The All Progressives Congress (APC) presidential candidate Bola Tinubu and his vice presidential running mate Kashim Shettima have been urged by the Labour Party to drop out of the 2023 election.
In addition, the Labour Party wants all APC candidates for governorship, senate, house of representatives, and state assembly to give up their bids before the 2023 elections.
Abayomi Arabambi, the party’s national publicity secretary, revealed this in a statement to mark the 62nd anniversary of Nigeria’s independence.
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In a statement made available to Newsmen on Monday, Arabambi alleged that the APC-led government of President Muhammadu Buhari was pushing the country into debt and warned that if its candidates refused to quit honorably, Nigerians would not hesitate to vote the APC out of office.
Arabambi claimed that in the first four months of 2022, the Buhari administration announced via the Budget and Planning Ministry that the expense of debt payment had outpaced its income in the four months under consideration.
He stated that out of the N17.32 trillion allocated for the entire year, the APC government spent a total of N4.2 trillion between January and April 2022.
“In these same four months, a sum of N285bn was earned as oil revenue, this represents a shortfall of 60.9% of the prorated figure of N730.12bn,” he said.
According to the LP spokesman, Mrs. Patience Oniha, Director-General of the Debt Management Office (DMO), confirmed that as of March 2022, Nigeria’s total public debt stock—which includes both domestic and external debt stock profiles—was N41.60 trillion and N42.84TRN ($103.31 billion) as of June 30, 2022.
Divided by 200 million Nigerians, including 50 million who are still unborn, the debt amount would mean that “each Nigerian as of June 30, 2022 is indebted to the tune of N170,000 naira each,” according to Arabambi.
He recalled that Peter Obi, the presidential candidate for the Labour Party, had frequently advised that the government’s borrowing must be at a statutory 5% of the previous year’s revenue, but said that the APC government had disregarded Peter Obi’s prudent advice.
He said, “It is necessary at this juncture for Nigerians to immediately join the cry for the demand for the resignation of the APC from the seat of government, now that it is not in doubt that it has finally ruined a substantial part of the future of Nigeria with its avoidable act of running the country into insolvency.
“The growing cluelessness of the APC in its incompetent management of the country’s econony is easily observed from the silly and unending oil subsidy deductions choreographed calculated scam.”
The Ogun lawmaker claimed that instead of spending money on petrol subsidies, the Federal Government could construct two oil refineries with N11 trillion.
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He bemoaned the APC government’s proposal to spend N6.7 trillion on fuel subsidies while preparing to borrow N11 trillion to cover the costs of the 2023 Budget.
“Fellow Citizens, the painful truth is that N11 trillion can build from scratch, two good refineries for the country.
“Unless we, the being wickedly mortgaged Nigerians as a collective pull resources and worth together to influence a change quickly in the political leadership of the country, it won’t be long when Nigeria will be turned into an extinct nation by the APC.
“LP has chosen to advise APC to immediately withdraw all its candidates from the 2023 elections and safe itself the embarrassment of repeated public lies and falsehood that has become its main character in government.
“No responsible Nigerian will try to insult his/her integrity by either secretly or publicly trying to canvas votes for the APC with its record of ethnic bigotry, official rascality and unheard-of incompetence and shameful cluelessness.
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“It is now clear that APC has gone beyond a point where it can start to repent. It is so insulting and unintelligent.
“Nigeria now must be sure that the APC led Federal Government is bent on completely running Nigeria into irreversible poverty and misery.
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