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”.
Who are we to blame then
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