2024 Budget falling short social Welfare, Vulnerable, others — HURIWA

Date:

By Abubakar Yunusa

The Human Rights Writers Association of Nigeria (HURIWA) has expressed concerns about the recently proposed 2024 budget by President Bola Ahmed Tinubu, asserting that it inadequately addresses the critical needs of the poor, unemployed, and youth demographic.

HURIWA contends that the budget lacks sufficient focus on key social welfare aspects, placing the vulnerable majority in a precarious position.

This assertion was made in a statement signed by its National Coordinator, Comrade Emmanuel Onwubiko, and shared with journalists yesterday in Abuja.

In a press statement on Monday, the association particularly highlighted the meager allocation of only 12.5% to the social sector, encompassing health and education.

READ MORE  Ecobank Group Gets $200m Syndicated Loan Facility

“This allocation falls below international standards, including commitments made in the Abuja Declaration of 2010, where African nations pledged to allocate at least 15% of their budgets to the health sector alone.

The statement emphasizes that progressive nations, such as the United Kingdom, consider social welfare a cornerstone of their budgetary framework, allocating significant portions to ensure the well-being of citizens, including provisions for the elderly, the sick, and the unemployed.
HURIWA urges Nigeria to learn from these examples and strive to achieve similar standards in its budgetary allocations.

HURIWA criticized the allocation of less than 25 percent to the social sector, especially after the government removed subsidies on gasoline and floated the naira, causing the country’s misery index to rise sporadically.
The association is particularly concerned about the contradiction between President Tinubu’s manifesto promise of a 10% allocation to the health sector and the actual allocation of a mere 4.9%.
According to the rights group, the discrepancy raises questions about the government’s commitment to the health and well-being of the Nigerian people.
HURIWA points out that debt servicing and refinancing costs are taking 30 percent of the entire budget, with debt servicing practically consuming 94.8 percent of capital expenditure,while education and health, the two most critical sectors influencing GDP growth rate and per capita income, cumulatively received only a 12.5 percent allocation.

READ MORE  AOL Administration: NCC to deploy Revenue Assurance Solutions

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

NUPRC CEO alerts on skills gap due to drop in offshore investments

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the...

Arsenal begin new Premier League season with emphatic 3-0 win over Coventry 

Arsenal begin new Premier League season with emphatic 3-0...

Kogi: KONGONET Demands Urgent Action On Security, Health Workers, Others

  The Kogi NGOs Network (KONGONET) has called on the...

Just In: Tinubu Orders Arrest of Three Perm Secs Over Newly Uncovered Fake Agencies

President Bola Tinubu has ordered the immediate arrest of...