Nigerians Are Not Paying Attention To The 2024 Budget Amid Rising Food Prices – Bismarck Rewane

The Managing Director and Chief Executive Officer, Financial Derivatives Company Limited, Bismarck Rewane has come out to say that Nigerians are more concerned about the rising food prices and less bothered about the 2024 budget.

He recently had his say via his social media page, and Nigerians have been reacting.

According to him, many Nigerians are less interested in the details of the 2024 budget recently presented to the National Assembly by President Bola Tinubu, because they are too busy worrying about the rising food prices.

Rewane added that no Nigerian is currently interested in if the budget is balanced and what the debt is.

His words, “In the end, budgetary arithmetics, budgetary mathematics in economics is of no use to anybody except when by this time, six months, if we are buying rice at N40,000 a bag rather than N60,000 a bag, if we are buying bread N900 a big loaf instead of N1,300 which we are doing today. If we are buying garri at lower prices.

The people are not interested in whether the budget is balanced and what the debt is. How does it (the budget) affect their day-to-day livelihood? That is the key thing.

You will notice that on the streets of Lagos in particular, the number of lunatics has increased and part of it is driven by poverty.

We are having many mental health issues. People are pushed to the wall. Some of them walk across the road even in moving traffic.”

WOW.