• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

2025 Budget Full Of Contradictions, Unrealistic – Adebayo

by Chibuzo Ukaibe
7 months ago
in Politics
Adebayo
Share on WhatsAppShare on FacebookShare on XTelegram

 

Advertisement

The 2023 presidential candidate of the Social Democratic Party (SDP), Prince Adewole Adebayo has faulted the 2025 budget proposals as presented by President Bola Tinubu to the National Assembly last week, noting that it is unrealistic and full of contradictions.

He also lambasted the minister of Finance and the coordinating minister of the economy, Mr Wale Edun, for not showing a coordinated thought process in the making of the budget.

He wondered why a finance minister would be happy that it was good for the country going to London, borrowing.

Adebayo, “Though he is supposed to be coordinator of the economy. He is not coordinated. The thinking isn’t coordinated. It is not a good day when the finance minister believes the day he goes a borrowing in London is a good day. A good day for Nigeria when Nigeria goes overseas to give investments in the capital market from the excess production that we have,” he stated.

RELATED

‘I Can Swear With Quran That I Never Stole Kaduna Money’ — el-Rufai

JUST-IN: SDP Expels Ex-Kaduna Gov El-Rufai

17 hours ago
PDP Youths Back Anyanwu As National Secretary

CP-PDP Backs Zoning PDP Presidential Ticket To South

19 hours ago

According to him, the exchange rates fixed in the budget is not realistic. “The proposals are self contradictory. For example, you are working towards, in their mind, if they are able to succeed, they are working towards 15% inflation , any basic microeconomist knows that you must never have double digit inflation”.

He argued that when the political class is populated by decent characters with integrity, a lot of the problems associated with politics and politicians would be solved.

He said: “The Independent National Electoral Commission (INEC) itself has a bit of connivance, whether for the sustainability of their appointment or whether people have discovered that they can get rich by taking advantage of the desperation of politicians.

“Most of the problems of an election don’t arise from the INEC. They arise from the political parties. More political parties commit crimes in their primaries than they accuse INEC of.

“So, whatever error the INEC commits, the politicians and political parties even commit more. People bribe delegates for elections. Party chairmen and secretaries switch names like the game of domino.

“So, the political class is guilty. I agree with the submission that politicians contribute to the problems during elections but INEC is supposed to be a professional class and should not collaborate with the politicians to rig elections.”

 

Adebayo also spoke on the issue of rotational presidency emphasizing that if it must achieve any positive result, it should be at two levels.

 

He noted that much as it is good to rotate it according to the geopolitical zone for peace to reign among the elite, it must also be rotated from the elite to the people for growth and justice to happen in Nigeria. “If you are rotating from North to South and all of that and rotating about the same wasteful elite who have no idea, you will be rotating poverty, insecurity and others.

 

“But if you rotate inter generationally, that is from the old people to the young ones and ideologically from those who follow the International Monetary Fund (IMF) –World Bank, to those who have indigenous, authentic and pro-Nigeria idea, you would have some progress for the country,” he submitted.

 

On Nigeria’s borrowing and the finance minister’s recent statement about it he noted that much as he would wish a good day for Nigeria, it pains him to note that it is not a good day when the finance minister believes the day he goes aborrowing in London is a good day.

 

“How can it be a good day when Nigeria goes overseas to make investments in the capital market from the excess production that we have? No minister that we had in the past will say the day we went aborrowing was a good day,” he said.

 

When reminded that even countries as big as America borrow, he said: “America borrows from within. You borrow from your own currency. I am not quarrelling with them borrowing the currency they issued. When you are borrowing Euro bonds, borrowing currency from other people in other capitals of the world, it’s a sign of a crisis. Yes, you can do it but you don’t say it’s a good day for you.

 

“If you are anaemic and your neighbour comes to donate blood to you, you should be grateful but you don’t say that’s the best day of your life, because you are not supposed to be anaemic in the first place.They need to run the economy in such a way that we can generate capital for ourselves.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: 2025 BudgetPrince Adewole Adebayo
SendShareTweetShare
Previous Post

2025 Budget Can’t Address Nigeria’s Economic Challenges – Atiku

Next Post

ACAN Nigeria Marks 20 Years With Landmark Architecture Book

Chibuzo Ukaibe

Chibuzo Ukaibe

You May Like

‘I Can Swear With Quran That I Never Stole Kaduna Money’ — el-Rufai
Politics

JUST-IN: SDP Expels Ex-Kaduna Gov El-Rufai

2025/07/28
PDP Youths Back Anyanwu As National Secretary
Politics

CP-PDP Backs Zoning PDP Presidential Ticket To South

2025/07/28
Metuh Condemns Attacks On Gbajabiamila, Advocates Issue-based Politics
Politics

Metuh Seeks Statutory Provision On Zoning, Defection

2025/07/28
Politics

CSOs Allege Plot To Restrict Guber Hopeful’s Outreach In Imo

2025/07/28
Political Scientists Caution Nigerian Leaders On Use Of Western Ideas
Politics

Political Scientists Caution Nigerian Leaders On Use Of Western Ideas

2025/07/28
Ahead Of 2027: Wrangling Within PDP Unsettles Atiku, Supporters
Politics

ADC Will Take Over Power In 2027 – Atiku

2025/07/28
Leadership Conference advertisement

LATEST

2027: Al-Mustapha Wants Only Leaders With Integrity Elected

FG To Boost Milk Production

Foundation Plants 3,000 Trees In Bauchi

Nigeria Deploying Technology Against Hunger – Shettima

We’re Still On Strike In YobeVarsity – ASUU

Army, DSS-backed Hybrid Forces, Kill 45 Bandits In Niger

Police Arrest Suspected Fraudster In Akwa Ibom Bank

NGO Empowers Displaced Persons In FCT With Skills

Federal Gov’t To Support Victims Of Violence, Intensify Dialogue Against Extremism

NAF Airstrike Kills ISWAP Commanders, Members In Borno

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.