By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Tribune OnlineTribune OnlineTribune Online
  • Home
  • News
  • Columns
  • Editorial
  • VIDEOS
  • Entertainment
  • Politics
  • Health
  • Opinions
  • SPORTING TRIBUNE
Reading: 2025 budget proposal, worst so far – CUPP
Share
Notification Show More
Font ResizerAa
Tribune OnlineTribune Online
Font ResizerAa
  • Home
  • News
  • Columns
  • Editorial
  • VIDEOS
  • Entertainment
  • Politics
  • Health
  • Opinions
  • SPORTING TRIBUNE
  • About Us
  • Contact us
  • Disclaimer
  • Privacy
  • Advertise
Have an existing account? Sign In
Follow US
© 2025 African Newspapers of Nigeria Plc.. All Rights Reserved.
Politics

2025 budget proposal, worst so far – CUPP

Bola Badmus
December 19, 2024
Share
CUPP CNG differ over potential danger of CUPP MBF NNPP ADC others warn against undermining federalism, Consensus on tax reform bills
SHARE

Coalition of United Political Parties (CUPP) has punctured the 2025 Budget proposal of N49.7trn presented to the National Assembly by President Bola Ahmed Tinubu for passage into law, saying it might be the worst so far by any government in the country, just as it quickly noted that the implementation would prove even more challenging.

It would be recalled that President Tinubu presented the 2025 Budget estimate on Wednesday to the joint session of the 10th National Assembly presided over by the Senate President, Senator Godswill Akpabio, for passage into law.

Spokesperson of CUPP, Comrade Mark Adebayo, said this in reaction to the said budget, recalling sadly that over the years, successive Nigerian governments’ ritual of annual budget presentations had always been a shadowy business and bundles of contradictions.

CUPP said Nigerians should not have any high expectations in the areas of economic recovery or inflation reduction as indicated in the budget proposal by the president, declaring pointedly that the proposal “doesn’t promise much” even before its implementation.

According to Adebayo, whatever little promises embedded in the budget proposal are a mere optical illusion, saying this is because it was coming with factory-fitted anomalies that cannot be fixed easily, if possible at all.

“Over the years, successive Nigerian governments’ ritual of annual budget presentations has always been a shadowy business and bundles of contradictions.

ALSO READ: Reps set January 31st for passage of 2025 budget

“The 2025 appropriation Bill (Budget proposal) submitted on Wednesday to the national assembly by President Bola Tinubu might be the worst so far. The implementation will prove even more challenging.

“Nigerians should not have any high expectations in the areas of economic recovery or inflation reduction. This is because even before the budget cycle begins to be implemented, it doesn’t promise much. Whatever little promises embedded in it are a mere optical illusion.

“I say this because the budget is coming with factory-fitted anomalies that cannot be fixed easily, if possible at all,” he said.

Speaking further, the CUPP chieftain said nothing good can come from a budget with a projected deficit of N13.39trillion which was to be financed through borrowing, describing such as a budget of continuous slavery and exacerbated poverty in a country that “has already overborrowed as it stands today.”

Adebayo described the current situation as alarming, saying that it only goes to show that those currently in power at the center have no business being in government at all.

“Nothing good can come from a budget with a projected deficit of N13.39 Trillion Naira which is to be financed through borrowing. That’s a budget of continuous slavery and exacerbated poverty. Nigeria has already overborrowed as it stands today. It is tragic that this government lacks any creative idea to finance the budget other than borrowing. This is alarming, to say the least.

“It only goes to show that those currently in power at the center have no business being in government at all,” he said.

READ MORE FROM: NIGERIAN TRIBUNE


WATCH TOP VIDEOS FROM NIGERIAN TRIBUNE TV

  • Back to School, Back to Business A Fresh Start

  • Relationship Hangout: Public vs Private Proposals – Which Truly Wins in Love?

  • “No” Is a Complete Sentence: Why You Should Stop Feeling Guilty

  • Relationship Hangout: Friendship Talk 2025 – How to Be a Good Friend & Big Questions on Friendship

  • Police Overpower Armed Robbers in Ibadan After Fierce Struggle


    Get real-time news updates from Tribune Online! Follow us on WhatsApp for breaking news, exclusive stories and interviews, and much more.
    Join our WhatsApp Channel now


TAGGED:budgetCUPPTinubu
Share This Article
Facebook Email Print
Previous Article razor blade in your vehicle FRSC requires you to have a razor blade in your vehicle. Here’s why  
Next Article Foundation advocates convening stakeholders' forum to address ritual killings in Yorubaland Foundation advocates convening stakeholders’ forum to address ritual killings in Yorubaland

Frontpage Today

Subscribe to e-Paper

E-Vending, e paper, pdf, e-paper, Tribune
WOMEN

Xquisite
Xquisite Food
Xquisite Style
Wondrous World of Women

MORE

Business Coach
Education
Event Digest
Crime & Court
Do It Yourself
Ecoscope
Property & Environment
Energy
Maritime
Aviation
Brands & Marketing
Agriculture
Info Tech
Labour
Leadership & Management
Achievers
Arewa Live
Arts & Culture
Arts & Reviews
Campus Beat
Politics
Health News
MORE

Mum & Child
Natural Health
Sexuality & Health
Special Report
Sports
Tourism
Travelpulse & MICE
Tribune Business
Weekend Lagos
Youth Speak
Book Review
Thursday Tales
EDITORIAL

Editorial
Opinion
Letters
News Extra

BUSINESS

Capital Market
Money Market
Economy

ENTERTAINMENT

Friday Treat
Entertainment
Razzmattaz

REGIONS

South West
Niger Delta
Arewa

RELIGION

Tribune Church
Church News
Muslim Sermon
Eye of Islam
Islamic News

COLUMNS

Anike's Diary
Aplomb
Ask The Doctor
Autoclinic With The Mechanic
Awo's Thought
Borderless
Crucial Moment
Empowered For Life
Festus Adebayo's Flickers
Financewise
Gibbers
Intimacy
Language & Style
Leaders' Forum
Leadership & Management
Lynx Eye
Monday Lines
Mum & Child
Natural Health
Notes from Atlanta with Farooq Kperogi
On The Lord's Day
PENtagon
Political Panorama
Veritatem With Obadiah Mailafia
Voice of Courage
Whatsapp Conversation
You and Eye
Your Life Counts

© 2025 African Newspapers of Nigeria Plc. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?