National leadership of the People’s Democratic Party (PDP), yesterday, has slammed the government of President Muhammadu Buhari and the All Progressives Congress (APC), saying that the nation’s economy under the Buhari administration is worse in 90 days.
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).
“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,” the statement read.