Below is the breakdown of yearly budgets of the administration of the then ruling Peoples Democratic Party (PDP), under four different Presidents.
Under the PDP, we had Olusegun Obasanjo, who ruled for 8 years, Yar’Adua spent 3 years, while Dr. Goodluck Jonathan spent 5 years making it a total of 16 years.
On the other hand, President Muhammadu Buhari, of the APC who has completed his first four years and currently in his second term which will terminate in 2023, has passed through a six budget cycle, latest being the 2020 budget recently passed by the National Assembly.
Below is the breakdown year by year
PDP budget for sixteen years
1. 1999 – 299bn
2. 2000 – 702bn
3. 2001 – 896bn
4. 2002 – 1.06tr
5. 2003 – 1.45tr
6. 2004 – 1.19tr
7. 2005 – 1.6tr
8. 2006 – 1.88tr
9. 2007 – 1.237bn
10. 2008 – 2.74tr
11. 2009 – 3.05tr
12. 2010 – 4.4tr
13. 2011 – 4.7tr
14. 2012 – 4.9tr
15. 2013 – 4.99tr
16. 2014 – 4.96tr
Total = N41.22tr
APC budgets for 6 cycles.
1. 2015 – 4.4tr
2. 2016 – 6.6tr
3. 2017 – 7.4tr
4. 2018 – 9.12tr
5. 2019 – 8. 92tr
6. 2020 – 10.33tr
Total = N40.17tr
In your opinion, which of the two administrations the budget had direct impact on the economy and the people?
