The Peoples Democratic Party, PDP, has warned Vice President Prof. Yemi Osinbajo against bandying debt figures in an attempt to cover the failures of the All Progressives Congress, APC, and President Muhammadu Buhari.
The PDP said instead of dishing out figures about the nation’s debt profile, the Vice President should present to Nigerians the scorecard of the present administration.
In a statement by its spokesman, Kola Ologbondiyan, the PDP said it was already a settled fact that the nation’s debt profile escalated under “the Buhari administration, which crippled our once robust economy, pushed it into recession, turned our nation from a growing economy to a debtor country and world’s poverty capital.”
The statement said, “Osinbajo is challenged to present to Nigerians, the scorecard of APC administration, for which President Muhammadu Buhari has now lost his carriage as a leader.
”Despite being busted, Osinbajo is labouring to deceive Nigerians by converting domestic borrowings in Naira, under the APC, to US dollars, so that the very high exchange rate will make it look smaller in dollars.
”This is despite verified figures even from agencies of government showing an accumulation of 29.6% debt under Buhari as against the 20.14% under the Yar’Adua and Jonathan administration and the 0.44 % under the Obasanjo administration.
“Osinbajo is reminded that he is the head of Buhari’s economic team and should therefore, not in anyway, parade himself as if he has no blame at all in the failures of this administration.
”Nigerians are no longer swayed by Osinbajo’s homilies and lip service to fiscal federalism, which he is now mouthing, just because the 2019 general election is around the corner.”
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