Showing posts with label Buhari's 2016 Budget is a big fraud. Show all posts
Showing posts with label Buhari's 2016 Budget is a big fraud. Show all posts

Tuesday, December 22, 2015

Buhari’s Budget A Big Fraud - PDP

…Says President Planning To Mortgage Nigeria’s Future
                   Press Statement
The Peoples Democratic Party (PDP) describes the N6.8 trillion 2016 federal budget presented by President Muhammadu Buhari on Tuesday as a big fraud and executive conspiracy tailored towards mortgaging the future of the nation.
The party queried President Buhari’s decision to borrow N2 trillion, the biggest in the history of the nation as the height of recklessness and deceit from a government that trends on propaganda.

The PDP in a statement by its National Publicity Secretary, Chief Olisa Metuh on Tuesday berated the 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 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.