Former Vice President Atiku Abubakar says the proposed budget of the Muhammadu Buhari administration for 2019 is built on a ‘shaky foundation’.

“The proposed budget as presented is fundamentally flawed,” said the presidential candidate of the Peoples Democratic Party (PDP). “It deliberately ignores and fails to address current realities and pretends, as Mr President asserts, ‘we are on the right direction.”

He added, “On the contrary, the 2019 budget is built on a very shaky foundation and makes very generous, often wild and untenable assumptions which pose significant risks to its implementation.”

The former vice president believes it will be a disservice to the nation if the “fundamental flaws” are ignored.

He accused the Presidency of filling the budget proposal with several inaccurate claims and making attempts to hide its failure to improve the welfare and living standards of Nigerians.

“I see the rhetoric of ‘inclusive, diversified and sustainable growth’ as no more than an amplification of the All Progressives Congress (APC)-led government’s renewed propaganda to hoodwink the citizens into believing that there is ‘light at the end of the tunnel,” Atiku alleged.

According to him, the economy has yet to recover from the 2016/2017 recession as it remains “severely stressed, extremely fragile and vulnerable to external shocks.”

The PDP candidate said the nation’s Gross Domestic Product (GDP) growth declined from 2.11 per cent in 2017 to 1.9 per cent in Q1, and to 1.5 per cent in Q2 of 2018.

He, however, noted an increase of 0.3 per cent to 1.8 per cent in Q3 of 2018.

“In reality, Mr President should expect no less. It is a fact that under his watch and resulting from his actions or inactions, investor confidence in the economy has waned like never before in Nigeria’s history,” Atiku alleged.

He added, “Nigeria remains an uncompetitive economy as demonstrated by the recent World Economic Forum (WEF), Global Competitiveness Index which positions Nigeria as 115th of 140 Countries.

“The Report shows that Nigeria has moved three places down, contrary to Mr President’s claim that ‘we are moving in the right direction’. Nigeria remains one of the most difficult places to do business as evidenced by the massive outflows of capital in recent times.”

On the way forward, the former vice president called for an alternative to the government’s budget proposal.

The country, according to him, needs a government which understands how to run the economy in order to get it working again.

Atiku stressed that his administration has the capacity and experience Nigeria needed to get on the right path.

He said, “For the avoidance of doubt, an Atiku Presidency, come 2019, will present to Nigerians a people’s budget that will prioritise and focus on the twin challenges of unemployment and poverty.”

“Nigeria’s high rates of unemployment, poverty and inequality represent both a significant distortion in the economic system and a lost opportunity for critical national development and could potentially threaten social stability.”

https://all-gists..com/2018/12/2019-budget-is-built-on-a-very-shaky-foundation-atiku.html

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babecode:


Former Vice President Atiku Abubakar says the proposed budget of the Muhammadu Buhari administration for 2019 is built on a ‘shaky foundation’.

“The proposed budget as presented is fundamentally flawed,” said the presidential candidate of the Peoples Democratic Party (PDP). “It deliberately ignores and fails to address current realities and pretends, as Mr President asserts, ‘we are on the right direction.”

He added, “On the contrary, the 2019 budget is built on a very shaky foundation and makes very generous, often wild and untenable assumptions which pose significant risks to its implementation.”

The former vice president believes it will be a disservice to the nation if the “fundamental flaws” are ignored.

He accused the Presidency of filling the budget proposal with several inaccurate claims and making attempts to hide its failure to improve the welfare and living standards of Nigerians.

“I see the rhetoric of ‘inclusive, diversified and sustainable growth’ as no more than an amplification of the All Progressives Congress (APC)-led government’s renewed propaganda to hoodwink the citizens into believing that there is ‘light at the end of the tunnel,” Atiku alleged.

According to him, the economy has yet to recover from the 2016/2017 recession as it remains “severely stressed, extremely fragile and vulnerable to external shocks.”

The PDP candidate said the nation’s Gross Domestic Product (GDP) growth declined from 2.11 per cent in 2017 to 1.9 per cent in Q1, and to 1.5 per cent in Q2 of 2018.

He, however, noted an increase of 0.3 per cent to 1.8 per cent in Q3 of 2018.

“In reality, Mr President should expect no less. It is a fact that under his watch and resulting from his actions or inactions, investor confidence in the economy has waned like never before in Nigeria’s history,” Atiku alleged.

He added, “Nigeria remains an uncompetitive economy as demonstrated by the recent World Economic Forum (WEF), Global Competitiveness Index which positions Nigeria as 115th of 140 Countries.

“The Report shows that Nigeria has moved three places down, contrary to Mr President’s claim that ‘we are moving in the right direction’. Nigeria remains one of the most difficult places to do business as evidenced by the massive outflows of capital in recent times.”

On the way forward, the former vice president called for an alternative to the government’s budget proposal.

The country, according to him, needs a government which understands how to run the economy in order to get it working again.

Atiku stressed that his administration has the capacity and experience Nigeria needed to get on the right path.

He said, “For the avoidance of doubt, an Atiku Presidency, come 2019, will present to Nigerians a people’s budget that will prioritise and focus on the twin challenges of unemployment and poverty.”

“Nigeria’s high rates of unemployment, poverty and inequality represent both a significant distortion in the economic system and a lost opportunity for critical national development and could potentially threaten social stability.”

https://all-gists..com/2018/12/2019-budget-is-built-on-a-very-shaky-foundation-atiku.html

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Take a selfie with The Statue of Liberty first.

O yes. On assumption can has no realisable pointer.

Atiku campaign including time wasted in Dubai is built on a shaky foundation.

The dullard should pack and go, we are tired of the mess he's turning this country to, very soon we will be having Venezuela situation on our hand.

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11BYTE:
The dullard should pack and go, we are tired of the mess he's turning this country to, very soon we will be having Venezuela situation on our hand.

[/s]
Speak for yourself
IPOB can not decide who to vote for

Atiku tell them o cos that is the budget you will be working on come 2019 so you should show serious interest in it.

I will sell 90% of NNPC stake if I win 2019 election - Atiku...

One thing I can say unequivocally is this: whoever wins the 2019 presidency between Atiku & Buhari, Nigeria will be like this in the next 4 years or even worse. Doesn't take much to figure that out. Don't make enemies over 2 men who don't give a hoot about you or Nigeria.

What nonsense is this? On Osinbajo we stand in the SW!!

Which foundation do you want to build your own on

every year they keep on this budget matter

HUSH!!

The incoming president has spoken

Who is taking criminal serious. He talk talk yet we can't understand what language he speak bastard ole.

Let's hear word.

Scammer

If the budget is built on shaky foundation then selling 90% of the country’s NNPC stake to yourself and cronies is going to be built on quicksand and deadly foundation. Anyways, it’s just your opinion sir. Click likes if you believe Atiku’s statement or click Share if you don’t believe.

Atiku's plan for Nigeria is loot, loot, loot, and loot again.

Frulonte:
Atiku has won

In your compound. He can be president in your compound for life, I don't care. But he will never rule Nigeria.

Budget of poverty

Hardworking APC
They are trying

Why waste your time to criticize the vague budget, our incoming president? It's not as if the lifeless one will be the one to implement the budget anyway.

I'd rather advise that you spare your energy to start thinking on how you can manage the budget in a way, at least for 2019. Thereafter, we may then expect a sensible budget.

If only we can elect a real economist and shun sentiments...PMB belongs to myetti

And Dubai's trip was all about out selling anything sellable

Like this

Peacemaker5128:
[s][/s]
Speak for yourself
IPOB can not decide who to vote for

All this zombies self, did you see anywhere in my post that I spoke for someone else other than myself. And what makes you think that I am an ipob member?.#ArticulateObi

As if he is exempted from the woes Nigeria is facing currently. He is among those who brought Nigeria to where she is today. We should vote out all these guys and look for fresh air.

ClearFlair:
Atiku's plan for Nigeria is loot, loot, loot, and loot again.

That is what he has done his whole life. He is a useless wasteman like Buhari.