Buhari is spending money like a drunken sailor – Fani-Kayode

Following President Muhammadu Buhari’s presentation of the 2016 budget of the over N6 trillion before a joint session of the National Assembly on Tuesday, a chieftain of the Peoples Democratic Party, PDP, Chief Femi Fani- Kayode has accused the President of mortgaging the future of Nigerians stressing that the budget was insincere.

The former PDP Presidential Campaign spokesman, in a statement in Abuja yesterday, accused the Buhari administration of spending money like a drunken sailor.

Fani-Kayode stated that it was ironic that former Lagos State Governor, Asiwaju Tinubu; Minister of Transportation, Rotimi Amaechi and Governor Nasir El- Rufai who were all against deregulation during former President Jonathan tenure are now in support of deregulation.

Noting that the Buhari’s government was mortgaging the future of Nigeria, Nigerians and their children, he said, “The 2016 budget is fueled by insincerity, shrouded in fantasy, built on tall dreams and spawned by deceit, ignorance and the illusion of change. It is bloated, unrealistic, expensive, cosmetic and it will not result in anything good.

“In order to fund part of the budget the government intends to borrow money and this will throw our country into even greater debt. What a tragedy this is given the fact that in 2007 Nigeria was debt-free. The Buhari administration is spending money like a drunken sailor and they are borrowing as if there is no tomorrow, mortgaging the future of our nation and our children.

“We need far more fiscal discipline and seriousness than that if our government really wishes to improve the economy and better the lives of ordinary people.