Buget: PDP Reacts To 2016 Budget

The 2016 federal budget presented by President has indeed raised views and critics amongst is the opposition party.The People's Democratic Party described the N6.8 trillion budget presented by the President as an executive conspiracy tailored towards mortgaging the future of the nation.

In a statement by its National Publicity Secretary, 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.

“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,” PDP said.

The PDP also said the budget clearly showed that after seven months in power, Mr. Buhari and his party, the All Progressives Congress were yet to differentiate between governance and campaign propaganda.“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? 

“In future, there is 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.

“Finally, we want to request Mr. President to once again to involve experienced and well-tested hands in the management of the economy and budgeting processes. This economy is not for Mr. President, neither is it for the APC.