Wednesday, 15 October 2014

PDP welcomes Buhari to presidential race




The Peoples Democratic Party says its is pleased to welcome to the 2015 presidential contest, the former Head of State, Gen. Muhammadu Buhari (retd.), who declared his intention on Wednesday in Abuja.

While congratulating and wishing him well in his ambition, the party in a statement signed by its National Publiicity Secretary, Chief Olisa Metuh said it noted what it described as some distortions and misrepresentation of facts in his speech.

Metuh said the party would like to put the record straight.

He said, "According to Buhari, Nigeria was generating 4000 mws of electricity in 1999 but has today fallen short of that capacity under the PDP.

"However, the fact remains that as at May 29th 1999 when PDP took office, Nigeria was generating 1600MW. We urge Nigerians to fact-check on this.

"Corroboration of this figure can also be sought from the World Bank, the IMF and multiple other authoritative sources.

"In contrast, it is common knowledge that under the transformative leadership of President Goodluck Jonathan, Nigeria now generates 4568MW of electricity; a triple of what was generated in 1999."

He said that Buhari also stated that a growing economy which the PDP inherited in 1999 had been destroyed within 15 years in office.

This, he said, did not represent the reality on the ground.

Metuh said the fact which he said could be verified from the hand-over notes from the military as well as from the World Bank and IMF was that Nigeria was the third largest economy in Africa in 1999, behind South Africa and Egypt.

He said the nation was also rated number 48 in the world, while the Foreign Reserve stood at $3.6bn and foreign debt stood at $36bn.

Credit:  punch

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