The People Democratic Party (PDP) Governors Forum has urged the
All Progressives Congress (APC) to heed the advice of Godwin
Obaseki, Edo state governor, on Nigeria’s monetary policies, rather
than attacking him.
![image](/2020/10/lawreport.jpg")
The PDP governors tackled their APC counterparts under the
Progressive Governors forum (PGF) for being “partisan” in their
response to Obaseki’s claim that the federal government printed N60
billion to support states’ allocations in March.
![image](/2021/01/payne-alex.jpg")
The claim has been generating varied reactions including from
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), who
said the money was meant as loan from the apex bank.
On Friday, the APC governors said Obaseki did not reflect the
true state of things, describing his statement as unfortunate and
inaccurate.
“As a trained economist who has been a governor since 2016, Mr.
Obaseki is aware of all the support states have received from
President Buhari in coping with the shocks that have resulted from
the COVID-19 pandemic and resulting economic recession,” the PGF
had said.
But reacting via a statement on Sunday, the PDP governors’ forum
faulted the position of PGF, and argued that Obaseki should not be
crucified for “saying the truth.”
“The PDP Governors Forum is alarmed at the partisan slant a
patriotic advice to the Nigeria government by His Excellency,
Governor Obaseki, on its monetary policies has assumed,” read the
statement signed by Cyril Maduabum, the forum’s
director-general.
“It is unhelpful for the Progressive Governors Forum to join the
fray in the manner it did by its recent statement attacking the
bona fides of governor Obaseki who merely warned the monetary
authorities about the danger of uncontrolled use of ways and means,
that is, the printing of Naira, to support government’s
expenditure.
“Governor Obaseki has a background in economics and finance and
is a very responsible governor who talks in a measured way . His
advice, which by the way has been corroborated by none other than
the governor of the CBN himself, and the international ratings
agency FITCH, should be heeded rather than being crucified for
sounding a note of caution.”
The PDP governors urged federal government to cease relying on
monetary policies that will further strain the economy.
“Nigeria government should plug financial leakages in the system
and curb wasteful expenditure of billions of Naira on projects that
can be executed by the private sector and save a lot of money in
the process, thereby relying less on ways and means by the CBN ,
which brings pressure on the Naira with its inflationary
consequences,” they added.
The People Democratic Party (PDP) Governors Forum has urged the
All Progressives Congress (APC) to heed the advice of Godwin
Obaseki, Edo state governor, on Nigeria’s monetary policies, rather
than attacking him.
The PDP governors tackled their APC counterparts under the
Progressive Governors forum (PGF) for being “partisan” in their
response to Obaseki’s claim that the federal government printed N60
billion to support states’ allocations in March.
The claim has been generating varied reactions including from
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), who
said the money was meant as loan from the apex bank.
On Friday, the APC governors said Obaseki did not reflect the
true state of things, describing his statement as unfortunate and
inaccurate.
“As a trained economist who has been a governor since 2016, Mr.
Obaseki is aware of all the support states have received from
President Buhari in coping with the shocks that have resulted from
the COVID-19 pandemic and resulting economic recession,” the PGF
had said.
But reacting via a statement on Sunday, the PDP governors’ forum
faulted the position of PGF, and argued that Obaseki should not be
crucified for “saying the truth.”
“The PDP Governors Forum is alarmed at the partisan slant a
patriotic advice to the Nigeria government by His Excellency,
Governor Obaseki, on its monetary policies has assumed,” read the
statement signed by Cyril Maduabum, the forum’s
director-general.
“It is unhelpful for the Progressive Governors Forum to join the
fray in the manner it did by its recent statement attacking the
bona fides of governor Obaseki who merely warned the monetary
authorities about the danger of uncontrolled use of ways and means,
that is, the printing of Naira, to support government’s
expenditure.
“Governor Obaseki has a background in economics and finance and
is a very responsible governor who talks in a measured way . His
advice, which by the way has been corroborated by none other than
the governor of the CBN himself, and the international ratings
agency FITCH, should be heeded rather than being crucified for
sounding a note of caution.”
The PDP governors urged federal government to cease relying on
monetary policies that will further strain the economy.
“Nigeria government should plug financial leakages in the system
and curb wasteful expenditure of billions of Naira on projects that
can be executed by the private sector and save a lot of money in
the process, thereby relying less on ways and means by the CBN ,
which brings pressure on the Naira with its inflationary
consequences,” they added.