The Federal Government has said the poor state of the country’s economy, especially the depreciation in the Naira exchange rate, is the direct consequence of the incomprehensible mismanagement of the economy and the mindless looting of the national treasury under the immediate past Administration, rather than any so-called mismanagement by the Buhari Administration
”If there was still any honour left among thieves, there is no way the leaders of a party under whose watch the nation’s economy suffered a monumental mismanagement and the Central Bank was turned to the ATM or piggy bank of a few people will have the temerity to insult a government that is working hard to turn things around or the citizens who are bearing the brunt of such mismanagement,” the Minister of Information and Culture, Lai Mohammed, said in a statement on Sunday.
”It is now clear to all Nigerians that if the PDP had won the last general elections, Nigeria’s economy would not have survived one more month, considering the battering it received under the immediate past Administration. It is therefore unconscionable that those who should show contrition and hunker down to avoid public opprobrium are the same ones pointing an accusing finger at the Buhari Administration,” he said.
Mr. Mohammed described the comments credited to Deputy Senate President Ike Ekweremadu, that businesses may collapse in the next six months because the Buhari Administration has mismanaged the economy, as the clearest indication yet that the PDP and its leaders are still in denial about the massive body blows they inflicted on the Nigerian economy.
”Senator Ekweremadu complained about the depreciation of the Naira without telling Nigerians who ‘dollarized’ the Nigerian economy by bribing many individuals and groups with dollars during the last elections, thus inflicting a knock-out punch on the local currency. He also failed to tell Nigerians which government presided over the frenzied mop-up of dollars, either for ‘armsgate’ or for slush fund purposes, from the CBN to a point where it almost ran out of the hard currency,” he said
The Minister said even though the Buhari Administration met an economy that was in coma, it had refused to use that as an excuse for inaction, hence has been working hard on measures that will turn the economy around and greatly offer relief to Nigerians by lifting millions, not thousands, of people out of poverty through a massive social intervention policy.
”The outcome of the months of hard work will manifest soon in the 2016 national budget that will give succour to millions of Nigerians who are reeling from fallout of the solecism of the immediate past Administration that turned the country into a cash bazaar,” the Minister said
He advised the leaders of the PDP and members of the immediate past Administration who are involved in the emerging cases of looting binge to urgently return, to government coffers, the funds they have squirreled out of the commonwealth.
”They are lucky that Nigerians are not as incautious as they are, otherwise they would not be able to walk around freely, not to talk of having the effrontery to fire darts at the government that inherited their rot or the people who are suffering the consequences.
”They looted the billions of Naira that were allocated for the fight against insurgency, causing many innocent and patriotic soldiers to die needlessly, yet they are not remorseful. They looted the treasury to influence the last elections, doling out money as if it was going out of fashion, yet they continue to grandstand.
”In the latest revelation, a Minister under the immediate past dispensation admitted to sharing 600 million Naira to six Chairmen of the Contact and Mobilization Committee of the PDP for the last general elections, 300 million Naira to an account given by a former PDP chairman, 200 million Naira to a PDP governorship candidate and 100 million Naira to a former PDP governor. This is just one case out of many, yet these revelations are but a tip of the iceberg of what Nigerians will hear in the days ahead,” Mr. Mohammed said.
The Minister assured that despite the mind-boggling revelations about looting and the mismanagement by self-styled economic wizards, the economy will bounce back under the watch of President Muhammadu Buhari, who is bringing probity and transparency back into governance. Click to signup for FREE news updates, latest information and hottest gists everyday
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Shame on you Lia Mohamadu as you and your APC leadership keep giving rubbish excuses everyday....
ReplyDeleteIf APC led government is not ashamed it will not bother to reply PDP but sit down to do the right job as promised.
ReplyDeletehmmmm......
ReplyDeleteIt is pitiable how Nigerians comment on issues without intelligent analysis of the very issue on ground. No wonder PDP still has the temerity indeed to blab nonsense when they should bury their heads in ignominy.
ReplyDeleteDid you read the comment or just the headline?
DeleteThere is need for Nigerians to be patient
ReplyDeleteAPC dwells in shame...there's no money and buhari's jet is serviced with 6billion naira..buhari is a fraudster
ReplyDeleteShame on PDP,buch of criminals.
ReplyDeleteAPC the best answer is to fix it before you moan. It means you know it can't be fixed.
ReplyDeleteNigeria needs economic blueprint that will entice and attract direct foreign investment to improve our economy. During 2008 financial crisis, it was Godorn Brown ingenuity that prevented UK from going bankrupt. It was Balkandes policies that kept USA economy afloat. We are awaiting Kemi's economic policy direction.
ReplyDeleteAPC fail to realize that this is now there problem. They should find a way and move Nigeria economy forward without blaming past administration. They said they inherited empty treasure. They have to run the country with what they have at the same time go after the corrupt individuals who mismanaged our common wealth. War against corruption alone will not save Nigeria from total collapse if they ignore the state of our economy.
They won't stop giving excuses until there tenure ends... Super clueless government
ReplyDeleteFeel sorry for Niaja we just moved from frying pan to fire, if APC doesn't change there style there won't be Nigeria in 2019
ReplyDeleteLaugh won kill me oo ova some comments for here.
ReplyDeleteYes as APC would be looking for the solution, let the PDP crooks return that which is remaining in their covers, we now know that because of the BVN and the TSA most PDP big wigs are starching dollars and Naira at home, Don't worry first quarter next year cash colors would be change, and the starch funds would be mere papers thieeevys
ReplyDeleteOur Government should make Education topmost of its priority, so that Nigerians will get in the habit of examining issues in the light of evidence. Lai Mohammed has said nothing wrong. Economic depression or growth does not occur overnight or within as short a period as six months; it spirals upward or downward over time. What we are experiencing today is a result of mismanagement from past administrations, added to the unprecedented fall in our primary source of revenue in the global market, crude oil, which right-thinking governments should have diversified from. Some commentaries, if you ask me, are reminders of the effect of the insensitive administrations in Nigeria who deliberately kept many perpetually benighted for obvious reasons. Your answer is as good as mine.
ReplyDeleteAnonymous 9.58am. I appreciate people like you who are more realistic than others who just write without reading. However, I want to say the blue print yo made mention of can only be a realistic if the resources are there or planned for. This is not the case as currently the oil price our main stay has dipped so much and the ones that were saved have been looted by these thieves under pdp. What are they going to plan with? My stake is that it is easier if we can get these monies from these people and start a new process in this country. Unfortunately, our minds has become so gross with corruption that, these looters even use us the youth to write nonsense of witch hunting against these thieves. Are you hearing the mind boggling revelations?
ReplyDeleteWas APC and Buhari not aware of the decay in the system before they seek for the vote of Nigerians? Why always blowing the trumpet of the corruption that every average Nigerian is aware of? Why not start working now and limit the BLAME GAME? If the economy was better in the heart of the corruption of PDP administration than what it is currently, where is the present worst economic problem coming from? Kindly stop pointing and reminding Nigerians of their passed PDP problems, they are already aware of their problems, proffer the expected solution!
ReplyDeleteWe voted for change my people let us wait and see what d change will do as for Lai Mohammad we should leave him because his new name now is Mr excuses
ReplyDelete