Read the PDP press statement below...
The Peoples Democratic Party (PDP) describes the N6.8
trillion 2016 federal budget presented by President Muhammadu Buhari on Tuesday
as a big fraud and executive conspiracy tailored towards mortgaging the future
of the nation. The party queried President Buhari’s decision to borrow N2
trillion, the biggest in the history of the nation as the height of recklessness
and deceit from a government that trends on propaganda.
The PDP in a statement by its National
Publicity Secretary, Chief Olisa Metuh on Tuesday berated the Federal
Government for trying to use their bogus welfare programme and phantom capital projects
as cover and conduit to syphon the funds to satisfy partisan interests,
particularly to settle huge campaign debts.
“It is obvious that this budget is an extension of the
campaign promises of the APC government, presented as a manifesto filled with
bogus promises which implementation will be inconclusive, thereby allowing the
APC to once again deny their promises.
“There has never been any known economy in the world where government
deliberately mortgages the future of its nation by borrowing excessively to
finance partisan interests while hiding under bogus welfare programs. This is
moreso important as the APC in reeling out their bogus campaign promises never
informed Nigerians that they would mortgage their future through excessive
borrowing.
“We have it on good authority that this is the first in the
series of APC borrowings which would leave the future generation of Nigerians
under the burden of huge debts after four years”
The PDP said the budget clearly shows that after seven months
in power, President Buhari and his party, the All Progressives Congress (APC)
are yet to differentiate between governance and campaign propaganda.
“By all standards, the 2016 budget, the first major economic
policy outing of this government, is completely unrealistic and duplicitously
embellished with impractical predications, a development that confirms fears by
economy watchers and investors that this administration is obviously
ill-equipped for governance.
“We are indeed shocked that President Buhari and his
minister of information have come up with two different reasons for the current
fuel crisis in the country. While we appreciate the President’s apology, we
think it is high time he called this minister to order as his excessive
propaganda and blame game are ridiculing this administration and the image of
the nation.
“Furthermore, it is instructive to note the official
endorsement of Mr. President to the devaluation of the naira as against his
campaign promise of firming up the value of our currency even to the much
vaunted one naira to one dollar.
‘Does it mean that Mr. President lied his way to power, or
that he did not understand the complexities of governance when he was making
his false promises to Nigerians?
“In future, there is need to regulate campaign promises so
that we will not end up with a government that promises to climb Mount Everest
with bare hands and end up mortgaging our future with orchestrated borrowings.
“Finally, we want to request Mr. President to once again to
involve experienced and well-tested hands in the management of the economy and
budgeting processes. This economy is not for Mr. President, neither is it for
the APC. The progress of the economy is for all Nigerians and as such, due care
should be taken to save ourselves from unrealistic and deceptive programs.
Signed:
Chief Olisa Metuh
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