Federal Government Responds to Peter Obi’s Claims of Insensitivity in 2023 Supplementary Budget

In another response to recent claims by Peter Obi, the 2023 presidential candidate of the Labour Party, regarding the insensitivity of the 2023 Supplementary Budget, the Federal Government has firmly defended the budget as a bold and pragmatic response to Nigeria’s pressing economic challenges. The statement was made by the Minister of Information and National Orientation, HM Mohammed Idris, on November 9, 2023.

Minister of Information Defends Supplementary Budget as Pragmatic

Minister Idris emphasized that the 2023 Supplementary Budget, signed into law by President Bola Ahmed Tinubu on November 8, 2023, is not insensitive but rather a well-thought-out measure aimed at addressing critical issues facing the nation. He urged Peter Obi to familiarize himself with the details of the N2.17 trillion budget, which includes allocations for essential sectors, such as security, agriculture and food security, works and housing, wage increases for workers, a student loan scheme, and social safety nets. These allocations are designed to strengthen the country’s economic foundations and improve the living conditions of Nigerians.

“The broad provisions in the supplementary budget reflect President Tinubu’s strong desire and eagerness to support the vital functions of Federal Government, address urgent security needs, and fast-track the country’s recovery process from the economic impact caused by the removal of fuel subsidy,” stated Minister Idris.

Federal Government Calls for Informed Opposition & Discourse

Minister Idris urged the political opposition, including Peter Obi and the Labour Party, to exercise their right to express differing opinions in an informed and balanced manner. He cautioned against misrepresentation of facts for political gains, emphasizing that the supplementary budget was developed through active engagement and consultation with relevant stakeholders. This collaborative approach ensured that the budgetary provisions aligned with the needs and expectations of Nigerians.

The Minister highlighted that President Tinubu’s commitment to accountability and transparency in government expenditure is reflected in the meticulous scrutiny of all items in the supplementary budget. This scrutiny is aimed at ensuring the efficient utilization of public funds and preventing wastage. As such, the government’s response serves as a call for responsible discourse and the use of accurate information in the ongoing political discussions surrounding the 2023 Supplementary Budget.

Strengthening the Economic Foundations of Nigeria

The 2023 Supplementary Budget is a critical component of the Federal Government‘s efforts to strengthen the economic foundations of Nigeria. It addresses several key areas of concern, including:

1. Security: Given the ongoing security challenges in the country, the budget allocates substantial funds to enhance national security and combat threats to peace and stability. This demonstrates the government’s commitment to the safety and well-being of its citizens.
2. Agriculture and Food Security: The agricultural sector is a fundamental part of Nigeria’s economy, and the budget includes provisions to bolster food security, increase agricultural productivity, and support farmers. These initiatives are designed to reduce food shortages and mitigate rising prices.
3. Infrastructure Development: Investments in works and housing are essential for improving the country’s infrastructure, creating jobs, and enhancing the overall quality of life. The budget allocates resources for the development and maintenance of critical infrastructure projects.
4. Wage Increase for Workers: Recognizing the importance of a motivated and well-compensated workforce, the budget includes provisions for wage increases for public sector workers, which will improve their standard of living and contribute to economic stability.
5. Student Loan Scheme and Social Safety Nets: Access to education and social safety nets are crucial for the well-being of Nigerians. The budget supports a student loan scheme to increase access to higher education and provides a safety net for vulnerable segments of the population.

The Federal Government‘s response through Minister Mohammed Idris defends the 2023 Supplementary Budget as a strategic response to Nigeria’s current economic challenges. It calls for responsible and informed discourse within the political landscape, highlighting the government’s commitment to accountability and transparency in managing public funds. The budget’s focus on security, agriculture, infrastructure, and the welfare of Nigerian workers and vulnerable citizens demonstrates its commitment to improving the lives of the Nigerian people