When APC Took Power Nigeria Was Africa’s Biggest Economy, But Now Poverty...

When APC Took Power Nigeria Was Africa’s Biggest Economy, But Now Poverty Capital Of The World – PDP Governors Lament

By Daily Post Nigeria on January 18, 2022
Party faithful fly PDP flags at a campaign rally.

Governors elected under the platform of the Peoples Democratic Party, PDP, have lamented what they described as the destruction of Nigeria’s economy by the ruling All Progressives Congress, APC.

They noted in a communique issued on Monday, January 17, 2022, at the end of their two-day meeting in Port Harcourt that APC inherited Africa’s biggest economy in 2015 but has ended up making the country the poverty capital of the world.

The communiqué reads in part: “The Nigerian Economy has continued to deteriorate and Nigerians have become numb and accustomed to bad economic news as exemplified by the inconsistent and differential exchange rate regime, high interest rates, unsustainable unemployment figures and borrowing spree some of which have not been applied to important projects, and other bad economic indicators. In particular, it is clear that the APC Government is a massive failure when compared with the records of PDP in government. The PDP handed over a $550 billion economy (the largest in Africa), but under APC, Nigeria is the Poverty Capital of the world.  In 2015, under PDP, the exchange rate was N198 per Dollar, it is now under APC almost N500 to a Dollar; In 2015, unemployment rate was 7.3% under PDP, it is now 33%, one of the highest in the world under APC; In 2015, the Pump price of Petroleum was N87 per litre, it is now N165 per litre and climbing under APC. Debt Servicing now under APC takes over 98% of the Federal budget. The tales of woe is endless.”

The meeting, according to the communiqué, “urged eligible Nigerians of all walks of life, particularly the Youths, to register en masse with INEC to exercise their franchise in the 2023 general elections. It further noted that the next election is a very consequential election that should be used to end the dominance of very youth unfriendly APC Government; a government that had the arrogance to deny Nigerian youths of the use of TWITTER, a business friendly tool for the young, for over a year. The youths should empower themselves to determine who leads them.”

The PDP Governors noted that “the management of our Oil and Gas resources, the administration of Federation Account remittances have remained opaque, confusing and non – transparent. In addition, the transition to NNPC Ltd under the Petroleum Industry Act has not been properly streamlined to ensure that the interests of all the tiers of Government are protected, consistent with the 1999 Constitution.”

They also deliberated on the contentious Electoral Act Amendment Bill recently rejected by President Muhammad Buhari, urging the National Assembly to quickly conclude deliberations on it. They urged the National Assembly to “conclude action on bill by either by overriding President Muhammadu Buhari’s veto on it or deleting the areas of complaint.”

The communiqué further reads: “The PDP Governors congratulated the entire PDP family for conducting a smooth and credible National Convention that led to the emergence of the highly acclaimed Senator Dr. Iyorchia Ayu-led National Executive Committee and commended the new PDP NWC for hitting the ground running with respect to repositioning the PDP into a credible vehicle for RESCUING and REBUILDING Nigeria which has been battered by bad economy, insecurity, unemployment and other social ills  by the incompetent and inept APC Administration.

“The PDP Governors requested the National Assembly to quickly conclude deliberations on the Electoral Act Amendment Bill either by overriding Mr President’s veto or deleting areas of complaints. The meeting advised that the option of sustaining Mr President’s veto would lead to a quicker resolution and would deny Mr President the opportunity to once again truncate a reformed Electoral jurisprudence for Nigeria. An early concluded Electoral Act is vital for credible elections.

“The meeting lamented the continued state of insecurity in the country, the persistent and ceaseless flow of Nigerians’ blood on a daily basis in many parts of Nigeria, the near collapse of the security situation in Nigeria. The strategies to confront terrorists, kidnappers, bandits and other criminals is still a major problem of the APC administration.

“The meeting expressed regrets that Mr President is unwilling, from his recent comments discountenancing the proposals for state policing, to participate in reviewing the structural problems of tackling insecurity in Nigeria and urges Mr President to reconsider his position and consider decentralisation and restructuring of the security architecture as the most viable solution, together with proper arming, funding and training requirements for Security Agencies.

“The PDP Governors congratulated the Chief Host, His Excellency, Governor Nyesom Ezenwo Wike, CON, for the very high standards of hosting and for the great leadership performance he has entrenched in Rivers State.

“The PDP Governors wished Nigerians and PDP Members a happy new Year.”

In attendance were:

Rt. Hon. Aminu Waziri Tambuwal, CFR- Sokoto State  – Chairman

Gov. Udom Emmanuel  – Akwa Ibom State  – Member

Gov. Sen. Douye Diri  – Bayelsa State  – Member

Gov. Samuel Ortom -Benue State -Member

Gov. Dr. Ifeanyi Okowa  – Delta State  – Member

Gov. Ifeanyi Ugwuanyi  – Enugu State  – Member

Gov. Nyesom Wike, CON  – Rivers State  – Member

Gov. Engr. Oluseyi Abiodun Makinde  – Oyo State  – Member

Gov. Ahmadu Umaru Fintiri  -Adamawa State -Member

Gov. Bala Mohammed -Bauchi State  – Member


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