The Peoples Democratic
Party has said the Nigerian economy has suffered under the government of
President Muhammadu Buhari since he assumed office.
The party said the
shambolic state of the nation’s economy within the period, which represents
“the worst in the nation’s contemporary history,” was direct fallout of uncertainty
created by the inability of the Buhari-led government to chart a clear-cut
economic policy, worsened by alleged abuse of regulations and flagrant
violation of constitutional provisions.
In a statement issued
on Saturday by the party’s National Publicity Secretary, Olisa Metuh, the PDP
said instead of gains, the last three months under the APC-led government had
brought a sudden decline in the nation’s Gross Domestic Product, with alleged
attendant losses and hardship to the citizens.
The statement read in
part, “In the last three months under an inept and poorly coordinated All
Progressives Congress-led government, our nation’s economy, which before now
held the record as the largest in Africa and one of the fastest growing in the
world, suddenly plummeted as officially evidenced in the lull in the capital
and money market sectors, which have lost billions of naira; spiral rate of
inflation, and stagnation in domestic and foreign direct investments, with
investors scared away due to the uncertainty arising from lack of economic
direction and apparent confusion in the polity.”
-Punch
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