Read the PDP press statement below...
The PDP in a statement by its National
Publicity Secretary, Olisa Metuh on Monday
criticized 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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