![](\"http:\/\/arewa.ng\/wp-content\/uploads\/2018\/12\/2019-Atiku-reveals-what-he\u2019ll-do-if-elected.jpg\")
<\/p>\nAbubakar said the 2019 budget presented by Buhari was \u201cfundamentally flawed,\u201d adding that the budget was built on a \u201cshaky foundation.\u201d<\/p>\n
In a statement he signed and issued on Sunday, the Waziri of Adamawa stated that it will be a disservice to the nation if the \u201cfundamental flaws\u201d are ignored.<\/p>\n
Buhari had last week presented a budget proposal of N8.83 trillion for 2019 to a joint session of the National Assembly on December 19, 2018.<\/p>\n
Reacting to the budget, Atiku accused the Presidency of filling the budget proposal with several inaccurate claims and making attempts to hide its failure to improve the welfare and living standards of Nigerians.<\/p>\n
The statement entitled \u2018My Takeaways from Budget 2019\u2019 reads: \u201cThe proposed budget as presented is fundamentally flawed.<\/p>\n
\u201cIt deliberately ignores and fails to address current realities and pretends, as Mr President asserts, \u2018we are on the right direction.<\/p>\n
\u201cOn the contrary, the 2019 budget is built on a very shaky foundation and makes very generous, often wild and untenable assumptions which pose significant risks to its implementation.\u201d<\/p>\n
\u201cI see the rhetoric of \u2018inclusive, diversified and sustainable growth\u2019 as no more than an amplification of the All Progressives Congress (APC)-led government\u2019s renewed propaganda to hoodwink the citizens into believing that there is \u2018light at the end of the tunnel.\u201d<\/p>\n
Abubakar stated that the economy has yet to recover from the 2016\/2017 recession as it remains \u201cseverely stressed, extremely fragile and vulnerable to external shocks.\u201d<\/p>\n
The former Vice President stated that the nation\u2019s Gross Domestic Product (GDP) growth declined from 2.11 per cent in 2017 to 1.9 per cent in Q1, and to 1.5 per cent in Q2 of 2018.<\/p>\n
He, however, noted an increase of 0.3 per cent to 1.8 per cent in Q3 of 2018.<\/p>\n
\u201cIn reality, Mr. President should expect no less. It is a fact that under his watch and resulting from his actions or inactions, investor confidence in the economy has waned like never before in Nigeria\u2019s history.<\/p>\n
\u201cNigeria remains an uncompetitive economy as demonstrated by the recent World Economic Forum (WEF), Global Competitiveness Index which positions Nigeria as 115th of 140 Countries.<\/p>\n
\u201cThe Report shows that Nigeria has moved three places down, contrary to Mr President\u2019s claim that \u2018we are moving in the right direction\u2019. Nigeria remains one of the most difficult places to do business as evidenced by the massive outflows of capital in recent times,\u201d he said.<\/p>\n
On the way forward, Abubakar said there should be an alternative to the government\u2019s budget proposal.<\/p>\n
He stressed that Nigeria needed a government which understands how to run the economy in order to get it working again.<\/p>\n
\u201cFor the avoidance of doubt, an Atiku Presidency, come 2019, will present to Nigerians a people\u2019s budget that will prioritise and focus on the twin challenges of unemployment and poverty.<\/p>\n
\u201cNigeria\u2019s high rates of unemployment, poverty and inequality represent both a significant distortion in the economic system and a lost opportunity for critical national development and could potentially threaten social stability,\u201d he added.\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The presidential candidate of the Peoples Democratic Party, PDP, Atiku Abubakar, has rubbished the 2019 budget President Muhammadu Buhari presented at the National Assembly last week. Abubakar said the 2019 budget presented by Buhari was \u201cfundamentally flawed,\u201d adding that the budget was built on a \u201cshaky foundation.\u201d In a statement he signed and issued on […]<\/p>\n","protected":false},"author":1,"featured_media":69314,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[],"class_list":["post-72476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts\/72476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=72476"}],"version-history":[{"count":0,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts\/72476\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/media\/69314"}],"wp:attachment":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}