The National Chairman of the Labour Party (LP),
Alhaji Abdulsam Abdulkadir, has said his party
does not agree that Nigeria is presently broke as
was claimed by President Muhammadu Buhari.
He said based on the facts on ground and the
value of resources available to Nigeria, the
country cannot to be in such a dire economic
situation as to justify it being broke.
Speaking to THISDAY on Wednesday against the
background of recent statement credited to
President Buhari to the effect that Nigeria’s
economy is in critical shape, Abdulkadir said the
only way the president can convince Nigerians is
to address the nation on the revenue earnings so
far and how he has implemented the 2015
budget.
“Firstly, I think President Buhari is being
economical with the truth, considering the facts
and the value of our resources. For him to say
that the nation is broke, was he saying we have
not been selling our crude oil as usual? Is he
saying the Customs has not been generating
revenues for the country? What of other
agencies of government? Are they no longer
generating funds for government?” the party
leader asked.
Abdulkadir said LP was amazed at the
pronouncement of President Buhari who should
know that the economy stands the risk of
plummeting in the absence of clear economic
policy direction and commitment to
implementing such solutions by government.
He said as far as his party is concerned, there
has not been any single infrastructural project
the present federal government has embarked on
since its inception more than five months ago.
According to, Nigeria is still selling its oil, while
other revenue yielding agencies have continued
to make returns to the coffers of government.
“If all these resources are coming in, could the
president tell the nation that since he came into
office the one project that he has initiated. Let
Buhari tell the nation how far he has
implemented this year’s budget.
“The president has been spending money without
appropriation, so let him justify it and stop
lamenting. He should have in place a concrete
and appropriate solution if he thinks that the
nation is broke. For those of us who have been
observing the events in the country, we know
that Nigeria is not broke. The problem is rather
that of lack of direction, commitment, focus and
lack of vision.
But to say that the nation is broke is far from
the truth. This is not acceptable to the LP.
Nigeria is not broke,” he stated.
On the view that the economy is being stifled
because of the absence of an economic team to
manage it, the party chairman said the situation
was affecting every sector in the country.
According to him, “Yes, it has to be. Every
sphere of our endeavour is being affected. One
thing is clear-the economy would go down
because there is no provision for sustaining our
infrastructure.
“Also, part of what is adversely affecting our
economy is the absence of the full compliments
of the cabinet team. No leader can operate
without having the right people surrounding him,
who would advise him. There is no way such
person can succeed. “Presently, President Buhari
has no minister, no cabinet and there is no one
to advise him appropriately.
The technocrats cannot advise him because they
are afraid of their jobs. The political appointees
who would have advised the president have not
been put in place. So, the earlier the president
gives portfolios to his ministers, the better. And
how can the president say not all the 36
ministers he submitted for Senate approval will
be given portfolios?
“The ministers should be given portfolios, as
what the president needs to do is to block
wastage after all how much is the salaries of the
ministers compared to the wastage that is still
going on. The issue is that there is no policy
direction yet on how to arrest the economic
downturn in the country, only what comes to
President Buhari’s head is wheat he implements.
“Our existing infrastructure is decaying by the
day due lack of attention. For instance, all the
geo-politically zones in the country suffering bad
roads, most of the federal roads in places like
the South-east, South-west and North Central are
dilapidated. Since the inception of the All
Progressives Congress (APC)-led administration,
there has not been any single infrastructural
project it embarked on.”
http://www.thisdaylive.com/articles/nigeria-can-t-be-broke-let-buhari-justify-his-claim-says-labour-party/224735/#.Vjr5CDmEHoo.facebook

Wetin c0me de hold the m0nthly 5k na?

This guy non de listen to news since?

who is this inconsequential LP chairman again? The president said the nation is broke and this phoolish man is saying otherwise. Smh

Kastonkastroll:
who is this inconsequential LP chairman again? The president said the nation is broke and this phoolish man is saying otherwise. Smh

What does the dullard know about an economy?

Yeah...we are broke to take care of bogus budget and outlandish lifestyle of our government officials.
Any problem with that?

Chrisilo:
What does the dullard know about an economy?

he knows more than your old useless hack at home.