The Peoples Democratic Party (PDP) has backed allegations by former Emir of Kano, Sanusi Lamido Sanusi, that President Muhammadu Buhari’s administration rubbished the progress recorded by Nigeria in 35 years.
The PDP asserted that the declaration by the former governor of the Central Bank of Nigeria (CBN) directly reflected the position of majority of Nigerians.
In a statement yesterday, the PDP National Publicity Secretary, Kola Ologbondiyan, called on more stakeholders to speak out, irrespective of ethnicity, creed and political affiliations, to save the nation from 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.”
The party recalled that it handed over a robust economy, rated the largest 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 per cent unemployment and 17.38 per cent inflation rate; 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,” PDP added.
According to the opposition party, more depressing is that the APC administration practically erased all the gains of the debt repayment achieved by the PDP, returned the nation to a beggar state and mortgaged its sovereignty with reckless borrowing and accumulated N33.107 trillion.
It lamented: “Life has become so unbearable in Nigeria under 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 the poverty capital of the world and 98th out of 107 in Global Hunger Index.
“Today, under the APC, a litre of petrol, which sold for N87 under the PDP, sells for N165; a bag of rice sells for N30,000 from N8,000.”
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