₦airaland Forum

Edo State Governor, Adams Oshiomhole, on Monday took a swipe at the Peoples Democratic Party government of former President Goodluck Jonathan, saying the party destroyed Nigeria.

Oshiomhole, who was a member of President Muhammadu Buhari’s delegation to the United States, expressed delight that Nigeria now has a President who talks with confidence unlike “a President that is blabbing and is not sure of what the issues are.”

The governor spoke with State House correspondents shortly after meeting Buhari at the Presidential Villa, Abuja.

He said he had decided not to bother about anything the PDP says about the present administration because he did not expect the party to be praising a government that is doing better than it did while in charge.


He claimed that so bad was the situation under Jonathan that members of Buhari’s delegation were told in US how a minister under the President stole $6billion.

He said the PDP succeeded in supervising Nigeria’s liquidation.

He said, “The PDP destroyed the country. I mean from the lips of American officials; senior officials of the State Department said one minister under PDP cornered as much as $6billion.

“The man said even by Washington standard, that is earth-quaking.

“So, PDP is a party that presided over the liquidation of our nation, destroyed all our institutions, converted the Armed Forces commanders to use them as if they were political thugs, converted NTA to a party megaphone, destroyed the SSS, went after opposition as if we were rabbits to be pursued into our holes, compromised even student unions and destroyed everything that you can think of and elevated religion to a state affair.

“Under the party, Israel became a place you visit every week; they placed pastors against mallams, placed North against South, East against West just to retain power; elevate Obas and Obis with dollars.

“You guys were reporting dollars that were changing hands; when NNPC was spending much more money than is available to the Federation Account.

“We are a very patient people. If we were not a patient people, anybody wearing the tag of PDP ought to feel very unsafe because you are all victims – all of us here.”

Oshiomhole claimed that under the PDP, there was no law as the party members were law to themselves.

He claimed that Jonathan did not know what the issues were and everybody was frustrated.

He added, “Mr. Carson, who was the Assistant Secretary of State, when we visited him in company of Senator Saraki, then as chairman of the Governors’ Forum – that was at the eve of President Obama’s first visit to Africa – and we went to complain, ‘why is Nigeria not on the list?’

“What he said for me was quite instructive compared to what he said last week. Then I was present when he said ‘you know, we who see ourselves not just as friends of Nigeria, each time we think there is light at the end of the tunnel and it is time to encourage Nigeria to build on it, you would wake up the following day under President Jonathan to find out that even the tunnel had been removed.

“Those were the words of Mr. Carson. Now last week, this same Carson chaired the President’s address at the Institute of Peace and he said ‘we now have a man of enormous integrity; one that has shown so much faith in the democratic process; one that refused to be frustrated even in the face of massively rigged elections. He submitted to the judicial process and even when that was compromised he never gave up.

“‘America has done its check and we are convinced that this President is the one that Nigeria needs at this time to regain its leadership of the African continent.

“‘America now has a partner worthy of relations because they believe that every dollar that America provides to support Nigeria whether in the area of security, in the area of education, or encouraging American investors to invest in Nigeria, there is an enabling environment because what had been destroying the country is corruption.

Oshiomhole added that “If PDP doesn’t condemn it then they are no longer PDP. Don’t forget, people deceiving people has been a way of life for 16 years.”

shalomm:
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Nigeria’s total debt stock now stands at N12.12tn ($63.81bn), the Debt Management Office has said.

Statistics obtained from the organisation on Sunday showed that the domestic debt stock of the Federal Government as of June 30 stood at N8.39tn or $42.63bn.

The domestic debts of the 36 states of the federation and the Federal Capital Territory Administration, on the other hand, stood at N1.69tn ($10.86bn) at the end of June.

On the external sector, the country’s debt stock was put at $10.32bn (N2.03tn) at the end of June.

The DMO gave a hint that the actual domestic debt of the states could be higher because the figure only reflected the position of the indebtedness of the states as of December 31, 2013.

It added that the compilation of the 2014 debt stock for the states and the FCT was in progress.

In the first quarter of the year, the country’s total debt stock stood at N12.06tn. This shows a marginal increase of 0.5 per cent or an addition of N60bn within the period of three months.

As of March 31, the domestic debt of the Federal Government stood at N8.51tn. This shows a decline of N120bn or 1.41 per cent.

There was no difference in the domestic debts of the states and the FCT as the DMO has been working with the figures of December 2013.

The external debt of the country stood at $9.46bn as of March 31. This means that the external debt increased by $860m or 9.09 per cent within the period of three months.

A year ago (that is, June 30, 2014), the country’s total debt stock stood at N10.43tn. This means that within a 12-mong period, the country’s debt stock had increased by 16.2 per cent, adding N1.69tn.

Similarly, the country’s external debt stood at $9.38bn as of June 30, 2014. This means that within the period of one year, the nation’s external debt rose by $940m. This shows an increase of 10.02 per cent.

On the domestic scene, the Federal Government’s domestic debt stood at N7.42tn as of June 30, 2014. This means that within the one year period, the domestic debt of the Federal Government rose by N970bn or 13.07 per cent.

By instrument, the Federal Government Bonds accounted for N5,300,418,821,000 or 63.13 per cent of its domestic debt.

The Nigerian Treasury Bills accounted for N2, 824,952,245,000 or 33.64 per cent of the Federal Government’s total domestic bill, while Treasury Bond accounted for N271,220,500,000 or 3.23 per cent of the Federal Government’s domestic bill.

In the external sector, multilateral donors accounted for 70.11 per cent of the country’s external debt, while bilateral sources accounted for 15.35 per cent. Commercial debts accounted for 14.54 per cent of the nation’s external debt.

Given the nation’s dwindling resources as a result of falling oil prices, there is an indication that borrowing will continue to play a major role in the funding of both the federal and state governments.

During his recent visit to the United States, President Muhammadu Buhari sealed a $2.1bn funding from the World Bank for the rebuilding of the North-East region devastated by Boko Haram insurgents.

As the DMO continues to borrow for the government on monthly basis through the instrument of the FGN Bonds, experts have advised the government not to borrow to pay salaries or any other recurrent expenses.

Lemon12:
Will buhari relocate with them??
Is he not the commander in chief?

slyopez:
Space

wenson:
Verifying mine

barcanista: