The Peoples Democratic Party (PDP) has described the N6.8 trillion 2016 federal budget presented to the National Assembly by President Muhammadu Buhari as “a big fraud and executive conspiracy tailored towards mortgaging the future of the nation.”
The party faulted the President’s decision
to borrow N2 trillion, describing it as the height of recklessness and deceit
from a government that trends on propaganda.
In a statement issued on Tuesday by its
National Publicity Secretary, Chief Olisa Metuh, the PDP accused the government
of trying to use 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.
The statement said, “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 showed
that after seven months in power, the administration cannot 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.”
No comments:
Post a Comment