APC, PDP Battles Over Source Of President Buhari's Bailout Funds

Date: 08-07-2015 6:11 am (6 years ago) | Author: Mister Jay Wonder
- at 8-07-2015 06:11 AM (6 years ago)
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Top members of the APC and the national leadership of the Peoples Democratic Party, PDP, are reportedly divided over the sources of the N804.7 billion relief package being considered to bail out states who haven't paid workers salaries.

The PDP said that a very large amount of the bailout funds came from savings left behind by the administration of Dr Goodluck Jonathan, however, the Presidency disagreed, arguing that the money came from proceeds of Nigeria Liquefied Natural Gas (NLNG).

Upon assumption of office on May 29,  President Muhammadu Buhari said the departing PDP government left an empty treasury and pleaded with Nigerians for patience as they await urgent implementation of his change agenda.

The Presidency also denied some media reports that the presidential relief package was drawn from the Excess Crude Accounts, ECA, stressing that the ECA is intact. This came as state governments, the leadership of the ruling All Progressives Congress (APC) and some eminent Nigerians praised President Muhammadu Buhari over the relief package, saying it will help boost the economy.

In a statement by Chief Olisa Metuh, the National Publicity Secretary of PDP, he said that the bailout would go a long way in alleviating the sufferings of Nigerian workers in various states of the federation, most of whom haven't been paid for several months.
He said:
“This development is in clear contradiction to the earlier impression given by President Buhari to Nigerians and the international community that they should not expect much from his administration in its first 100 days because according him, on assumption of office, he met a virtually empty treasury. 

“We want to believe that given the President’s release of such huge amount, he may have realized that he was earlier misdirected on the actual financial state of the nation at the time he took over. In this regard, we expect the President, as a respected statesman to do the needful to correct that erroneous impression.

“Furthermore, we expect President Buhari’s APC administration as direct beneficiary of this savings initiated by past PDP administrations to appreciate the strategic importance of always saving for rainy days and as such guarantee prudent and transparent management of the nation’s resources now under its care.”


Metuh said the party therefore charged the APC as a party in government to put its house in order, desist from injecting confusion and distracting the President from settling down to form a government and face the enormous challenges of governance, especially the implementation of his long list of campaign promises to Nigerians.
He said Nigerians are no longer interested in insults, tirades and propaganda but in actions and policies that would move the nation forward, a stance the APC has failed to recognize.


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Posted: at 8-07-2015 06:11 AM (6 years ago) | Addicted Hero
- kelemann at 8-07-2015 06:39 AM (6 years ago)
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APC is just good in falsehood and propaganda. Baba presido, don't let those who hate GEJ in your govt lead you into error.
Posted: at 8-07-2015 06:39 AM (6 years ago) | Upcoming
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- Ritabrenice at 8-07-2015 06:59 AM (6 years ago)
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Hmmmm
Posted: at 8-07-2015 06:59 AM (6 years ago) | Gistmaniac
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- PoliticxGuru at 8-07-2015 07:01 AM (6 years ago)
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wasted generation
Posted: at 8-07-2015 07:01 AM (6 years ago) | Hero
Reply
- edpete at 8-07-2015 09:52 AM (6 years ago)
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Thief accusing thief
Posted: at 8-07-2015 09:52 AM (6 years ago) | Upcoming
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- lakman at 8-07-2015 10:11 AM (6 years ago)
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Does it mean our incorruptible president baba go slow is a LIAR now?
Posted: at 8-07-2015 10:11 AM (6 years ago) | Upcoming
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- ngfineface at 8-07-2015 10:21 AM (6 years ago)
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Politics!
Posted: at 8-07-2015 10:21 AM (6 years ago) | Hero
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- royalsam450 at 8-07-2015 10:28 AM (6 years ago)
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See matter
Posted: at 8-07-2015 10:28 AM (6 years ago) | Upcoming
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- royalty2008 at 8-07-2015 11:58 AM (6 years ago)
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APC are bunch of thieves and liars like liar mohammed
shame to them
let them tell Nigerians the truth for once
Posted: at 8-07-2015 11:58 AM (6 years ago) | Upcoming
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- echeeche at 8-07-2015 05:19 PM (6 years ago)
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This country self
Posted: at 8-07-2015 05:19 PM (6 years ago) | Hero
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- italianjob at 8-07-2015 07:43 PM (6 years ago)
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Okonjo iweala left as minister of finance leaving nigerian as the largest economy in Africa,  now APC, has met empty purse,  a way of stealing what has been kept to as backbone to the nation economy. We are waiting for your change.
Posted: at 8-07-2015 07:43 PM (6 years ago) | Upcoming
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- beneno at 8-07-2015 09:45 PM (6 years ago)
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oooooooh
Posted: at 8-07-2015 09:45 PM (6 years ago) | Addicted Hero
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- elchymo at 14-08-2015 08:24 PM (6 years ago)
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Bunch of thieves and criminals
Posted: at 14-08-2015 08:24 PM (6 years ago) | Hero
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