N47.9tn 2025 Budget Unrealistic – Opposition Slams Tinubu’s Govt

• Opposition parties criticized Tinubu’s N47.9tn 2025 budget as unrealistic and impractical.
• They flagged concerns over borrowing reliance, inflation targets, and poor implementation.
• Calls were made for transparent policies to tackle economic challenges effectively.

The Coalition of United Political Parties (CUPP), Peoples Democratic Party (PDP), and New Nigeria Peoples Party (NNPP) have expressed strong reservations about President Bola Tinubu’s proposed N47.9tn 2025 budget, questioning its feasibility and effectiveness in addressing Nigeria’s economic challenges.

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EKO HOT BLOG reports that President Tinubu presented the budget to a joint session of the National Assembly, emphasizing its focus on economic recovery and development.

However, opposition parties flagged concerns about unrealistic projections, poor implementation, and reliance on borrowing.

CUPP National Secretary Peter Ahmeh criticized the budget for duplication and mismanagement, highlighting that previous APC-led budgets had failed to translate into tangible development. “Each year, budgets grow larger, yet poverty and hardship persist. Without effective implementation, this will be another wasted opportunity,” Ahmeh said.

Similarly, NNPP’s National Publicity Secretary, Ladipo Johnson, questioned the targets for inflation and exchange rates, describing them as overly optimistic. Johnson pointed out that with November 2024’s headline inflation at 34.6%, reducing it to 15% without clear strategies is unrealistic. He also flagged concerns over food inflation, insecurity in food-producing areas, and unrealistic exchange rate projections amidst ongoing oil theft.

The PDP’s Deputy National Youth Leader, Timothy Osadolor, labeled the budget as “rhetorical and unrealistic,” citing its heavy reliance on borrowing while failing to address fundamental economic issues. Osadolor noted the struggles of ordinary Nigerians, highlighting the rising cost of living, depreciating naira, and stagnating industries.

The opposition called for more transparent and actionable policies to address inflation, boost food security, reduce borrowing, and tackle structural economic weaknesses, warning that the proposed budget could exacerbate Nigeria’s growing debt burden.

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