PDP Brands Buhari’s 2016 Budget A ‘Fraud And Executive Conspiracy’
The opposition party, Peoples
Democratic Party (PDP) has branded the N6.8 trillion 2016 federal budget
presented by President Muhammadu Buhari on Tuesday, December 21, as a
big fraud and executive conspiracy tailored towards mortgaging the
future of the nation, Vanguard reports.
READ ALSO: Budget 2016: Buhari Presents N6.08trn To NASS
According
to a statement on Tuesday by the National Publicity Secretary, Chief
Olisa Metuh, the PDP claimed that the federal government and the All
Progressives Congress are trying to use the ‘bogus welfare programme and
phantom capital projects as cover and conduit to syphon funds’.
The
statement read: “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.”
“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.”
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