Cover Politics

PDP hails Sanusi’s exposé on Buhari, APC over economic mismanagement

By Myke Uzendu, Abuja

The Peoples Democratic Party (PDP) has said that the exposé by former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, that the gains made by Nigeria in 35 years were wiped out in the last five years, vindicated it’s position that President Muhammadu Buhari-led All Progressives Congress (APC) administration has wrecked our nation.


The PDP in a statement on Wednesday by it’s Spokesperson, Kola Ologbondiyan asserted that the declaration by Sanusi Lamido directly reflects the position of majority of Nigerians across the country.


PDP said that the situation is now beyond politics and called on more stakeholders to speak out irrespective of ethnicity, creed and political party affiliations, so as to save the nation from a total collapse. 


“The Buhari Presidency and the APC have in the last six years, only succeeded in destroying every sector of our national life with their manifest incompetence, unbridled corruption, treasury looting, impunity, exclusionist and restrictive economic policies that have brought our nation to her knees” PDP stated..
The party called on Nigerians to recall that it handed over a robust economy, rated the largest hub in Africa and one of the fastest growing in the world with Fitch B+ rating and Gross Domestic Produce (GDP) of $574 billion to President Buhari and the APC in May 2015.


“Sadly, in the last six years, Buhari-led APC administration has reduced our productive sectors to a complete wreckage with alarming 33.3 percent unemployment and 17.38% inflation rates; over 60 million hitherto flourishing businesses folded up and the naira crashing from N167 to a dollar in 2015 to N512 under the APC corrupt and directionless watch.


“More depressing is that the corrupt APC administration has practically erased all the gained of the debt repayment achieved by the PDP, returned our nation to a beggar state and mortgaged the sovereignty of our country with reckless borrowing and accumulated N33.107 trillion.


“Life has become so unbearable in Nigeria under President Buhari and the APC, that more than 82.9 million Nigerians are no longer able to afford their daily meals and other necessities of life, with our nation now ranking as poverty capital of the world and 98th out of 107 in Global Hunger Index.


“Today, under the APC, a liter of fuel which sold for N87 under the PDP now sells for N165, a bag of rice which sold for N8,000 now sells for N30,000, a measure of garri and beans which sold for N150 and N250 now sell for N600 and N800 respectively; a measure of maize and guinea corn which sold for about N150 now sells for N400, a kilo of meat which sold for about N800 now sells for about N2,300 while a 12.5 kg of cooking gas which sold for N3,000 now sells for over N6,000, all thanks to the incompetence and corruption of the Buhari-led APC administration”.


The opposition further said that the compromises of the APC administration have led to the escalation of terrorist activities, banditry, kidnapping, killings, bloody agitations as well as other acts of violence that have turned the country into a large funeral palour, with no hope in sight.


The PDP urged more Nigerians to speak out to rescue the nation from the fast descent to a failed state.

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