Printing of N60bn by CBN, wake up call for Buhari, APC – PDP warns

By AdvocateNews on 17/04/2021

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The Peoples Democratic Party (PDP) has said the recent statement by the Edo State Governor, Godwin Obaseki over the printing of N60 billion by the federal government, which was shared to states is a wake-up call for President Muhammadu Buhari and his party, the All Progressives Congress, APC.

Governor Godwin Obaseki had in a statement on Thursday, advised the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed to rally Nigerians to stem the obvious fiscal slide facing the Country and take urgent steps to end the current monetary rascality to prevent the prevailing economic challenge from degenerating further.

Addressing newsmen in Benin City on Thursday, the Edo State Chairman of the People Democratic Party, PDP, Mr. Tony Aziegbemi, described Governor Obaseki’s statement as a wake-up call on Nigerians including President Muhammadu Buhari, the All Progressives Congress (APC)-led Federal Government.

He said it was a call to revert the rising national debt of N32 trillion, 18.17% inflation rate and 43% unemployment rate in Nigeria.

The PDP Chairman who predicted that doomsday lies ahead if the federal Government continue on the path of perfidy, citing over 85% recurrent expenditure and less than 15% capital expenditure in the 2021 budget, assured that Edo State has already developed an economic plan of action to mitigate any unforeseen contingency.

“We can’t continue to live on borrowing and printing of money while relying on unstable, fluctuating and uncertainty in the price of oil. No government can plan with these factors.

“Obaseki’s comment was to alert Nigerians and policymakers at all levels to begin to think how we can navigate out of the economic and financial crisis facing the country.

Aziegbemi also cleared the air on the implementation of policies by Obaseki in the areas of job creation, provision of infrastructure through prudent management of resources in the state.

“The administration under Obaseki will not play to the gallery, not just to please people but attend to the needs of all Edos”.

 

“The people are the most important component in an ideal state", he added.

Posted 17/04/2021 02:42:40 AM

 

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