Temidayo Akinsuyi, Lagos

Presidential candidate of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar, has described as ‘fiscally irresponsible’ plans by the Muhammadu Buhari administration to sell national assets to fund the 2019 budget.

In a statement signed by Atiku Campaign Organisation on Wednesday in Abuja, Atiku said the action by the officials in the Buhari administration has the effect of ridiculing their principal.

He also said many of the assets the Buhari administration are planning to sell were built and established during the era of PDP and some are Atiku’s brain child.

“It will be recalled that on Monday the 29th of October, 2018, President Buhari accused past leaders of the People’s Democratic Party of not building public infrastructure, while delivering the 75th Anniversary Business lecture of the Island Club, Lagos.

“However, some of the assets listed for sale in the policy document of the Buhari Administration, were assets built or established under the PDP administrations that governed Nigeria between 1999 and 2007. Some of them were the brain child of the Presidential candidate of the People’s Democratic Party, Atiku Abubakar.

“Our question is this: If the PDP did not build infrastructure, as alleged by President Muhammadu Buhari, who built these assets that this administration wants to sell to fund their 2019 budget?
“As head of the Economic Management Committee during the Obasanjo administration, His Excellency, Atiku Abubakar, supervised the successful policy of privatisation. Privatisation works because it is a long-term strategy to engender efficiency in the economic system and expand the frontiers of private sector activity.

“Its primary goal is NOT to raise money for short term stabilization of what is clearly a fragile fiscal system. The government’s planned sale of assets will cause long term pains and only provide short term gains.

“It makes no sense to sell public assets simply to fund a ‘business-as-usual’ budget that is essentially 70% recurrent. It is irresponsible to part with valuable assets simply to consume the proceeds (Like selling your family house to take a trip overseas on holiday).
“We knew that such a day would come, which is why His Excellency Atiku Abubakar has on various occasions made it clear that what is needed at this time is fundamentally fiscal restructuring to eliminate our addiction to oil revenues and strengthen our internal revenue generating capacity and a restructuring of the budget in favour of capital spending.

“For instance, last month, the PDP Presidential candidate questioned the wisdom behind the Federal Government sharing $322 million Abacha loot to certain Nigerians, only to obtain a $328 million loan from China, allegedly for ICT development.


“Rather than share that money, the Buhari administration ought to have put that $322 million in an escrow account to be used for funding the 2019 budget.
“Also, we recall that $43 million was found in an Ikoyi apartment. While we note the failed promise of the Buhari administration to come clean on who was behind those monies, we make bold to say that those funds should equally have been placed in escrow for use in funding the 2019 budget.
“It is a testament to our candidate that he helped build and develop national assets that are now so valuable that they can be sold. Creating more of such assets is at the core of his agenda to Get Nigeria Working Again.
“It is our hope that the Buhari government will accept this patriotic pro bono advise and retrace its step accordingly.”
https://www.independent.ng/atiku-to-buhari-selling-national-assets-to-fund-budget-fiscally-irresponsible/

Are we talking about the same Atiku that sold 2/3of nigeria’s asset to himself right under the watch of Obasanjo ?

Amazing

That's true ooo. Most of Nigeria's assets were sold during the Obasanjo/ Atiku era

Back1lane:
Are we talking about the same Atiku that sold 2/3of nigeria’s asset to himself right under the watch of Obasanjo ?

Back1lane:
Are we talking about the same Atiku that sold 2/3of nigeria’s asset to himself right under the watch of Obasanjo ?

It wasn't sold to fund the budget then but to offload liabilities ..know the difference

Please lets vote this guy come 2019. If he didnt restructure we will vote him out 2023. Nigeria cannot work with this present formation. Buhari is lifeless

Ok

hisexcellency34:
That's true ooo. Most of Nigeria's assets were sold during the Obasanjo/ Atiku era

They were not sold to fund the budget but sold to offload the liability they had become to govt

Ok

SarkinYarki:


The where not sold to fund the budget but sold to offload the liability they had become to govt

Buhari matter don tire me.

We have never had it so bad as a nation.

Atiku teach bubu and his followers well well

SarkinYarki:


It wasn't sold to fund the budget then but to offload liabilities ..know the difference

This is the kind of bare face lie you tell your bigoted souls to shield it from exploding ba ?

What if they sold all the national assets, how will they fund future budgets?

please, don't fund any budget, leave it like that.. just find your way back to duara and we'll be fine

Back1lane:
Are we talking about the same Atiku that sold 2/3of nigeria’s asset to himself right under the watch of Obasanjo ?

The man knows only brain dead IPoB imbeci1es believe his unsupportable stewpidity that is Atikulooted.

“Its primary goal is NOT to raise money for short term stabilization of what is clearly a fragile fiscal system. The government’s planned sale of assets will cause long term pains and only provide short term gains.

“It makes no sense to sell public assets simply to fund a ‘business-as-usual’ budget that is essentially 70% recurrent. It is irresponsible to part with valuable assets simply to consume the proceeds (Like selling your family house to take a trip overseas on holiday).

What do you expect from an illiterate who does not under economics? So what asset will you sell to fund next year budget? Atiku/Obi to the rescue.

deomelo:
....the same Atiku sold off national assets to his crooked and corrupt cronies even to himself through the back door for 2 kobo.Crooked, looting and stealing corrupt clown.

And what is the APC anti-corruption sniffing government still waiting for? Guess sai baba rode on his crest to power in 2015? Hypocrites!

nairavsdollars:
What if they sold all the national assets, how will they fund future budgets?

ermmn...they may just decide to ship you oversea for some cash

I AM SURE A 25YEARS OLD VIBRANT YOUNG MAN WILL RULE NIGERIA MORE BETTER THAN OUR FATHER BUHARI.BUHARI HAVE RAN OUT OF BASIC LEADERSHIP IDEAL.

JAMANZE:
Please lets vote this guy come 2019. If he didnt restructure we will vote him out 2023. Nigeria cannot work with this present formation. Buhari is lifeless

K

You are wicket sha

anochuko01:

ermmn...they may just decide to ship you oversea for some cash

SarkinYarki:


It wasn't sold to fund the budget then but to offload liabilities ..know the difference

Offload liabilities into his pockets right?

You pdp supporters are indeed shameless.

Back1lane:
Are we talking about the same Atiku that sold 2/3of nigeria’s asset to himself right under the watch of Obasanjo ?

which is

I need details of d asset sold to him self with Prof

No insult plz just want to learn from u

[s]

Wiseandtrue:

My dear I would have gladly done that if PDP is currently in power!

Which is the essence of APC in the first place!

Now that it is clear that they are not ready for it because APC is never going to stop this blame game!

We will speak again in 2019! It's left for Nigerians to choose who they fared better with.

Peace!

[/s]



Thanks for at least letting us know that you can not show Nigerians what your looting and stealing PDP uncles did with 16 years of failure and $900 billion oil earnings.


Feel free to ask me to show you what the current 3 year old administration is doing with our money and I'll gladly oblige and even take over this thread with projects in vivid colors, please dare me.

SarkinYarki:


It wasn't sold to fund the budget then but to offload liabilities ..know the difference

At least its bin sold to fund budget now. What was it use for then?

deomelo:
[s][/s]



Thanks for at least letting us know that you can not show Nigerians what your looting and stealing PDP uncles did with 16 years of failure and $900 billion oil earnings.


Feel free to ask me to show you what the current 3 year old administration is doing with our money and I'll gladly oblige and even take over this thread with projects in vivid colors, please dare me.

I dare you