“2017 N7Trillion Budget Will Not Do Anything for Nigeria” – VP Osinbajo

Vice President of Nigeria, Prof. Yemi Osinbajo has revealed the proposed N7 trillion budget for next year will not do anything to bring Nigerians out of recession as it would not make a huge difference in Nigeria’s N90 trillion economy.

Speaking at a program organized by Honeywell Group in Sagamu, Ogun State, yesterday, December 1st, Osinbajo said President Muhammadu Buhari has spoken about diversifying the economy.
apc-government-will-inherit-nigerias-worst-economy-ever-osinbajo-e1439579593515-678x381He said:

“Our entire budget size for 2016 is something in the order of just over six trillion naira, and we will probably be moving to about seven trillion in the 2017 budget. But seven trillion is certainly not the kind of money, it does sound like a fair amount of money, but certainly, its not the kind of size that can really make a huge difference in a ninety trillion naira economy such as we have,”

“So the real issue is that, the contribution of the federal government, is catalytic, the federal government can only make some catalytic contributions in terms of infrastructure, and some incentives for the private sector.

“The real contribution is going to come from the private sector and that’s why these partnerships are absolutely important to us, and what we are looking at is some game-changing type of projects, such as we have here.”

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  • comrade segun

    And Una never approve am

  • And yet it was approved… hehehehe funny country

  • Cornel Nwankwo

    Osinbanjo is very funny, he wants to increase budget because of his personal intentions

  • I just dey laugh

    Nigeria leaders are always funny

  • Mezzy Gilbert

    I dey come

  • WillieBravo

    I guess what he meant to say was that there’s not enough to steal or not enpugh to go round all the thieves.

  • chika bibian

    Hmmm…really oga VP….

  • Mohammad Isah

    Did he just say will not do anything?? Seriously

  • emekachilaka

    So why telling us abeg de should carry out their job and stop talking too much

  • Kenny D Osonwa

    Please Nigeria is turning into hell on earth. .what is all these?

  • kayode akinsanya

    Hmmmm……Mr VP it’s your work over to you

  • Olovo Obinna

    This people are not ready to rule us if not….he should not be telling us this….if that money/budget is used/applied rightly … me 9ja will be a safe heaven for all