Monday 25 May 2015

PDP CLAIMS OSINBAJO MISREPRESENTED FACTS ON DEBT PROFILE



The Peoples Democratic Party on Monday said Vice President-elect, Prof. Yemi Osinbajo, misrepresented facts on the state of the nation’s economy.

The party specifically faulted Osinbajo claim on the correct status of the nation’s government debt stock.
It alleged that the misinterpretation was part of a ploy by the incoming All Progressives Congress administration to discredit the PDP.

This was contained in a statement by the PDP National Publicity Secretary, Chief Olisa Metuh.

Metuh criticized the Vice President-elect for failing to be bold and honest enough to also inform the nation that the bulk of the $63.7bn debt was incurred by APC states.
He said, “It is indeed unfortunate that the Vice President-elect, who has the details of the debt stock, chose to be economical with the truth and to mislead Nigerians just to discredit the current PDP-led administration and rationalize APC’s unpreparedness for governance.

“Prof. Osinbajo is aware that the $63.7bn is made up of external and domestic debts belonging not only to the Federal Government but to federal and state governments and accumulating since the 1960s. Yet, he deliberately misrepresented the facts to give the unsuspecting public the impression that the amount was exclusively incurred by the current Federal Government.

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