September 30, 2008
PRESS STATEMENT 1ST OCTOBER 2008
Conference of Nigeria Political Parties {CNPP}, after a careful analysis of President Umaru Yaradua’s independent speech, regrettably rates the speech as an orchestra of deception emanating from a failed regime. President Yar'adua had for the umpteenth time, tried to deceive Nigerians that he has nothing to do with the nine years misrule and failed regime of the Peoples Democratic Party {PDP}; otherwise when did continuity of the construction of roads, electricity, water, education, health and other contracts already awarded and duly appropriated by his mentor Chief Olusegun Obasanjo, amount to quick-fix? Is 16 months too short for an effective leader to galvanize the abundant human and material resources of the country to fix our physical infrastructure deficit? The height of the orchestra of deception was also exposed when President Yaradua in his speech said, ‘Fellow Nigerians, our economy is on a strong footing with an average growth rate of 6.9%, a single digit inflation, external reserve of about $63 billion dollars…’ CNPP poses the following questions:-----Is the economy on strong footing only in the CBN Account Books or on the Food Table of Nigerians?…...Can the $63 billion dollars trapped in the JP Morgan Chase, a failed bank, caught up in the US Financial Crisis, be banked on? President Yaradua should protect, uphold and preserve the Constitution of the Federal Republic of Nigeria in line with his Oath of Allegiance, by coming out clean to tell Nigerians that we are in a deep financial mess. CNPP’s study of Nigerian economy shows that there is liquidity crunch; drying up of credit rates in our banks, in other words rise in lending interest rates, crass unemployment and grave financial crisis. Hence the economy is not on strong footing. Consequently, the CNPP regrets that the goodness, patience and tremendous resilience of Nigerians are ignobly taken as weakness and stupidity by deceptive and failed leadership. President Yaradua should resign in the absence of culture of honesty. Osita OkechukwuNational Publicity SecretaryCNPP08039738870
Conference of Nigeria Political Parties {CNPP}, after a careful analysis of President Umaru Yaradua’s independent speech, regrettably rates the speech as an orchestra of deception emanating from a failed regime. President Yar'adua had for the umpteenth time, tried to deceive Nigerians that he has nothing to do with the nine years misrule and failed regime of the Peoples Democratic Party {PDP}; otherwise when did continuity of the construction of roads, electricity, water, education, health and other contracts already awarded and duly appropriated by his mentor Chief Olusegun Obasanjo, amount to quick-fix? Is 16 months too short for an effective leader to galvanize the abundant human and material resources of the country to fix our physical infrastructure deficit? The height of the orchestra of deception was also exposed when President Yaradua in his speech said, ‘Fellow Nigerians, our economy is on a strong footing with an average growth rate of 6.9%, a single digit inflation, external reserve of about $63 billion dollars…’ CNPP poses the following questions:-----Is the economy on strong footing only in the CBN Account Books or on the Food Table of Nigerians?…...Can the $63 billion dollars trapped in the JP Morgan Chase, a failed bank, caught up in the US Financial Crisis, be banked on? President Yaradua should protect, uphold and preserve the Constitution of the Federal Republic of Nigeria in line with his Oath of Allegiance, by coming out clean to tell Nigerians that we are in a deep financial mess. CNPP’s study of Nigerian economy shows that there is liquidity crunch; drying up of credit rates in our banks, in other words rise in lending interest rates, crass unemployment and grave financial crisis. Hence the economy is not on strong footing. Consequently, the CNPP regrets that the goodness, patience and tremendous resilience of Nigerians are ignobly taken as weakness and stupidity by deceptive and failed leadership. President Yaradua should resign in the absence of culture of honesty. Osita OkechukwuNational Publicity SecretaryCNPP08039738870
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