while petroleum revenue tax to fall from 50% to 35%. New tax allowance to encourage investment in North Sea
Review of business rates
Automatic gift aid limit for charities to be extended to £8,000
Farmers allowed to average incomes for tax purposes over five years
New tax credit for orchestras and consultation on tax relief for local newspapers

Health and education - Consultation on proposal to offer loans of up to £25,000 for UK students studying for PhDs and research-based master's degrees.
Mental health services to get £1.25bn in extra funding

Housing/infrastructure/transport/regions - £15m church repair roof fund to be trebled
Up to £600m to clear new spectrum bands for auction to improve mobile networks: commitment to deliver ultra-fast broadband to all homes
New powers for Mayor of London over skills and planning
Greater Manchester councils to be allowed to keep 100% of growth in business rates
New inter-city rail franchise for south west of England
Toll for Severn river crossings to be reduced from 2018
Consultation on £1bn "tidal lagoon" in Swansea Bay to generate green energy