Buhari committed to resuscitating the economy – APC

Buhari-US-Chamber-Commerce

The All Progressives Congress (APC) assures Nigerians that the President Muhammadu Buhari APC-led administration remains solidly committed to resuscitating the economy in the quickest possible time and in the best interest of the people.

The party said the statement by the Peoples Democratic Party (PDP) on Wednesday is the latest in the party’s “insensitive plot to deflect attention from the voodoo economics and reckless fiscal policies the country was subjected to during its 16-year rule”.

Read the party’s statement in part:

“For the umpteenth time, the PDP lacks the moral basis and credibility to comment or condemn the government on the economy after the mess it left behind. Instead, the PDP must apologize to Nigerians.

The warning signs were glaring to the immediate-past administration but it choose the path of economic sabotage by looking the other way and squandering the country’s commonwealth – a reckless decision that has brought the country to its knees.

Nigerians will recall that even the immediate-past finance minister and coordinating minister of the economy, confessed that the zero political will to save under the immediate-past administration is responsible for the challenges facing the country.

Happily, the President Muhammadu Buhari administration has embarked on well- thought economic agendas, policy actions, appropriate fiscal, governance, and socio-political reforms to revamp the economy and tackle the nation’s current challenges in the short to long term.

Under the new flexible foreign exchange policy introduced by the Central Bank of Nigeria (CBN) in June 2016, we now have a single market-determined exchange rate which enables suppliers of foreign currencies to bring in their money and take the same out at market-determined rates. The new foreign exchange policy being implemented will ensure our economy recovers in the medium to long term.

As contained in the assented 2016 National Budget, the administration of President Muhammadu Buhari is aggressively formulating and implementing policies aimed at diversifying Nigeria’s economy from oil to other sectors such as agriculture, mining and manufacturing.

The administration is also proactively tackling increased attacks on oil facilities in the Niger Delta region which has led to disruptions in crude production.

The President’s shuttle diplomacy has yielded positive effects on the country’s economic policies. As a result, several agreements concluded during the visits are positively impacting on key sectors of the Nigerian economy including power, solid minerals, agriculture, housing and rail transportation.

The fight against corruption remains a top priority for the President Buhari APC-led administration. In spite of desperate attempts by some partisans to discredit anti-corruption efforts in some quarters, the war against corruption is being won and has been well-received and supported. The generality of Nigerians agree that the days of impunity are over.

Through the full implementation of the Treasury Single Account (TSA) by the President Muhammadu Buhari APC-led administration, revenue leakages have been greatly plugged.

The new petroleum products supply and pricing framework which eliminated corruption-tainted subsidy payments has among others greatly solved fuel scarcities by ensuring availability of products at all locations in the country; reduced hoarding, smuggling and diversion substantially and stabilise price at the actual product price; encouraged investments in both Refineries and Retails; provided Government more revenue to address social and infrastructural needs of the country.

In line with the critical infrastructural focus of the President Muhammadu Buhari administration, an unprecedented 30 per cent of 2016 budgetary provision has been committed to capital projects.

As the administration works assiduously to build a new solid foundation, credible image and pull the country out of the present hardships, the APC appeals for patience and cooperation from Nigerians.”

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  • Arabakpura

    Hasten up! You can’t make a 10 year commitment for a 4 year program!

  • josilton

    Why it won’t be easy to bring the economy back to where it was before Jonathan handed over is that the economy at that time was NOT based on services provided. Government officials and their accomplice businessmen simply syphoned money out of federal, state, and local government confers, so people could make money very easily without providing a goods or service, and that was why the people could afford the much inflated prices at that time. Even junior government workers could afford to buy imported used cars in cash, and even afford apartment rent of more than a million naira in Abuja. Now, everyone is being forced to live within their means, and they say economy is bad. The Jonathan economy was a bubble, and the present one is probably where it should be.

    • Suleiman

      One is sick and tired hearing about Jonathan. Who laid the foundation for the economic woes of this country? IBB and Abacha. Who perfected corruption? OBJ. And who buried the economy? Yar’Aduwa. Why all the blame on Jonathan? Is it because he is Minority Christian and an Ijaw by tribe? Why hip this unnecessary blame on him? What about the runaway governors (nPDP governors) who are now the leaders of the APC, should they share some blame? What about Tambwwal who was speaker? Why this PDP brouhaha? Enough of this nonsense. The looting that is now going on is far more than what happened during Jonathan and the current looters who ran away to the APC were in the PDP. APC is party of criminals, shielding criminals. Make no mistake, before their four years run out, these APC thieves would have bankrupted Nigeria. We are now in a recession. The worst is yet to come. After one years and having relooted the so-call loot recovered, these thieves are now reporting they have recovered only 78 billion. Who is deceiving who? Are they thinking we are all idiots like them? May God save Nigeria from these crooks!

  • GameChanger

    APC is yet to face reality!

    • favourtalk

      That your hero stole and corrupted nigeria right?

      • GameChanger

        No, that your own hero is utterly clueless and has destroyed the economy in a record 15 months.

  • favourtalk

    That is obvious and even visible everywhere …

    • woman leader1

      Yes ooo, we can all see it.

  • Buhari d daft cow.

    Pls tell dis cork & bull stories 2 d birds.

    • woman leader1

      Mtsheeee

      • Buhari d daft cow.

        Mrs knob head wot up?

  • woman leader1

    That is it, we can all see that.

  • OMOLOYIN

    We all know that PMB will do it. It’s just a matter of time.
    Gold goes through fire before it can be called a jewelry.