ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Monday, January 18, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
John Odigie-Oyegun, Former APC Chairman

John Odigie-Oyegun

Again, APC blames PDP for Nigeria’s economic woes

byTaiwo-Hassan Adebayo
September 5, 2016
2 min read

Nigeria’s ruling party, the All Progressives Congress, has again blamed the opposition Peoples Democratic Party for the country’s current economic crisis.

The APC, whose other officials including Chairman John Oyegun had stated similar stance, on Monday asked the opposition party to apologize to Nigerians. It, however, assured that President Muhammadu Buhari would undertake the “urgent task” of reviving the “battered” economy.

Nigeria’s economy is officially in recession, the National Bureau of Statistics confirmed on Wednesday, saying the country’s Gross Domestic Product contracted by 2.06 per cent in the second quarter of 2016, the second time of recording negative growth rate consecutively.

Nigeria’s economic crisis – marked by growing inflation, falling naira value, low oil revenue, increased incapacity of most states to carry out basic responsibilities and general hardship among citizens – was a result of President Muhamadu Buhari’s “ineptitude and incompetent” approach to the management of the economy, PDP said in a statement hours after the NBS release.

“We join all well-meaning Nigerians to call on Mr. Buhari to resign if he is unable to reverse the disastrous economic decline he has brought on Nigerians,” PDP said.

But APC, in a statement by its National Secretary, Mai Buni, insisted the manners in which the economy was managed as well as “unprecedented” high scale corruption under the PDP government of former President Goodluck Jonathan were the circumstances that plunged Nigeria into the current economic quagmire.

The situation has seen many Nigerians struggle to eke out living, and various companies close shops or retrench workers.

Since Mr. Buhari came to power in May last year, a total of 4.58 million Nigerians have become unemployed over a period that stretches through 2015 Q3, Q4 and 2016 Q1, Q2, NBS revealed on Wednesday.

However, Mr. Buhari, who rode to power on the promise he was going to revive the economy, fight corruption and ensure security, should not blamed for the crisis, the ruling party said.

RelatedNews

VIDEO: How communal crisis set back my farming business – Susan Godwin

Nigeria migrates all mineral titles to digital canvas expecting revenue windfalls

Ondo Governorship: Court dismisses another suit challenging Akeredolu’s re-election

INTERVIEW: What Nigeria needs to do this year to stabilise economy — Buhari’s Adviser

“In spite of the PDP’s orchestrated and feeble attempts to blackmail the current administration and twist facts, the reality remains that the prevailing socio-economic hardship being faced by Nigerians is a direct consequence of the mismanagement of the economy and unprecedented looting of the country’s commonwealth perpetrated under its watch,” APC said.

It said the PDP’s “attempt to turn truth on its head is fraudulent, insensitive and an insult to Nigerians,” adding that, “For the umpteenth time, the PDP must own up to its transgressions and apologize to Nigerians.”

“Going forward, the urgent task before the President Muhammadu Buhari-led APC administration is to restore the country’s battered economy back to health and all legitimate and innovative means are being employed to achieve this in the quickest possible time.

Dangote adbanner 728x90_2 (1)

“The APC assures Nigerians of the strong political will and commitment of the President Buhari administration to revive the economy and tackle the nation’s current challenges through suitable and well-thought economic policies, fiscal discipline and socio-political reforms,” the scribe said.

He added that economic diversification topped the government’s strategic agenda. He also sought public cooperation for Nigeria to reach its deserved place.

“Among other strategic economic agendas, diversification of the country’s economy is a priority for the administration. To this end, President 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 APC assures Nigerians that the administration will pull the country out of the present hardships. With the support, cooperation, patience and prayers of Nigerians, the country will reach its deserved potential under our leadership.”

While the government has repeatedly promised better days ahead and encouraged citizens to bear “today’s pains for tomorrow’s gains”, Nigerians appear impatient, demanding short term approaches to address growing hardship.

This was amplified, during the weekend, by Shehu Sani (APC Senator representing Kaduna Central) who warned that Nigerians “may die before President completes reforms”. Similarly, Dino Melaye, another APC Senator, Kogi West, sought “drastic” measures, lamenting that “The hunger in the land is real, pervasive, widespread and debilitating for the poor masses.”

ADVERTISEMENT
  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (13)
premiumtimes



PT Mag Campaign AD

Previous Post

Guard who killed employer in Lagos arrested in Taraba – Police

Next Post

How we were kidnapped, then rescued by police officers

Taiwo-Hassan Adebayo

Taiwo-Hassan Adebayo

More News

Reasons Marwa rejected Adamawa polls

NDLEA: Marwa resumes as chairman, silent on 5,000 shortlisted job seekers

January 18, 2021
Former President Goodluck Ebele Jonathan at the Osasu Show Symposium. [PHOTO CREDIT: Official Twitter handle of TOS]

Jonathan’s mission to The Gambia unites parties – Official

January 18, 2021
Civil-Defence

Civil defence gets acting commandant-general

January 18, 2021
Yoweri Museveni and Bobi Wine [Photo Credit: Nile Post]

Uganda switches on internet after days of shutdown, blocks social media

January 18, 2021
Cape Verde President. Jorge Carlos Fonseca [PHOTO CREDIT: Unesco]

Why Cape Verde didn’t obey ECOWAS ruling on Venezuelan diplomat — Official

January 18, 2021
Minister of Communication, Dr Isa Ali Pantami

NIN: Nigerian govt approves enrollment centre for diplomats

January 17, 2021
Next Post
Shot suspected suicide bomber a top Kaduna govt official, police say

How we were kidnapped, then rescued by police officers

FILE PHOTO: A cross-section of internally displaced persons

Borno residents displaced two years ago by Boko Haram return to liberated Konduga

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad




Advertisement






netherland biz school Advert

Zenith Advert

Heritage Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps Address Nationwide
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.