The party described the budget as a "big fraud and executive conspiracy tailored towards mortgaging the future” of Nigeria.
The Peoples Democratic Party (PDP) launched a fierce attack on the N6.8 trillion 2016 federal budget presented by President Muhammadu Buhari on Tuesday, December 23, 2015 at the National Assembly. The party described the budget as a "big fraud and executive conspiracy tailored towards mortgaging the future” of Nigeria.
The National Publicity Secretary of the party, Chief Olisa Metuh, disclosed this in a recent press statement. "The party slammed the decision of the Buhari led administration to borrow a whooping sum of N2 trillion, the largest ever in the history of Nigeria. PDP termed the decision as the height of recklessness and deceit from a government that trends on propaganda.”
The Peoples Democratic Party also denounced the bogus and white elephant projects in the budget, claiming that APC was yet to know the different between governance and campaign propaganda.
“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,” the statement read.
“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.”
“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.”
However, Senator Stella Oduah (Anambra-North Senatorial District) begged to differ from the opinion of her party. On the other hand, she described the budget as "very robust and seemingly thorough and well-thought out.” The senator also said that she is confident the provisions in the budget will positively address the economic and security situations in the country.
Stella Oduah equally commented that she was impressed by the developmental position of the budget. She further urged the government to curb the alarming rate of unemployment in the country.