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$63bn Debt Stock: PDP Slams APC, Osinbajo For ‘Misleading’ Nigerians

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olisa metuhThe Peoples Democratic Party, PDP, has criticized the Vice President-elect, Prof. Yemi Osinbajo (SAN), for failing to be bold and honest enough to inform Nigerians that the bulk of the $63.7 billion debt he accused the outgoing President Goodluck Jonathan administration of leaving behind was incurred by All Progressives Congress states.

In a statement on Monday by its National Publicity Secretary, Olisa Metuh, PDP expressed disappointment that the vice president-elect, who it claimed has details of the debt stock, chose to be economical with the truth and 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.

Faulting the in-coming administration for dwelling on excuses and reneging on campaign promises, Metuh wondered if the APC and the President-elect, General Muhammadu Buhari (retd.) 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, therefore, advised the in-coming administration to stop coming up with 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”.

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3 Comments

3 Comments

  1. domjay

    May 26, 2015 at 12:05 pm

    APC will fail Nigerians woefully.

  2. Kolafem

    May 26, 2015 at 3:09 pm

    If olisa Metuh feels that the VP elect was being economical with the truth because he failed to give the details of the $63 billion debt profile the outgoing government handed over, why can’t he help the incoming VP by giving the breakdown-foreign, federal including its agencies, the 36 States and FCT, components of the debts owed by past governments from Macpherson’s time etc. It seems Metuh is more economical with the truth by citing Lagos State only. How am I going to be convinced that Lagos is the biggest debtor when I don’t have facts on all other debtors. He who goes to equity must do so with clean hands

  3. Sandra

    May 26, 2015 at 5:30 pm

    I was expecting a total break down of the debt owed which was what d vp elect failed to do. Since this guy here is making an accusation, I expected he wld have given us d complete break down so we can better understand how the debt was incurred by APC states

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Politics

I Received Vision That I Would Be Governor – Oyetola

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I Received Vision That I Would Be Governor – Oyetola

Gboyega Oyetola

Governor of Osun State, Gboyega Oyetola has stated that God revealed to him in a dream that he would be Governor of the State long before he joined the race.

He revealed this while speaking at a service held to commemorate the second anniversary of his administration at the Redeemed Christian Church of God (RCCG), Osun Province 1 Headquarters, Osogbo, on Sunday.

Oyetola said, “I am ordinarily not one who sees visions but on two occasions, I had a strange encounter. Imagine the son of an Imam, receiving a Christian song in a dream. That was my encounter.

Also Read: You Are A Worthy Successor, Aregbesola Tells Oyetola

“All I could remember on both occasions was the last line of the song which says ‘IleriOluwa ni lati se’. Outside of that dream, I had never heard the song before. When the impression was heavy on my heart, I called one of my friends to ask him about the song, and he told me the song was the Track 2 of Timi Oshikoya’s album.

“He went out and got me the album and immediately I started listening to the track, my consciousness was restored and then I had an understanding of what God was saying to me. That revelation has continued to give me confidence of victory each time I am faced with legal and political battles since becoming governor.”

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Anyim Backed Out Of Defection Over Visit to Buhari – Umahi

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Anyim Backed Out Of Defection Over Visit to Buhari – Umahi

Dave Umahi

Governor of Ebonyi State, Dave Umahi has claimed that a meeting with President Muhammadu Buhari stopped former Senate President, Pius Anyim and National Assembly members from the state from defecting to the All Progressives Congress (APC).

He made the claim on Sunday while speaking during an APC stakeholders’ meeting at the Bouquet Lodge, Old Government House, Abakaliki, Ebonyi State.

Umahi claimed that Anyim who served as Secretary to the Government of the Federation (SGF) in the administration of former President Goodluck Jonathan, and others refused to defect because he outsmarted them all.

“They were planning to ambush me, but it is difficult to catch the air,” he said.

Also Read: President Buhari receives Governor Umahi after defecting to APC (Photos)

The governor insisted that he consulted all the National Assembly members and the elders from the state about his defection from the Peoples Democratic Party (PDP), adding that they all agreed to the defection arrangement.

“Let me tell you, I’m not afraid of anybody but I respect everybody. But I have said that if God sent me, this will be the last fight in this state,” he said.

Umahi added: “All these people that came together to fight me, they collect contracts, they collect monthly pay, they collect vehicles. And when they are asked to bring people that worked for us, they will bring their wives, children and relations.

“Now, they are dressing words for us. We are in chapter one, in Chapter two, I will publish all that I have done for the leaders of this state.”

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Sanwo-Olu Names Building After Tinubu, Warns Youths Against Vandalism

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Sanwo-Olu Names Building After Tinubu, Warns Youths Against Vandalism

Babajide Sanwo-Olu

Governor Babajide Sanwo-Olu of Lagos has named the newly built Apapa-Iganmu Local Council Development Area after the National Leader of the All Progressives Congress (APC), Bola Ahmed Tinubu.

This was made known in a statement by the Chief Press Secretary to the governor, Gboyega Akosile.

Sanwo-Olu also named the Agboyi-Ketu LCDA after the late Senator of Lagos East Senatorial District, Adebayo Osinowo.

He stated that the recent #EndSARS protests brought out the need for the government to double their efforts and prioritize youth development and empowerment.

Also Read: No Pardon For Rapists, Says Sanwo-Olu

The governor however warned youths against the destruction of the government’s assets built with public funds.

Sanwo-Olu disclosed that the decision of the council leadership in Agboyi-Ketu to name the edifice after Osinowo testified to the contributions he made to the development of the council.

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