ASUU Declares 2016 National Budget A Big Failure

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ASUU President, Dr Nasir Isa

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Paul Obi in Abuja

The Academic Staff Union of ( ASUU) on Tuesday took a swipe at the 2016 national budget presented by President Muhammadu Buhari, declaring that the appropriation is a big failure in many respects.

The group explained that considering the many national challenges confronting the Nigerian economy, the 2016 budget fell short of expectations of citizens in various dimensions.

ASUU made this known at a briefing on national issues in Abuja. The union further argued that the 2016 national budget as presently appropriated by the Buhari administration is a step backward to the days of ‘debt trap’ syndrome.

ASUU President, Dr Nasir Isa, told journalists that “the budget does not address the issues of the violation of the Nigerian Constitution on the privatisation of the commanding heights of the economy.

“Failing to do this, it leaves untouched a very basic problem of national economic development, the very source of the corruption that destroyed the Nigerian economy.

“We do not see a new alternative strategy for development. The 2016 budget risks returning Nigeria to the ‘debt trap’ in order to fund recurrent expenditures,  the government will have to go borrowing. It is worrisome that the IMF and the World Bank are already courting, praising and toasting the new government in Nigeria.

“The President has said that Nigeria will not go borrowing, whereas the Minister of Finance has been consistently affirming that we have to borrow in order to fund the 2016 budget,” ASUU observed.

The union stated that given the prevailing economic situation in the country, it will be wrong to support government’s decision to borrow in order to fund the budget.

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