The Buhari Media Organization (BMO) has said 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 is evident in the way the party and its presidential candidate in the last elections, Atiku Abubakar, were recycling old reports to hit the government of President Muhammadu Buhari.
In a statement by its president Niyi Akinsiju and secretary Cassidy Madueke, BMO said there was nothing in the recent PDP claims of capital flight from Nigeria.
“Like a drowned man, the PDP has not stopped clinging to the straw, and that is precisely what he was doing in his attempt to throw the Buhari administration and the ruling of All Progressives Congress (APC) in poor condition.”
“The last is the PDP’s commitment to capitalizing on a report issued by the United Nations Conference on Trade and Development (UNCTAD) just after the 2019 elections as proof that foreign direct investment (FDI) is in decline under the Supervision of President Buhari.
“But in a rush to present what they considered a good line of attack, PDP leaders were too lazy or too jealous to realize that the Central Bank of Nigeria (CBN) had torn down the UNCTAD investment report on Nigeria with facts and figures, several months ago.
“For the avoidance of doubt, the UN agency’s report focused on the 2018 financial period during which it stated that there was a decrease of more than 40 percent in FDI inflows. However, the records available at CBN showed a significant increase in foreign investments at that time.
“The total capital inflows in 2018 was $ 19.07 billion, of which FDI represented $ 7.78 billion, which is more than the report cited by PDP shows.
“Besides, the capital inflow to the country in the first five months of 2019 is $ 14.2 billion, of which FDI represented $ 2.87 billion, or 20.18 percent of the total amount,” BMO added.