Currency Printing: PDP Calls Out President Buhari

April 16, 2021

Press Statement

…Demands Finance Minister’s Sack

 

The Peoples Democratic Party (PDP) condemns the attempt by the President Muhammadu Buhari-led administration to deny the printing of N60 billion by the Central Bank of Nigeria (CBN) at its behest.

 

The PDP asserts that the admission by CBN Governor, Godwin Emefiele, that the apex bank has been printing money at the bidding of government, has vindicated its earlier stand that the Buhari-led APC administration is characterized by concealments, deceit and falsehood.

 

The PDP flays the Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, for attempting to mislead Nigerians by denying the revelations by the Edo state Governor, Godwin Obaseki, that N60 billion was printed in March to support federal allocation to states.

 

Governor Obaseki, as a financial expert, who is not known for flippancy, must be commended for his act of patriotism in exposing the dire economic situation our nation has been plunged under the Buhari administration.

 

A situation where the Federal Government cannot articulate and implement policies favourable to wealth creation but resorting to borrowing and indiscriminate printing of currency notes, only goes to further confirm that the Buhari administration lacks the credibility and capacity to run a nation.

 

Indeed, the admission by the CBN governor that “Nigeria is unfortunately in a very bad situation” further justifies our position that the Buhari-led APC administration has wrecked the economy of our nation.

Our party is worried over the huge negative impact of indiscriminate printing of currency which has led to the unprecedented rise in inflation rate to 18.17% as disclosed by the Bureau of National Statistics (NBS) on Thursday.

 

This situation has led to further economic hardship with surging prices and fallen purchasing power throwing millions of families in distress and unable to afford the basic necessities of life.

 

The PDP calls out President Buhari to come clean on the amount that has been printed so far by the CBN to finance the deficit caused by the financial mismanagement of his government as well as what the funds had been used for.

 

Furthermore, for failing the full disclosure test, the PDP demands that the Minister of Finance should immediately be relieved of her position, while the President accepts responsibility for the indiscriminate printing of currency in our naira.

 

Our party implores President Buhari to save our nation by allowing better hands to manage and salvage our economy before it is too late.

Signed:

Kola Ologbondiyan

National Publicity Secretary

 

 

April 15, 2021

Press Statement

Twitter: You Have A Poor Understanding of Governance, PDP Replies APC

 

The Peoples Democratic Party (PDP) describes the declaration by the All Progressives Congress (APC) that the by-passing of Nigeria by Twitter to cite its African Headquarters in Ghana is “a non-issue” further confirms APC and Buhari Presidency’s poor understanding of governance.

 

The PDP asserts that the statement issued by the APC in a desperate bid to justify its manifest misrule and abuse of human rights, shows that the APC and Buhari administration are not ready to end their policy inconsistency and the fettering of our youths through suppression of free speech, stifling of online freedom and open internet, for which Twitter shunned our nation for Ghana.

 

This disposition by the APC and the Buhari Presidency has further strengthened the widespread view among Nigerians that this administration suppresses every vocation in which our youth demography has shown interest.

 

Their statement also validates apprehensions in the public space that the APC deliberately worked against the citing of Twitter headquarters in Nigeria because of their plot to forcefully regulate the use of internet in our country.

 

A more responsive government and political party, who have the interest of the people at heart, ought to device all means possible to attract the Africa Headquarters of Twitter to our country given the huge benefits such would have served in the face of grinding unemployment which the APC administration has imposed on our nation.

 

It is indeed saddening that rather than devise means such as this opportunity to create wealth and revamp our economy, the APC and the Buhari Presidency are mortgaging the future of our nation through all manner of foreign loans which they cannot account for.

 

Now that they have borrowed from all corners of the world and turning our country into a debtor nation, with nothing to show for it, the APC and the Buhari administration have resorted to primitive printing of naira notes not minding the huge inflation as well as devastation such would trigger in our economy.

 

From the arrogant disposition of the APC, it is clear that it has no regard for Nigerians and as such has no business being in governance.

 

Signed:

Kola Ologbondiyan

National Publicity Secretary