**Says Inflation, debt, forex crisis will worsen
As the National Assembly passes the record-breaking ₦54.99 trillion 2025 budget, former Presidential candidate of the Social Democratic Party( SDP) Adewale Adebayor has sharply criticized the financial plan, calling it poorly designed and economically dangerous.
Speaking on the feasibility of the budget, Adebayor dismissed the increase in figures as superficial, arguing that it fails to address core economic challenges, saying it has missed the mark
“Increasing the overall budget does not improve its structure. It doesn’t account for the country’s actual revenue, doesn’t meet the minimum benchmarks of previous years, and worsens our debt situation,” he stated.
According to him, instead of focusing on investment, infrastructure, and economic stability, the government has pumped money into the wrong areas, which will aggravate inflation and disrupt monetary policy goals.
Adebayor warned that Nigerians, both in the public and private sectors as he called on Nigerianss to brace for a worsening financial crisis, including higher inflation,
Severe forex instability, Ballooning debt and rising poverty levels
Looking beyond the economy, Adebayor pointed out that only one more budget will be passed before the next elections.
He urged Nigerians to view this financial mismanagement as a wake-up call, suggesting that the current administration may not be capable of making the necessary corrections.
“The people should prepare to replace this government. The correction will have to come from the next administration,” he concluded.
With analysts sounding the alarm, all eyes are now on the government’s implementation strategy. Will they adjust course to prevent a crisis, or will Nigeria’s financial troubles continue to spiral?