Olisa Metuh |
Peoples Democratic Party (PDP) has described the N6.8 trillion budget for 2016 presented by President Muhammadu Buhari before the National Assembly as a big fraud.
The party also
described the first budget presented by the All Progressives Congress
(APC)-led government as executive conspiracy tailored towards mortgaging
the future of the nation.
PDP, in a statement by its National Publicity Secretary, Olisa Metuh condemned the President decision to borrow N2 trillion.
The party
described the borrow as not only the biggest in the history of the
nation, but the height of recklessness and deceit from a government that
trends on propaganda.
PDP further
condemned President Buhari-led 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 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 party said
that the budget clearly shows that after seven months in power,
President Buhari and his party, the 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," PDP said.
The party
however, requested President Buhari to once again to involve experienced
and well-tested hands in the management of the economy and budgeting
processes, adding, "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, care should be taken to save ourselves from unrealistic and
deceptive programmes."
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