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

By AdvocateNews on 17/04/2021

Share on facebook Yahoo mail icon Gmail icon

Views: 732


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

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
National Assembly invasion: Osinbajo sacks DSS DG, Daura,...

Priest killing: Buhari orders meeting of Benue, Taraba...

Yahoo boys deploy naked women to distract operatives...

How I escaped gunmen’s attack - Gov Ortom...

Enugu govt debunks NRC’s falsehood against its efforts...

Food security: CBN disburses N791bn to 3m farmers...

Anambra Guber: We will comply with Court Order...

Two Policemen kidnapped, two killed in Boko Haram...

IPOB pledges N1m reward for travel info on...

Jesus arrested for walking on water in US...

Gunmen raze newly completed INEC office In Imo...

Northern youths jubilate over freezing of Kogi’s bank...

 

Latest News Violence, protests rock APC congresses, factions battle in states Senator Anyanwu emerges South East PDP Consensus candidate for Secretary Policemen allegedly used PoS to extort N25,000, assault passengers We've no business with you, don’t drag us into your Anambra election – IPOB warns INEC NAF denies paying N20m to avoid shooting down Buhari’s plane APC Congress: Three factional chairmen emerge in Akwa Ibom Former US President Bill Clinton released from hospital after treatment for infection Man, 25, kills 50-year-old rival he caught in lover’s room Police detain four officers over viral extortion video ‘We begged women to urinate for us to drink to stay alive’ FIRS to spend N2.8bn on uniforms, N550m on meals I’ll chew you raw if you talk against Oyedepo where I am – Pastor Ibiyeomie

 

Most Read Ex-Heads of State will protect Jonathan from persecution —Kukah (187,330 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (187,316 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (187,315 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (187,314 views) Ebonyi bans embalming of corpses in homes (187,314 views) I’ve no Coronavirus, govt wants to kill me – Anambra Index case (187,314 views) Sickle cell support group seeks government intervention (187,313 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (187,186 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (183,076 views) ASUU strike: Senate intervention ends in deadlock (182,486 views) All you need to know about Peter Obi, PDP VP Candidate (146,477 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (144,836 views)

 

 

SECTIONS FAITH (158) EDITORIAL (18) NEWS (6,942) POLITICS (495) SOCIETY (131) SPORTS (53) BUSINESS (367) HEALTH (58) EDUCATION (49) ENTERTAINMENT (51) INTERNATIONAL (178) TECHNOLOGY (6) COLUMNISTS (57) LETTERS (4) OPINION (38)

 

 


There are no video entries posted yet.