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Government & Politics

It Is Immoral To Condemn Buhari Over Current Economic Recession- APC Tells PDP

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Ruling party, APC, says it is immoral of the opposition party, PDP, to condemn President Buhari for the current economic recession in Nigeria. The party said this in reaction to a statement made by the PDP that President Buhari should resign from office following the report from the National Bureau of Statistics, that Nigeria is currently in economic recession.

In a statement signed by its National Secretary, Mai Mala Buni, APC said PDP should apologize to Nigerians for mismanaging our resources and failing to save for the rainy day. The statement reads in parts;

“For the umpteenth time, the PDP lacks the moral basis and credibility to comment or condemn the government on the economy after the mess it left behind. Instead, the PDP must apologise to Nigerians. The warning signs were glaring to the immediate-past administration. But it choose the path of economic sabotage by looking the other way and squandering the country’s commonwealth, a reckless decision that has brought the country to its knees. Nigerians will recall that even the immediate-past finance minister and coordinating minister of the economy, confessed that the zero political will to save under the immediate-past administration is responsible for the challenges facing the country. Happily, the President Muhammadu Buhari administration has embarked on well- thought economic agenda, policy actions, appropriate fiscal, governance, and socio-political reforms to revamp the economy and tackle the nation’s current challenges in the short to long term. Under the new flexible foreign exchange policy introduced by the Central Bank of Nigeria (CBN) in June 2016, we now have a single market-determined exchange rate which enables suppliers of foreign currencies to bring in their money and take the same out at market-determined rates. The new foreign exchange policy being implemented will ensure our economy recovers in the medium to long term. As contained in the assented 2016 National Budget, the administration of President Muhammadu Buhari is aggressively formulating and implementing policies aimed at diversifying Nigeria’s economy from oil to other sectors such as agriculture, mining and manufacturing. The administration is also proactively tackling increased attacks on oil facilities in the Niger Delta region which has led to disruptions in crude production. The President’s shuttle diplomacy has yielded positive effects on the country’s economic policies. As a result, several agreements concluded during the visits are positively impacting on key sectors of the Nigerian economy including power, solid minerals, agriculture, housing and rail transportation. The fight against corruption remains a top priority for the President Buhari APC-led administration. In spite of desperate attempts by some partisans to discredit anti-corruption efforts in some quarters, the war against corruption is being won and has been well-received and supported. The generality of Nigerians agree that the days of impunity are over. Through the full implementation of the Treasury Single Account (TSA) by the President Muhammadu Buhari APC-led administration, revenue leakages have been greatly plugged”.

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