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'APC's reports that coffers are empty misleading'

08 July 2015, 12:14

Abuja - The ruling All Progressives Congress (APC) misled Nigeria and the international community by claims the country’s coffers were empty when it assumed power, the People’s Democratic Party (PDP) said.

This follows the federal Government approving a bailout of over N804 billion to bankrupt states.

According to PDP, the money came from savings accumulated in the Excess Crude Account handed over to the Buhari-led All Progressives Congress (APC)’s administration by the past PDP-led administration.

“This development is in clear contradiction to the earlier impression given by President Buhari to Nigerians and the international community that they should not expect much from his administration in its first one hundred days because according him, upon assumption of office, he met a virtually empty treasury,” National Publicity Secretary, Olisa Metuh, said late Tuesday.

Also read: Nigeria treasury 'virtually empty' says angry Buhari

“We want to believe that given the President’s release of such huge amount, he may have realized that he was earlier misdirected on the actual financial state of the nation at the time he took over. In this regard, we expect the President, as a respected statesman to do the needful to correct that erroneous impression,” he added.

The opposition party urged the present administration to appreciate the strategic importance of always “saving for rainy days” and as such guarantee prudent and transparent management of the nation’s resources now under its care.

It also charged the APC as a party in government to “put its house in order, desist from injecting confusion and distracting the President from settling down to form a government and face the enormous challenges of governance, especially the implementation of his long list of campaign promises to Nigerians.”

“Nigerians are no longer interested in insults, tirades and propaganda but in actions and policies that would move the nation forward, a stance the APC has failed to recognize,” Metuh said.

Last month, Buhari announced that the state coffers was “virtually empty.”

He made this known when he met some state governors over the lack of money to pay government workers their salaries.

- CAJ News


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