Economy Worse In 90 Days Of APC – PDP

NATIONAL leadership of the Peoples Democratic Party, PDP, yesterday, took a swipe at the government of President Muhammadu Buhari and the All Progressives Congress, APC, saying the nation’s economy under the Buhari administration is worse in 90 days.

Buhari

According to the PDP, Nigerians have been scammed with empty promises since the President was inaugurated on May 29.

In a statement by the PDP National Publicity Secretary, Chief Olisa Metuh, the opposition  stressed that   instead of gains, official reports showed that the last three months under the APC-led government had brought a sudden decline in the nation’s Gross Domestic Product (GDP), with attendant losses and hardship to the citizens, while government embarks on propaganda of imaginary achievements, in addition to attempts to foist harsh economic regime to cover its ineptitude.

Metuh said, “The   shambolic state of the nation’s economy within the period, which represents the worst in the nation’s contemporary history, is a direct fallout of uncertainty created by the inability of the Buhari-led government to chart a clear-cut economic policy, worsened by abuse of regulations, and flagrant violation of constitutional provisions.

“If not for crass incompetence or a possible ulterior motive to subjugate Nigerians for selfish reasons, what else explains the adamant stance of this administration in running a government without the statutory components of a full cabinet and precise fiscal policy direction, even when the negative consequences of this strange totalitarian approach are taking serious toll on the economy and the polity in general?

“Whereas the APC led government is busy with its propaganda of imaginary achievements, official reports from the National Bureau of Statistics show that that the economy is being grounded with Nigeria’s real Gross Domestic Product (GDP) plunging with about 2.35%, while job creation has dropped by 69 percent”

Vanguard