Read the PDP press statement below...
The PDP in a statement by its National Publicity Secretary, Olisa Metuh
on Mondaycriticized the Vice President-elect for failing to be bold and
honest enough to also inform the nation that bulk of the $63.7 billion
debt was incurred by APC states."It is indeed unfortunate that the Vice
President-elect who has the details of the debt stock chose to be
economical with the truth and to mislead Nigerians just to discredit the
current PDP-led administration and rationalize APC’s unpreparedness for
governance.
“Prof. Osinbajo is aware that the $63.7 billion is made up of external
and domestic debts belonging not only to the Federal Government but to
federal and state governments and accumulating since the 1960s, yet he
deliberately misrepresented the facts to give the unsuspecting public
the impression that the amount was exclusively incurred by the current
Federal Government.
“Perhaps the Vice President-elect avoided the details so as not to
expose the fact that the APC controlled Lagos state has both the highest
external debt stock of $1,169, billion as well as the highest domestic
debt stock of N278, 867 billion.
“Furthermore we find it unacceptable and unstatesmanly for the Vice
President-elect to attempt to mislead Nigerians into believing that the
total federal debt component was accumulated under the President
Goodluck Jonathan-led administration, when it is on record that a
greater chunk of the amount was inherited”, the statement said.
The party said it was also on record that part of the contemporary
borrowing from the domestic bond market was occasioned by the global
economic and financial crisis as well as the downturn in crude oil
revenue, which adversely affected other economies of the world.
Berating the in-coming administration for dwelling on excuses and
reneging on campaign promises, the PDP wondered if the APC and the
President-elect, General Muhammadu Buhari did not know about the
economic challenges caused by the dwindling oil revenues before making
their bogus promises to Nigerians.
“The APC must fulfill its promises for which Nigerians voted for them.
Were they not aware of the debt stock and the dwindling oil revenues
before making their huge promises to the people? Were the promises only
intended as carrots to mislead the people and deceitfully win their
votes after which they are dumped?” the PDP queried.
The party said the in-coming administration should stop contriving
excuses and understand that Nigerians expect nothing short of the
fulfillment of its campaign promises in its four years rule, especially
given that the solid foundation for wealth creation has already been
laid by the PDP, which also remained truthful and honest in making
promises to the people during the campaigns.
The PDP said “come June ending, the APC must be ready to commence in a
very transparent manner, the payment of monthly N5,000 to 25 million
poor Nigerians from across the country, monthly allowances for
discharged but yet to be employed youth corps members as well as
commence delivery of free meals to school children among other
promises”.
Signed:
Olisa Metuh
National Publicity Secretary
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