The South East chapter of the All Progressives Congress, APC, has blamed the administration of President Goodluck Jonathan for the increasing hardship the president said Nigerians are facing.
Mr. Jonathan had during a church service on Sunday in Abuja admitted that Nigerians “are facing a lot of challenges now as a nation, the challenges did not start today, but some how, instead of abating the problems started increasing for one reason or the other.”
He also said the drop in the crude oil prices would affect Nigerians in one way or the other though the Economic Team was working very hard to stabilize it.
In a statement on Monday by its spokesperson, Osita Okechukwu, the South East APC said it agreed with Mr. Jonathan that Nigerians were facing a lot of challenges, but that they were increasing because of the nebulous and inchoate economic policies of the Jonathan’s Economic Team.
“One is at a loss how else an economy can be down, except now that Nigeria is broke, the Naira devalued and we are back into the loop of foreign debt trap. Our hardship and the challenges are inflicted by Jonathan regime,” the party said.
“This is an Economic Team that never planned for the rainy day. The volatility of crude oil price is of elementary knowledge, therefore no responsible and responsive government will panic form day one as the Jonathan’s Economic Team panicked.
“On one breathe they said that government has no business in business and in another breathe they fuel corruption.”
The APC said at the inception of the Jonathan administration in May 2010, it inherited from late President Umaru Musa Yaradua over $10 billion in the Excess Crude Account, ECA, but that from that time until last month, crude oil price was never sold below $90 per barrel.
It also argued that in the last five years, the Federal Inland Revenue Service, FIRS, had annually been raking in minimum of N4 trillion from corporate and personal income taxes nationwide while the Nigeria Customs Service, in spite of reckless waivers granted to cronies by the Jonathan government, raked in minimum of N800 billion, annually.
“Accordingly, when you add revenue from LNG and other sources you will agree with me that the hardship Nigerians are facing today is deliberately inflicted by lack of plan and squandering of resources by the Jonathan administration,” it said.
The opposition party argued that if the president had completed the three Greenfield Refineries he awarded in 2010 to be located in Bayelsa, Lagos and Kogi States, the N2 trillion being squandered annually on the importation of refined petroleum products could have been utilized in the power sector.
The party advised Nigerians to keep their voting cards safe to enable them vote during the February elections, saying “no amount of blame game sermons and excuses by President Jonathan will deny Nigerians their obligation of harvesting from the old time doctrine of election in liberal democracy, which is the civic duty of vote- referendum on the performance of the incumbent.”