The Buhari Media Organisation (BMO), has on Monday, August 12, disclosed that the Peoples Democratic Party (PDP), has totally run out of ideas, and is now pushing out unverified claims and mixing facts with outright fiction.
The BMO, in a statement sent to TOS TV, signed by its Chairman, Niyi Akinsiju, and Secretary, Cassidy Madueke, pointed out that there was nothing in PDP’s recent claims of capital flight from Nigeria.
The group, noted that it is obvious in the manner the party and its Presidential Candidate in the last election, Atiku Abubakar, have been recycling old reports, just to take a swipe at the President Muhammadu Buhari’s administration.
The BMO stated: “Like a drowning man, 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 shut down the UNCTAD investment report on Nigeria with facts and figures, several months ago.
“For the avoidance of doubt, the report by the United Nations (UN), body centred on the 2018 financial period during which it claimed there was a decrease of over 40% in FDI inflows. However, available records at the 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 the 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% of the total amount”, the BMO added.
The group noted that the January – May 2019, FDI figure of $2.87 billion is commendable, in spite of the usual fear of political uncertainties in all election years since the return of democracy.
“This more than anything else is a clear indication of investor confidence in the Buhari administration, which has proved over the years to be different from what Nigeria was used to.
“We urge PDP and other nay-sayers to wait till the end of the year, to see full details of how well the country has fared in attracting FDI into the country, in the first year of the second and final term of President Buhari.