Buhari’s budget a big fraud ‎- PDP

Buhari’s budget a big fraud ‎- PDP
By abdulwasiihassan@yahoo.com | Publish Date: Dec 22 2015 5:30PM | Updated Date: Dec 22 2015 5:31PM
Buhari’s budget a big fraud ‎- PDP
The Peoples Democratic Party (PDP) has described the N6.8 trillion 2016 federal budget presented by President Muhammadu Buhari Tuesday as a "big fraud" and "executive conspiracy" which it said is tailored towards mortgaging the future of the nation.
The party queried President Buhari’s decision to borrow N2 trillion which it claimed was the biggest in the history of the nation.

The PDP in a statement Monday by its national publicity secretary, Chief Olisa Metuh alleged that the federal government was 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 what it described as huge campaign debts.

The PDP said the budget clearly showed that after seven months in power, President Buhari and his party, the All Progressives Congress (APC) are yet to differentiate between governance and campaign propaganda.
It said there is need to regulate campaign promises in the future so that Nigerians will not end up with a government that promised to "climb Mount Everest with bare hands" and end up "mortgaging" the future of the nation through borrowings.
"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," the PDP said.
‎It requested Buhari to involve experienced and well-tested hands in the management of the economy and budgeting processes. ‎

But the national chairman of the All Progressives Grand Alliance (APGA) Dr. Victor Ikechukwu Oye in a telephone interview with Daily Trust said the budget has shown President Buhari's economic direction.

"It was a reasonable budget presented to the National Assembly by Mr. President. It shows commitment for him to have gone to the National Assembly to present the budget himself. This is a complete departure from the past.

"The budget is in order; it is okay because we believe it will bring about sanity in the system and economic direction ‎for good governance and socio-political development of the nation and its citizenry," he said.
Read more at http://dailytrust.com.ng/news/news/buhari-s-budget-a-big-fraud-pdp/125597.html#52IC6zAzM7FGP1p5.99