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The N13.08 trillion budget for 2021 presented by President Muhammad Buhari is seemly a clear case where many poor Nigerians will work harder to provide more for the rich to lavish.The poor will suffer more in 2021. Thus they will pay higher taxes via increased cost of goods, increased utility bills and other services.Highlights of the budget shows that almost N10 trillion is for non revenue generated and non developmental expenditure.It is strictly for personal gain and loan repayment expenditures for the privileged few at the expense of the larger poor masses.N3.124 trillion is budgeted for repayment of already existing loans.Buhari will again borrow N4.28 trillion new loans in 2021.N5.65 trillion is for non debt service recurrent cost.N3.76 trillion for personnel cost.N128 billion for National Assembly.Buhari said MDA should focus more on internal revenue generation.Excerpts:2021 BUDGET SPEECH:












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