What We Learnt from Buhari’s Presentation of the 2023 Budget

October 7, 2022

On October 7th, 2022, Muhammadu Buhari presented his final annual budget as the president of Nigeria. 

What We Learnt from Buhari's Presentation of the 2023 Budget

He proposed a bill of ₦20.51 trillion to the National Assembly in a long speech that surprisingly didn’t put us to sleep. Here are the things we learnt from his presentation of the 2023 budget.

Buhari is proud of his achievements

Buhari has only seven months left until the end of his eight-year reign as Nigeria’s president, so it’s expected that he’d be in a reflective mood. 

He travelled down memory lane to talk about his supposed achievements in the areas of infrastructure and good governance.

He also talked about his government’s “impressive” investment in improving Nigeria’s power generation to 4,000 megawatts. Let’s not forget that this figure is serving a country of over 200 million people. 

The president also forgot to mention the seven times the national grid collapsed this year and stressed Nigerians.

Buhari wants your taxes

What We Learnt from Buhari's Presentation of the 2023 Budget

Bring before me all your taxes so I can afford a medical trip to London

Nigeria wants to be a baller, but it’s currently on a mechanic’s income, and Buhari doesn’t like that so much. The president described revenue shortfall as the “greatest threat to Nigeria’s fiscal viability”. 

And his most prominent solution for addressing that is checking inside the pockets of Nigerians to collect taxes, but sapa has already beaten the government to it.

Everyone is worried about crude oil theft

What We Learnt from Buhari's Presentation of the 2023 Budget

One of the main causes of Nigeria’s revenue shortfall is decreased earnings from crude oil which is the nation’s main source of income. This decrease is due to the activities of oil thieves who are lining their personal pockets with resources that belong to everyone. 

What We Learnt from Buhari's Presentation of the 2023 Budget

The Senate President, Ahmad Lawan, described the thieves as “the worst enemy of Nigeria” in his opening speech. We don’t know if that’s because he really cares about Nigerians or because the situation potentially puts his own jumbo allowances in jeopardy. 

Buhari and the Speaker of the House of Representatives, Femi Gbajabiamila, also raised concerns about the theft. We just didn’t hear them propose concrete solutions to stop the stealing.

Buhari isn’t worried about Nigeria’s gbese

What We Learnt from Buhari's Presentation of the 2023 Budget

Even though Nigeria isn’t making as much as it needs, and is using much of its meagre revenue to service heavy debt, Buhari still isn’t worried. 

With Nigeria’s total public debt at ₦42.9 trillion, Buhari considers Nigeria’s position as within acceptable limits compared to other countries. So, he thinks this is an “I better pass my neighbour” situation even if both neighbours are stranded in a sinking boat in the middle of the Atlantic Ocean. 

In Buhari’s proposal, Nigeria will even borrow an additional ₦8.8 trillion to finance the 2023 budget.

ASUU strikes are forever?

Nigerian students have been sitting at home for eight months due to the strike action by university lecturers over the government’s failure to respect agreements made several years ago. 

Students watching Buhari’s 2023 budget presentation wouldn’t have been too pleased to hear the president say his government won’t sign any agreements it can’t implement due to scarce resources.

The president proposed that the government and the people jointly share the cost of education and build a more sustainable system. He didn’t elaborate on how this can happen, but you can imagine it won’t be his problem for much longer.

Buhari has set a standard

Before Buhari became president, Nigeria’s budget presentation and passage used to be chaotic, especially with timelines. But this is the third consecutive year that a national budget will be signed before the beginning of the year it’s proposed for. The timely passage of the budget helps better with implementation and fosters a healthy process. It’s not much, but it’s not nothing. Sai Baba, maybe?

Buhari loves his National Assembly bromance

What We Learnt from Buhari's Presentation of the 2023 Budget

In his final budget presentation, Buhari didn’t miss the opportunity to note that he’s enjoyed the massive support of the current National Assembly for his second term in office. 

Critics have called them a rubber stamp assembly for being yes-men to Buhari, but the president, who loved getting their many yeses, gave them a shoutout before he dropped the mic.

Join The Conversation

Bring a friend.

You'll like this

January 15, 2020

1) Not dropping offering money so you can buy ice cream after church. 2) Your parents offering to help you “save” the money visitors dash you. 3) Keeping the change when you run an errand. 4) Greeting the visitor over and over again so they will drop money. 5) Slightly inflating the price of textbooks. […]

November 17, 2020

“A Week In The Life” is a weekly Zikoko series that explores the working-class struggles of Nigerians. It captures the very spirit of what it means to hustle in Nigeria and puts you in the shoes of the subject for a week. The subject for today’s “A Week In The Life” is *Tola. He collects […]

Watch

Now on Zikoko

December 1, 2022

On November 30, 2022, the Federal Government absolved itself of total blame concerning poverty in Nigeria. The Minister of State for Budget and National Planning, Clement Agba, shifted some of the blame to governors of the 36 states. The minister said the governors should stop spending borrowed money on unnecessary projects and spend on projects […]

Recommended Quizzes

October 10, 2019

2019 is certainly Burna Boy’s year, but, if we are being honest, so was 2018. Since his transcendent mixtape, Outside, the afro-fusion star has refused to get his foot of our necks — dropping a string of fantastic singles and then capping it all off with his career-best album, African Giant.  So, in a bid […]

November 14, 2019

The fourth season of Big Brother Naija came to an end over a month ago, but the conversation surrounding the housemates is far from over. So, in a bid to keep the fire burning, we decided to create a quiz that tells you which famous member of the ‘Pepper Dem’ gang is your soulmate. Take […]

November 11, 2019

Everyone has something to say about what kind of person they are. But how well do we truthfully evaluate these things? Not that much, I can assure you. The average person is always lying to themselves to make sure they look good. But you know what and who doesn’t lie? Zikoko quizzes that’s what. Take […]

April 9, 2020

At some point in life, we all learnt that someone can be very intelligent and still lack common sense. That’s the difference between being book smart and being street smart. If you’re not sure where on the spectrum you fall, well, that’s what this quiz is here to tell you. Take it:

More from Citizen

December 1, 2022

On November 30, 2022, the Federal Government absolved itself of total blame concerning poverty in Nigeria. The Minister of State for Budget and National Planning, Clement Agba, shifted some of the blame to governors of the 36 states. The minister said the governors should stop spending borrowed money on unnecessary projects and spend on projects […]

December 1, 2022

Election season in Nigeria isn’t only about who can hold the biggest rallies or make the most eye-catching promises, it’s also about who can throw the biggest insults.  That’s why it’s not a surprise that the camps of the presidential candidates of the Labour Party (LP), Peter Obi, and All Progressives Congress (APC), Bola Tinubu, […]

November 29, 2022

A member of Nigeria’s first family is trending on social media over the mistreatment of a young Nigerian over the past few days. The attention she’s got has come with various taunts, public outcries, and even different forms of body shaming against her and the Nigerian government.  The person in question is none other than […]

Watch

Trending Videos

Zikoko Originals

September 13, 2022
Vs The World is a Zikoko original video series that follows best friends Astor and Hassan as they take on the world.
August 23, 2022
Zikoko Ships is a Zikoko Original series where we invite two people who share a relationship to play the Zikoko card games
December 14, 2020
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
November 2, 2020
'The Couch' is a Zikoko series featuring real life stories from anonymous people.
October 26, 2020
A collection of videos documenting some of the events of the EndSARS protests.
June 22, 2020
'The Couch' is a Zikoko series featuring real life stories from anonymous people.
June 22, 2020
Hacked is an interesting new series by Zikoko made up of fictional but hilarious chat conversations.
June 4, 2020
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
June 2, 2020
Quickie is a video series where everyone featured gets only one minute to rant, review or do absolutely anything.
May 14, 2020
Isolation Diary is a Zikoko series that showcases what isolation is like for one young Nigerian working from home due to the Coronavirus pandemic.

Z! Stacks

Here's a rabbit hole of stories to lose yourself in:

Zikoko amplifies African youth culture by curating and creating smart and joyful content for young Africans and the world.
X