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FEDERAL GOVERNMENT'S EXCUSE FOR NON-PERFORMANCE - A LIE!
PPP Press Release; 14th July 2016

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Wednesday, 13th July 2016, Nigeria’s Federal Government said its earnings had declined by 40 percent as a result of the drastic fall in oil prices, as well as the persistent attacks on oil installations in the Niger Delta. Against this backdrop, it said the N6.06 trillion budget for this year will only be partially implemented.

 

WE CALL THIS EXCUSE A LIE; AND WHY?

 

75% direct foreign investment left Nigeria in one year of Buhari’s APC misrule. The investors left with their monies not because of low prices of crude oil or the Niger Delta agitations. They cited the wrong headed foreign exchange policies of Buhari’s government and the lack of an articulate economic policy to assist them predict and properly guide their investments. This is the core reason for the wealth exodus, which is the direct cause of our economic malaise today. For this government to now use low crude oil prices and the restive Niger Delta as the primary excuse for its pervasive non-performance is funny and an outright lie.

 

Nigeria is not the only country that exports oil as its main instrument of existence. Many other Nations do; and most of them are riding the dip in crude revenues alongside restiveness in their societies as well; and doing so while showing overall positive performance in their economies.

 

What we have here in Nigeria is a government that has abandoned the welfare of the people, preferring instead to hound and intimidate political opponents; as an instrument to frighten the rest of us from speaking of the massive and reprehensible failures of a doomed administration.

 

PPP wants it to be known that APC’s government under Mohammadu Buhari represents the most debase administration this country has had the misfortune of being saddled with. Human rights abuses are their preferred choice of governance. Extra-judicial killings of unarmed protesting citizens are officially tolerated and swept under wraps. Threats and drums of war, rather than democratic ethos, have become their only tool to combat legitimate democratic agitations against an imperial and failing state. Defiling the rule of law and disobeying Court Orders is culture cherished by the President and his appointees. Attacking and desecrating our democratic institutions and other arms of government is now in vogue. Orchestrating actions upon actions of mass distraction in their desperate and futile effort to keep the masses deceived; this, too, has become their weapon.

 

We, the people, have woken up! We cannot be deceived anymore. We have our attention focused on the mis-governance of this bunch; and at the appropriate time, we will send them packing; fascism notwithstanding; dictatorship notwithstanding!

Signed:
Dr. Damian Ogbonna
National Chairman

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