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Like a drowning man, PDP has not ceased to clutch at straws to cast Buhari’s govt in bad light —BMO

The Buhari Media Organisation (BMO), has yet again bared its fangs on the Peoples Democratic Party (PDP), claiming that the opposition party is dishing out unverified claims and mixing facts with “outright” fiction against President Muhammadu Buhari.

BMO in a statement signed by its Chairman, Niyi Akinsiju, and Secretary, Cassidy Madueke, on Monday, said that the PDP led by its presidential candidate at the last election, Atiku Abubakar, had been “recycling old reports just to take a swipe at Buhari’s administration.”

While making reference to PDP’s effort to latch on to a report issued by the United Nations Conference on Trade and Development (UNCTAD) which suggests that Foreign Direct Investment (FDI) is on a decline under President Buhari’s watch, BMO said the PDP is too much in a hurry to realise that the CBN had shut down the report with facts and figures.

“Like a drowning man, PDP has not ceased clutching at a straw, and that is exactly what it was doing in its attempt to cast the Buhari administration and the ruling APC in bad light.

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“The latest is the PDP’s bid to capitalise on a report issued by the United Nations Conference on Trade and Development (UNCTAD) just after the 2019 elections as proof that Foreign Direct Investment (FDI) is on a decline under President Buhari’s watch.

“But in the rush to put out what they considered as a good line of attack, PDP leaders were either too lazy or too overzealous to realise that the Central Bank of Nigeria (CBN) had shut down the UNCTAD investment report on Nigeria with facts and figures several months ago,” Akinsiju and Madueke said.

“For the avoidance of doubt, the report by the UN body centred on the 2018 financial period during which it claimed there was a decrease of over 40 per cent in FDI inflows. “However, available records at CBN show a significant increase in foreign investments at the time.

“In fact, the total capital inflows in 2018 stood at $19.07bn out of which FDI accounted for $7.78bn; which is clearly more than what the report cited by PDP shows.

“Also, capital inflow into the country in the first five months of 2019 is $14.2bn, out of which FDI accounted for $2.87bn or 20.18 per cent of the total amount,” the Buhari group added.

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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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