The Buhari Media Organization
(BMO) on Tuesday in Abuja challenged the Peoples Democratic Party (PDP) to
disprove Vice President Yemi Osinbajo’s clarification of the country’s past and
present debt profile.
The organization gave
the challenge in a statement following the Vice President’s explanation that
the President Muhammadu Buhari-led administration met a debt burden of $63
billion but borrowed $10 billion since assumption of office.
The organization in a
statement signed by its Chairman, Niyi Akinsiju and Secretary Cassidy Madueke,
said the Vice President`s explanation was most appropriate, especially in this
season of misinformation and outright lies.
It noted that
Nigerians had for several months been fed with half-truths and disinformation
by PDP on a humongous figure of foreign loans supposedly incurred by the
administration.
“It was so bad that a
party which presided over the highest figure of oil receipts in the nation’s
history was accusing a more discerning government of mismanagement of funds,“
BMO added.
It wondered how a
party under whose watch the country earned $381 billion between 2010 and 2014
could leave a debt burden of $63billion with little on ground in terms of
infrastructure.
The organization
added that the PDP administration also left an outstanding $9 billion debt to
International Oil Companies (IOCs) for international cash call as well as
several abandoned projects.
It stressed that on
the other hand, the Buhari-led APC administration had the lowest oil revenue in
the country’s history and was doing a lot more across the country`s six geo
political zones.
”Yet, the
administration has not only turned the country into a giant construction site.
It has also provided budget support and bail outs to about 22 states which had
several months of workers’ salary arrears,” the BMO explained.
It added that the
Buhari administration had also paid outstanding pensions of ex-Biafran soldiers
and former staff of the defunct Nigerian Airways and introduced the country’s
first social welfare programme for the poor.
The BMO maintained
that it was an incontrovertible fact that the Buhari administration had done
more with less in three and half years than the 16 year of PDP where the
country earned $862 billion from oil alone.
It, therefore, wants
Nigerians to be wary of ”pseudo-economists” who had been coining alternative
facts in a bid to water down the gains of the last three years of the APC-led
administration. (NAN)
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