The main opposition party in Nigeria, the Peoples Democratic Party (PDP) has described President Muhammadu Buhari’s 2016 budget as a fraud.
The party said the federal budget, as presented by President Buhari, was a big fraud and a grand plan to mortgage the future of Nigeria.
“Decision to borrow two trillion Naira, the biggest in the history of the nation is the height of recklessness and deceit from a government that trends on propaganda,” the PDP said.
It also queried what President Buhari said was the proposed plan of government to borrow.
In the statement, Mr Metuh expressed fears of the implication of huge borrowing to fund the planned welfare programmes.
The party said the planned programmes were meant to siphon the funds, as a means to satisfy partisan interests and settle huge campaign debts.
“The 2016 budget, the first major economic policy outing of this government, is completely unrealistic,” the PDP decried.
The PDP declared this in a statement by its spokesperson, Mr Olisa Metuh, on Tuesday after the President presented the 2016 financial plan to lawmakers at the National Assembly in Abuja.
“Decision to borrow two trillion Naira, the biggest in the history of the nation is the height of recklessness and deceit from a government that trends on propaganda,” the PDP said.
It also queried what President Buhari said was the proposed plan of government to borrow.
In the statement, Mr Metuh expressed fears of the implication of huge borrowing to fund the planned welfare programmes.
The party said the planned programmes were meant to siphon the funds, as a means to satisfy partisan interests and settle huge campaign debts.
“The 2016 budget, the first major economic policy outing of this government, is completely unrealistic,” the PDP decried.
Credit: Channels Television
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