The Peoples Democratic has called on President Muhammadu Buhari to note that the “apparent absence of an economic team in the third month of his administration” is leading the country into what it described as economic quagmire and doldrums.
It said in the past, it had given examples of the alleged effect of lack of an economic team and a clear-cut fiscal policy by this administration, which it said had become evidenced in the lull and painful decline in the stock market.
The opposition party believed this has also led to spiralling of inflation, the alleged disastrous outing of the government team in bilateral talks during the recent visit to the United States of America and the poor state of the my at present.
A statement by the National Publicity Secretary of the party, Chief Olisa Metuh, in Abuja on Sunday, added that the confusion had been extended to operations and regulations of the foreign exchange transactions in Nigeria wherein he said the government was making it impossible for honest Nigerians to engage in free trade and
regulate their personal activities as guaranteed by the constitution.
Metuh added that this was meant to illegally impose a communist economic regime on Nigerians.
He said, “In a desperate attempt to create a semblance of movement out of the clearly motionless and stoic state of affairs of this government, they have reeled out bans and complete clampdown on free trade.
“One begins to wonder therefore whether we are not heading back to the era of import duty licenses and regulation of commodity prices.
“The most disturbing aspect of this communist economic agenda is the illegal and unlawful attempt to repeal the provisions of the Foreign Exchange Monitoring And Miscellaneous Provisions Act, otherwise known as Decree No 17 of 1995 and replace it with unilateral imposition of new regulations.” Click to signup for FREE news updates, latest information and hottest gists everyday
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In a sane environment, this confused party will bury her heads in shame -Methus' inclusive . They messy up everything yet they came up with all imaginery postures. It is Buhari that brought down the value of the naira from 160 to 199 and 243 in the official and black markets respectively?
ReplyDeleteGod will punish those who mess up our economy. Their families will not escape God's judgement
This latest regulation of domiciliary accounts is one of the smartest moves CBN has made. It will curb the practice of people buying up dollars in the parallel market, putting the money into their domiciliary accounts and then transferring it abroad. PDP can cry over this because they were the ones that bought up all the dollars in the market during the run-up to the presidential elections. Many of them have stacks of $$$$ in their homes. Now they cannot transfer it abroad! Already, the policy is strengthening the Naira in the parallel market! Fantastic move by CBN!
ReplyDeleteOlisah, why is it that you find it hard to make sense any time to open your mouth to talk? Note that some banks has stopped accepting deposits into foreign currency denominated accounts even before hand over. Please do not talk for talking sake. You and your party have not really engaged or aligned your selves as opposition members. Do you think that this is the way to do that? Please ask that you be schooled properly on how to do this opposition thing properly. The Nigerian economy is what it is because of the way former President Goodluck Jonathan did his campaign. As far as I am concerned, you and your party members in PDP are bad luck to this country.
ReplyDeleteOlisa Metu is trying to keep alive a fictitious and pretentious political position so as to continue duping his party. All his views on all matters so far commented upon lacks reasoning. He comments so idiotically and as a mentally demented Person.
ReplyDelete