We’re Ready for Buhari’s Probe- Sambo

By 07:53 Tue, 26 May 2015 Comments

Vice-President Namadi Sambo has said members of the Federal Executive Council (FEC) in President Goodluck Jonathan’s administration would always be available to clarify any issues that may arise from the outgoing government’s handover notes.

Also, the Peoples Democratic Party (PDP) has accused the Vice President-elect, Professor Yemi Osinbajo, of misleading Nigerians on the state of the economy. It declared that much of the $63.7 billion debt profile of the nation recently complained of by Osinbajo was incurred by states being governed by his party, the All Progressives Congress (APC).

Sambo spoke on Monday at the Presidential Villa, Abuja while presenting copies of the handover notes to the Ahmed Joda-led APC committee on transition.

He said the report comprised the activities of the Federal Government between 2011 and 2015.

His words: “The handover notes of the Federal Government of Nigeria of this administration between 2011 and 2015 have been properly articulated and printed.

“The Permanent Secretaries of each ministry have signed each page of this report to authenticate it and it is our pleasure to present it to you and pray that it will guide you, guide the incoming administration towards the achievement of positive objectives, development and progress of Nigeria.”

Sambo said further: “I want to add that all of us are always available, after this report between now and May 29, anytime you need to meet with us we are ready to come and sit and clarify.

“All the (Ministries, Departments and Agencies) MDAs will also be ready to meet with you, give you any additional or clarifications that you would want to have on this report that we are presenting”.

In his remarks, Joda described the handover notes as comprehensive, saying his committee would examine the report before final submission to the incoming administration.

His words: “It is my honour and my privilege to receive this comprehensive set of the report from the government transition committee which was chaired by the Vice-President.

“It appears that nothing has been left out. It is now our challenge to give careful study and examination of what is contained in these volumes.’’

Meanwhile, the PDP has accused the Vice President-elect of misrepresenting facts regarding the economy particularly, the correct status of the nation’s government debt stock.

The party maintained that Osinbajo embarked on the misrepresentation of fact ostensibly to further the attempts by the in-coming APC administration to discredit the outgoing administration.

In a statement by its National Publicity Secretary, Olisa Metuh, the PDP criticized the Vice President-elect for failing to be bold and honest enough to also inform the nation that the bulk of the $63.7 billion debt was incurred by APC states.

According to Metuh, “It is indeed unfortunate that the Vice President-elect, who has the details of the debt stock, chose to be economical with the truth and to mislead Nigerians just to discredit the current PDP-led administration and rationalize APC’s unpreparedness for governance.

“Prof. Osinbajo is aware that the $63.7 billion is made up of external and domestic debts belonging not only to the Federal Government but to federal and state governments and accumulating since the 1960s, yet he deliberately misrepresented the facts to give the unsuspecting public the impression that the amount was exclusively incurred by the current Federal Government.”

The PDP stated further: “Perhaps, the Vice President-elect avoided the details so as not to expose the fact that the APC controlled Lagos State has both the highest external debt stock of $1,169, billion as well as the highest domestic debt stock of N278, 867 billion.

“Furthermore, we find it unacceptable and unstatesmanly for the Vice President-elect to attempt to mislead Nigerians into believing that the total federal debt component was accumulated under the President Goodluck Jonathan-led administration, when it is on record that a greater chunk of the amount was inherited”.

The party said it was also on record that part of the contemporary borrowing from the domestic bond market was occasioned by the global economic and financial crisis as well as the downturn in crude oil revenue, which adversely affected other world economies.

Berating the in-coming administration for dwelling on excuses and reneging on campaign promises, the PDP wondered if the APC and the President-elect, General Muhammadu Buhari did not know about the economic challenges caused by the dwindling oil revenues before making what it called “their bogus promises” to Nigerians.

The PDP continued: “The APC must fulfill its promises for which Nigerians voted for them.” It queried:

“Were they not aware of the debt stock and the dwindling oil revenues before making their huge promises to the people? Were the promises only intended as carrots to mislead the people and deceitfully win their votes after which they are dumped?”

The party said the in-coming administration should stop contriving excuses and understand that Nigerians expect nothing short of the fulfillment of its campaign promises in its four years rule, especially given that the solid foundation for wealth creation has already been laid by the PDP, which also remained truthful and honest in making promises to the people during the campaigns.

The PDP added: “Come June ending, the APC must be ready to commence in a very transparent manner, the payment of monthly N5,000 to 25 million poor Nigerians from across the country, monthly allowances for discharged but yet to be employed youth corps members as well as commence delivery of free meals to school children among other promises”.



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