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PDP running short of ideas – BMO

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The Buhari Media Organization (BMO) has stated that the Peoples Democratic Party (PDP) has run out of ideas and is now rejecting unverified claims and mixing facts with direct fiction.

The organization said it was obvious how the party and its presidential candidate in the last election, Atiku Abubakar, were laundering old relationships to hit President Muhammadu Buhari’s government.

In a statement by its president Niyi Akinsiju and Secretary Cassidy Madueke, the BMO stated that there was nothing in the PDP’s recent statements about capital flight from Nigeria.

“Like a drowning man, the PDP has not ceased clutching at straw, and that is exactly what it was doing in its attempt to cast the Buhari administration and the ruling All Progressives Congress (APC) in bad light.

“The latest is the PDP’s bid to capitalise on a report issued by the United Nations Conference on Trade and Development (UNCTAD) just after the 2019 elections as proof that Foreign Direct Investments (FDI) are on a decline on President Buhari’s watch.

“But in the rush to put out what they considered as a good line of attack, PDP leaders were either too lazy or too overzealous to realise that the Central Bank of Nigeria (CBN) had shot down the UNCTAD investment report on Nigeria with facts and figures, several months ago.

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“For the avoidance of doubt, the report by the UN body centred on the 2018 financial period during which it claimed there was a decrease of over 40 per cent in FDI inflows. However, available records at CBN showed a significant increase in foreign investments at the time.

“In fact, the total capital inflows in 2018 stood at $19.07 billion, out of which FDI accounted for $7.78 billion, which is clearly more than what the report cited by PDP shows.

“Also, capital inflow into the country in the first five months of 2019 is $14.2 billion, out of which FDI accounted for $2.87 billion, or 20.18 per cent of the total amount,” BMO added.

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