Posted on: 05:28 Fri, 15 Jan 2016



Former governor of the Central Bank of
Nigeria (CBN), Charles Soludo has
stated that the 2016 budget presented
by President Muhammadu Buhari was
almost the same as the one presented
by his predecessor, Goodluck Jonathan.

According to Soludo, the present
budget was a carbon copy of the one by
Jonathan’s government, adding that
defeating old bad ideas could be better
that initiating new ones.

He said this while speaking at the 13th
Daily Trust Dialogue in Abuja on
Thursday.

“The present budget is more of the
same to the previous ones. Mr. Vice
President [Prof. Yemi Osinbajo], If you
scale your budget on the scale of GDP,
it is almost the same with the previous
government.

“It has a historic 37% deficit as we
never had it before. The truth is that
you are borrowing 37% with only 30
per cent on capital project,” Prof.
Soludo stressed.