Home News PDP Labels Buhari N6.08 trillion Budget a Fraud

PDP Labels Buhari N6.08 trillion Budget a Fraud

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The main opposition party in Nigeria, Peoples Democratic Party (PDP), has labelled President Muhammadu Buhari’s  N6.08 trillion 2016 budget a fraud.

President Buhari had presented the 2016 Appropriation Bill to a joint sitting of the National Assembly on Tuesday in Abuja.

In a statement by its National Publicity Secretary, Mr Olisa Metuh, on Tuesday after the President presented the 2016 financial plan to the National Assembly in Abuja, PDP said the budget was a big fraud and a grand plan to mortgage the future of Nigeria.

“The decision to borrow two trillion Naira, the biggest in the history of the nation, is the height of recklessness and deceit from a government that trends on propaganda,” the PDP said.

It also queried what President Buhari said was the proposed plan of government to borrow.

In the statement, Mr Metuh expressed fears of the implication of huge borrowing to fund the planned welfare programmes.

The party said the planned programmes were meant to siphon the funds, as a means to satisfy partisan interests and settle huge campaign debts.

“The 2016 budget, the first major economic policy outing of this government, is completely unrealistic,” the PDP decried.

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