bailout fund ordered to be released to distressed states’ governments by
President Muhammadu Buhari on Monday.
In a statement issued on Tuesday by its National Publicity Secretary, Olisa Metuh ,
the PDP said a significant amount of the bailout came from
savings accumulated
in the Excess Crude Account handed over to the Buhari administration by the last
PDP - led government .
“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 100 days because according him ,
upon assumption of office , he met a virtually empty treasury.
“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 .
“Furthermore , we expect President Buhari’ s APC administration as direct
beneficiary of this savings initiated by past PDP administrations 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 ,” the party said .
The party charged the APC as a party in government to put its house in order ,
desist from what it termed 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.
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