Breaking: PDP asks Buhari to sack Finance Minister over currency printing

The Peoples’ Democratic Party, PDP, has asked President Muhammed Buhari to sack the Minister of Finace, Budget and National Planning, Zainab Ahmed over the statement by Edo State Governor Godwin Obaseki that the FG just printed and shared about N60b to the states as March Federal allocation.

In a statement signed by Kola Ologbondiyan, the Party asserts that the admission by CBN Governor, Godwin Emefiele, that the apex bank has been printing money at the bidding of government, has vindicated its earlier stand that the Buhari-led APC administration is characterized by concealments, deceit and falsehood.

The PDP flays the Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, for attempting to mislead Nigerians by denying the revelations by the Edo state Governor Godwin Obaseki, that N60 billion was printed in March to support federal allocation to states.

It said that Governor Obaseki, as a financial expert, who is not known for flippancy, must be commended for his act of patriotism in exposing the dire economic situation our nation has been plunged under the President Muhammadu Buhari administration.

It also said that a situation where the Federal Government cannot articulate and implement policies favourable to wealth creation but resorting to borrowing and indiscriminate printing of currency notes, only goes to further confirm that the Buhari administration lacks the credibility and capacity to run a nation.

Indeed, the admission by the CBN governor that “Nigeria is unfortunately in a very bad situation” further justifies our position that the @MBuhari-led @OfficialAPCNg administration has wrecked the economy of our nation.

“Our party is worried over the huge negative impact of indiscriminate printing of currency which has led to the unprecedented rise in inflation rate to 18.17% as disclosed by the Bureau of National Statistics (NBS) on Thursday.

“This situation has led to further economic hardship with surging prices and fallen purchasing power throwing millions of families in distress and unable to afford the basic necessities of life,” the PDP said.

The party called on President Buhari to ppen up to Nigerians on the truth state of the economy.

” @OfficialPDPNig calls out President @MBuhari to come clean on the amount that has been printed so far by the CBN to finance the deficit caused by the financial mismanagement of his government as well as what the funds had been used for.

“Furthermore, for failing the full disclosure test, the @OfficialPDPNig demands that the Minister of Finance should immediately be relieved of her position, while the President accepts responsibility for the indiscriminate printing of currency in our naira,” the Party said.