The Peoples Democratic Party (PDP) has described 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.
In a statement on Tuesday, by its National Publicity Secretary, Chief Olisa Metuh, the PDP 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 party berated the Federal Government for trying to use their bogus welfare programme and phantom capital projects as cover and conduit to siphon 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?” asked the PDP.
Continuing, the PDP said: “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.” Click to signup for FREE news updates, latest information and hottest gists everyday
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Reading this piece I wonder how lowly and reduced the criticism from a party (PDP) could be. Kindly come up with an equally exhaustive criticism of the budget; section by section and tell me how unrealistic the budget of change could be. Singapore, UAE, Malaysia, Brazil and a host of other serious nations once had their versions of the budget of change, they succeeded when they didn't allow corruption pollute their resolve.
ReplyDeleteThis PDP no dey shame. You budgeted 4 trillion with oil bench mark of $76 per barrel yet the price doesnt fall below $100 throughout that year and the budget itself was not implemented up to 50%. You are now blaming a government working with less than $40 per barrel with 6 trillion. This shows how useless is the party PDP.
ReplyDeleteBe wise please. What they are against is borrowing of 2 trillion. Did GEJ borrow to add to budget?
DeleteHe did not borrow to fund the budget as you think anonymous4:39am what happen when the finance minister told Nigerian at tail end of GEJ administration that they are borrowing money to pay salary even when the whole world know the 4 trillion budget was far below 50% implementation. if you don't think anything good about these country don't expect anything good from the country. Oni iranu oshi
DeleteThanks bro (Anonymous December 23, 2015 at 4:39 AM). Please educate this person that think he is wise
DeletePDP comprises of useless and shameless people. Who is the cause of our predicaments today besides PDP?
ReplyDeleteShameful and yeye people are talking as if they are not the ones that destroyed our economy within their 16 years of stealing. What it costs to take good care of our citizens if the past 16years of careless ruling was well managed.
But it is not the fault of the remaining members of the clueless PDP, the delay in putting them in prison is giving them mouths to talk.
Instead of burying their faces in the mud of shame, they are still talking. As if the Dasukigate is nothing them.
Olisa Metu i could not understand your point why not be constructive in your criticisms. Let Nigerians understand your view. By my understand you are just attacking with frustrations. To be an opposition is not just jumping to the press always without an articulated points. I have tried to read to understand you but you keep jumping from one angle to another without buttressing you view. How can you at this point talking about equating dollar to Naira. Yes it is a campaign promise but steps will be taking to stabilize it and note such can not be achieved within the first two years of this administration. Don't let us tame you prophet of doom. This your position requires a person with sound mind and body. stop ridiculing yourself with this false alarming. We are simply tired of you bizarre statements.
ReplyDeleteThis is not about party. PMB is wrong to borrow 2 trillion. When are we going to complete the debt. Have any government in the past ever borrowed that huge amount for budget in Nigeria in the past.
ReplyDeleteJust like the individual would plan how he will pay back, how is this government planning to pay back the loan before his tenure completes or is he trying to hand over debt.
Nonsense
ReplyDelete