Governor of Ekiti State, Ayo Fayose yesterday took a critical swipe at the 2017 budget presentation exercise by President Muhammadu Buhari two weeks ago, saying borrowing to finance the budget signaled doom for the nation’s economy.
The governor spoke in Government House yesterday against the backdrop of a recent confession by the FG that 2016 budget of over N6 trillion had performed at about 40 percent.
Governor Fayose during the distribution of 7000 eye-glasses to indigent Ekiti people with bad eye-sight, said: ” If we borrow this much to finance 2017 budget, it means we will continue to borrow even till 2019 and the rate at which this government is borrowing money, I hope they will not plunge Nigeria into eternal debt, enslavement and misery. This has been the fear of many who are against borrowing of N30 billion loan. And we will continue to borrow without attempting to concretely tackle the dwindling rate of our currency.
“What the federal government is doing is in the wrong direction. You see, one sad thing is that once the head is right, the whole body would not be right. The FG under President Buhari does not have what it takes to lead this country economically and beyond. They themselves confirmed that the 2016 budget performed below about 40 percent so that is to tell you that they lack the vision, and don’t know what they are doing and are only deceiving Nigerians.”
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