Shell Energy Entrepreneurs banner Yudala banner
Bailout: APC hails Buhari for ending workers’ misery

By News Express on 07/07/2015

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,717


The All Progressives Congress (APC) has hailed President Muhammadu Buhari for coming to the aid of the long-suffering Nigerian workers with a multi-billion-naira package which the party says will not only ensure that all arrears of salaries owed by many states across the country are immediately paid, but will also make it easier for the states to meet their monthly salary obligations henceforth.

APC in a statement issued this morning in Abuja by its National Publicity Secretary, Alhaji Lai Mohammed, said it was particularly delighted that the President has shown that he is truly the father of the nation by eschewing partisanship in approving the intervention fund for all the states, irrespective of which parties to which they belong.

“We say this because when states were financially handicapped during the tenure of the last federal government, opposition states were hung out to dry while states belonging to the then ruling PDP got generous bailouts,” APC said.

According to the governing party, “by his action President Buhari has practicalised his deep understanding of the essence of governance which, more than anything else, is the about the well being of the citizenry.”

APC said worthy of note and commendation is the fact that the special intervention fund approved by President Buhari was packaged without any external borrowing, despite the paucity of funds occasioned by the fall in the price of crude oil and the unprecedented profligacy of the immediate past administration that dried out the pot of national resources.

It said so early in the life of his administration, President Buhari is walking his talk by showing that with prudence, financial discipline and creativity, plugging financial leakages and a deep sense of patriotism, even the nation's dwindling resources can still be more effectively utilised for the benefit of Nigerians, rather than be looted by thieving public officials who abuse their office.

APC described as uncharitable and a clear indication that shame has taken flight the situation in which those who created the rot that is now being cleared by President Buhari are the same ones daring to point accusing fingers at the government that inherited their rot.

According to the party, “The PDP that spent the past 16 years plundering and pillaging Nigeria has boasted that the Nigerian people will soon come, cap in hand, to beg them to return to power. What delusion! What arrogance! Who presided over the looting and the mismanagement of public funds that made it impossible for the nation to absorb the shock of the falling oil prices? Who depleted the Excess Crude Account (ECA) without authorisation? Who has degraded the standard of living of Nigerians?”

APC noted that the multi-pronged package approved yesterday by President Buhari includes the sharing by the Federal and State Governments of $1.7 billion out of the $2 billion remaining in the ECA; the sharing of about $2.1billion sourced from the LNG’s payment to the Federation Account; and a CBN-packaged special intervention fund that will offer financing to the states, ranging between N250 billion to N300 billion, as a soft loan available to states to access for the purposes of paying backlog of salaries.

It further noted that the President has approved a debt relief programme that will help states restructure their commercial loans currently put at over N680 billion. The implication, the party pointed out, is that the life span of such loans will be extended, while reducing the states’ debt-servicing expenditures, thus leaving the states with enough resources – which otherwise would have been removed at source by the banks – to meet their monthly salary obligations, among others.

“History,” APC said, “is repeating itself before our very eyes. Some 31 years ago, Buhari, then as a military head of state, also inherited a huge national rot similar to what has been bequeathed to it by the NPN government and had to approve 480 million Naira for the payment of arrears of workers’ salaries. Truly, the President is a man of destiny.”

The party said that “with thousands of workers made destitute by the frittering away of the commonwealth under a rapacious and wasteful PDP government now being given a new lease of life, their purchasing power being boosted and the nation’s economy being reflated, the change which the President and his party promised the nation has just begun.”

“'We thank Nigerians for voting the APC into power at the centre and for believing in us even when the horizon became hazy, not out of our making but because of the misdeeds of the past. By their relentless support for President Buhari and the APC, Nigerians have indeed demonstrated that what is worth fighting for is worth defending,” the party stated

•Photo shows Lai Mohammed.

Source News Express

Posted 07/07/2015 12:19:05 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Federal High Court Abuja rules tomorrow on suit...

Police kill kidnapper along Kaduna-Abuja Highway, nab 4...

Bayelsa polls: Ijaws in FCT, youth groups endorse...

FRSC set for accident-free ember months in Kebbi...

MD School gets British Council International School Award...

Baru secures $2bn contract discounts for NNPC, recovers...

Gov. Umahi reverses appointment of 16 new Perm....

FGN Savings Bond: Promoting savings culture

Deception Technology comes of age

Revealed: Dispute over N100 transport fare differential caused...

PDP suspends ex-chairman Bamanga Tukur over failed attempt...

Niger Delta projects: CSNAC petitions EFCC, demands prosecution...

 

Latest News FG queries Magu, Keyamo over corruption charges against CCT Chairman Israel, Iran clash over nuclear threat Exodus hits Ekiti community over fear of attack by herdsmen Nigeria in a state of uncertainty and confusion under Buhari — Cardinal Onaiyekan Boss Mustapha, Rotimi Amaechi have derailed; they should resign now: HURIWA Fulani herdsmen fighting us because Benue frustrated 1804 Jihad — Ortom ‘Kano Big Girl’ arrested for impersonation No crisis in Nigeria; country in safe, competent hands — Minister It was horrible working with Pinnick-led NFF — Oliseh Police nabs 3 over Zamfara killings Bayelsa soon to become hub for medical tourism, says Obasanjo ‘Black Panther’ smashes Box Office records

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (324,992 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (316,532 views) Shameless Genevieve Nnaji exposes breasts in public (253,144 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (207,800 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (194,156 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (186,788 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (162,251 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (145,600 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (139,861 views) Lagos plane crash: Journalist releases victims’ names (128,793 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (127,259 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (122,591 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business (2,894) Business Verdict (33) Columnists (802) Complaints & Requests (94) Enterprise & Opportunities (203) Entertainment (446) Features (548) Global Business Monitor (225) International (1,797) Interviews (143) Live Commentary (28) Love Matters (104) News (32,932) Opinion (883) Pidgin (10) Politics (4,503) Religion (677) Sports (1,434) Stock Watch (27) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

Football president George Weah puts Liberian army to the test

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement