Jonathan is better than you and Buhari, PDP blasts Osinbajo over debt profile, corruption claims - Breaking News in Nigeria today 247 | TheWatchNGR


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Wednesday, November 14, 2018

Jonathan is better than you and Buhari, PDP blasts Osinbajo over debt profile, corruption claims

 Jonathan is better than you and Buhari, PDP blasts Osinbajo over debt profile, corruption claims

Former President Goodluck Jonathan and
the Peoples Democratic Party on Tuesday criticised Vice-President Yemi
Osinbajo over his claim that the former President left Nigeria with debt
and ruined the economy due to alleged corruption under his watch.

The Vice-President had during a lecture
entitled, “Restructuring and the Nigerian federation,” delivered as part
of activities marking the 40th anniversary of the Association of
Friends in Lagos on Monday, accused the Jonathan administration of
throwing Nigeria into untold hardship, recession and debt.

In a statement by one of his aides, Reno
Omokri, the former President wondered why Osinbajo, who he claimed was
recently indicted by the House of Representatives for an alleged
corruption, should point fingers of suspicion at him.

The statement read, “How can
Vice-President Osinbajo, a man who had just been indicted by the House
of Representatives in one of the biggest corruption scams ever in
Nigeria’s history, have the gall to point fingers of suspicion at Dr.
Jonathan, a man that is celebrated internationally for his efforts at
achieving Nigeria’s best rating in Transparency International’s annual
Corruption Perceptions Index when Nigeria improved eight paces from 144
to 136 in 2014?

“Having read through the sordid details
of Prof. Osinbajo’s corruption as revealed in the indictment by
Nigeria’s House of Representatives, it is easy to understand why Nigeria
made her worst ever retrogression in Transparency International’s
annual Corruption Perceptions under him this year, moving 11 paces
backwards from 136 to 148.

“On the issue of debt, the fact remains
that in the entire 16 years that the Peoples Democratic Party governed
Nigeria, the total amount of money borrowed was N8.06trn. These are
facts sourced directly from the Budget Office controlled by the Buhari

“However, in only three years, the All
Progressives Congress-led administration of President Muhammadu Buhari
has borrowed a total of N10trn. 

With this fact in hand, where does
Vice-President Osinbajo have the moral authority to point leprous
fingers at former President Jonathan?

“The claim by Vice-President Osinbajo
that former President Jonathan left $63bn in debt is also a false claim.
The Jonathan administration inherited $42.23bn in debt in 2011 which
were debts borrowed by the states and the Federal Government.

He claimed that the nation’s debt he
increased under the present administration because the Federal
Government lacked the discipline that Jonathan had.

He added, “On Tuesday, November 13,
2018, the Debt Management Office revealed that in just 2017 alone, the
Buhari administration borrowed N2.4trn to fund their budget deficit.
This is besides other loans that they took in 2017 alone. That money is
more than the funds borrowed by the Jonathan administration in five

“To show to Nigerians the profligacy and
ineptitude of the current administration, I draw their attention to the
fact that between July and August 2018, the Buhari administration
claimed it had shared $322m Abacha funds recovered by the Jonathan
administration to the poor. Then a week after it made that announcement,
the Buhari government borrowed $328m from China.

“The question is this, why would you
share out $322m one week only to borrow the same amount the next week?
Why not use the Abacha funds to fund government activities instead of
adding to the already strained debt burden?


“These are questions that Vice-President
Osinbajo should answer rather than making false allegations against
former President Jonathan.”

Also in a statement by its National
Publicity Secretary, Kola Ologbondiyan, the PDP urged Osinbajo to stop
ridiculing his office by always “bandying figures, peddling rumours and
trending on false claims” in the attempt to cover the rot and failures
of the present administration.

Ologbondiyan told Osinbajo that instead
of juggling figures and making false claims about the nation’s debt
profile, the Vice-President should present to Nigerians the scorecard of
the present administration.

He said, “It is already a settled fact
that the nation’s debt profile escalated under the profligate,
uncreative and incompetent Buhari administration, which crippled our
once robust economy, pushed it into recession, turned our nation from a
growing economy to a debtor country and world’s poverty capital.

“Despite being busted, Vice-President
Osinbajo is labouring to deceive Nigerians by converting domestic
borrowings in naira, under the APC, to US dollars, so that the very high
exchange rate will make it look smaller in dollars.

“This is despite verified figures even
from agencies of government showing an accumulation of 29.6 per cent
debt under Buhari as against the 20.14 per cent under the Yar’Adua and
Jonathan administration and the 0.44 per cent under the Obasanjo

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