Buhari 2016 national budget is a major misrepresentation and Fraud- PDP

kokolevel.com

Peoples Democratic Party has described
the N6.8tn 2016 federal budget presented by President Muhammadu Buhari
on Tuesday as a big fraud.

It also described it as an executive conspiracy which it said was tailored towards mortgaging the future of the nation.
The party, which was in power for 16
years before it was defeated during the last general election, also
queried President Buhari’s decision to borrow N2tn, which it described
as the biggest in the history of the nation as “the height of
recklessness and deceit from a government that trends on propaganda.”
PDP in a statement by its National
Publicity Secretary, Chief Olisa Metuh in Abuja on Tuesday, berated the
Federal Government for trying to use their bogus welfare programme and
capital projects as cover and conduit to siphon the funds to satisfy
partisan interests, particularly to settle huge campaign debts.
Metuh said, “It is obvious that this
budget is an extension of the campaign promises of the All Progressives
Congress 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 more so 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”
Metuh added that  the budget clearly
showed that after seven months in power, President Buhari and his party,
were yet to differentiate between governance and campaign propaganda.
He said, “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?”

Metuh added that in future, there was
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.

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