The Peoples Democratic Party (PDP) has faulted the 2025 budget proposal presented by President Bola Ahmed Tinubu, describing it as “unrealistic, opaque, and insincere.”

PDP National Publicity Secretary, Debo Ologunagba, in a statement said the budget was anti-people, warning that its implementation would worsen insecurity, poverty, and despair across the nation.

Tinubu unveiled the 49.7 trillion naira 2025 budget proposal during a joint session of the National Assembly, allocating 4.91 trillion naira for defence and security, 4.06 trillion naira for infrastructure, 2.48 trillion naira for health, and 3.52 trillion naira for education.

But the opposition party criticized the budget presentation, alleging it was riddled with unverified economic figures and empty campaign promises.

PDP accused the Tinubu-led administration of failing to make meaningful investments in critical sectors such as agriculture, electricity, petroleum, and small and medium-scale enterprises.

It alleged the budget’s lack of clarity, particularly on capital and recurrent expenditure details and expressed dismay over the President’s claim of an 85% performance rate for the 2024 budget without a breakdown between capital and recurrent expenditures.

The PDP also described as “ludicrous” Tinubu’s assertion that the 2025 budget would reduce inflation from 34.6% to 15% and improve the Naira’s exchange rate from N1,700 to N1,500 per dollar.

The PDP urged the National Assembly to reject the 2025 budget in its current form, invoking its constitutional powers to restructure the proposal to prioritise economic growth and citizens’ welfare.