
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 mortgage the future of its nation by borrowing excessively
to finance partisan interests while hiding under bogus welfare
programmes. 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 taken to save ourselves from unrealistic and
deceptive programmes.
Signed:
Chief Olisa Metuh.
National Publicity Secretary.