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Nigeria’s $20b budget lags behind peers, won’t accelerate development – Bagudu

Nigeria’s b budget lags behind peers, won’t accelerate development – Bagudu

• Sule: World Bank loan for development, not to cushion effect of hardship
Nigeria’s food crisis deepens amid protests
• Atiku: Tinubu’s govt has adopted propaganda as state policy in face of citizens’ hunger

The Minister of Budget and Economic Planning, Atiku Bagudu, highlighted Nigeria’s $20 billion budget shortfall compared to countries like Indonesia and Brazil during the launch of ActionAid Nigeria’s Country Strategy Paper. Bagudu urged collective action to address decades of under-investment and emphasized the need for both government and citizens to work together.

Meanwhile, Nasarawa State Governor, Abdullahi Sule clarified that the World Bank loan received by states is strictly for infrastructural projects and not to alleviate hardship. The deepening food crisis in Nigeria has further escalated issues, prompting criticism from Atiku’s media team towards President Tinubu’s government for misleading the public.

The ongoing challenges in the country highlight the urgent need for concrete solutions to address poverty, under-investment, and the impact of rising prices on essential goods and services. It is crucial for all stakeholders to collaborate and prioritize the welfare of Nigerian citizens in these trying times.

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