Hold Executive To Account for Loans, Capital Budget Of 2025 Or Resign’ — Nigerians Tell N’Assembly Members
The Civic Alliance for Fiscal Transparency (CAFT) has asked members of the National Assembly to either hold the executive accountable for newly approved foreign loans and the delayed implementation of the 2025 capital budget or resign from office. In a statement on Saturday, Engr. Ayodele Olaposi, president of CAFT, said Nigerians were tired of a legislature that “approves loans with one hand and closes its eyes with the other.” He said the duty of lawmakers goes beyond appropriation to ensuring that every borrowed dollar and every naira budgeted for capital projects delivers visible results for the people. Olaposi said that while President Bola Tinubu’s administration had recorded revenue gains through fiscal reforms and improved oil receipts, the benefits were yet to reflect in the lives of ordinary Nigerians because the 2025 budget remained largely unimplemented. “It is unacceptable that after celebrating revenue growth and approving multi-billion-dollar loans, the ...