The Peoples Democratic Party has said the governance style of the All Progressives Congress has not helped the country.
The party was referring to the claim by the National Chairman of the APC, Chief John Odigie-Oyegun that N33tn of oil revenue was not accounted for throughout the five years of former President Goodluck Jonathan’s Administration.
Spokesperson for the PDP, Prince Dayo Adeyeye, stated this in a statement on Saturday in Abuja.
Adeyeye said that the claim by the APC chairman has once again “portrayed the ruling party as being dangerously obsessed with the frivolity of bamboozling Nigerians with high-sounding figures only for entertainment purposes.”
“Unfortunately, such avoidable mischief especially on issues bordering on the nation’s economy, has continued to hunt the image of our Nation at a time we are in desperate need of investment from the international community,” Adeyeye added. Click to signup for FREE news updates, latest information and hottest gists everyday
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PDP there is no loophole to cheat.
ReplyDeleteTrue talk. Nigerians are dying of kworshiokor hardship and hopelessness and they are just speaking grammar and calling Jonathan and PDP. If the task is too big for them let them hand over to PDP or call for a fresh general poll. Clueless incompetent and selfish people and party.
ReplyDeleteDo you know that:
ReplyDelete😀Obasanjo's administration earned #17trn from crude oil sales within eight years and left behind 45bn dollars external reserves and 3.348bn dollars external debt.
😀Yaradua grew the reserves to 64bn dollars within just one year and the administration was able to finance 15 months of imports despite the 2008/2009 world economic meltdown. Hence, Nigeria survived the melt down because of the political will by the administration to save(a great achievement by Yaradua which most Nigerians are not aware of). Despite the tough economic reality at that time, Yaradua left 47.7bn dollars in reserves and an external debt of 3.94bn dollars. Meanwhile, the administration earned only #9trn from crude oil sales within that short period.
😀Now, Jonathan administration witnessed an oil boom when Brent crude sold for over 100 dollars/barrel, with the regime earning #51trn within a period of 5years. But because of corruption, the administration did not only squander the oil revenue but even depleted the reserves left by Yaradua, leaving just 32bn dollars and a huge external debt of 63bn dollars for Buhari. The same Brent crude sold for as low as 35 dollars/barrel at a point shortly after Buhari took over power and had only managed to climb to about 48 dollars just recently.
😀These are facts that can be verified. So, it's amazing hearing people criticize Buhari for the hunger in the land.
😀According to Fashola, Buhari's administration inherited 206 uncompleted road projects and contract arrears worth #2.1trn from Jonathan; and for about 2 to 3 years the contractors where not paid. This slowed down the economic activities, with most of the companies laying off their staff. This was when the seed of recession was sowed.
👆It's obvious that Buhari came in to rescue Nigeria, because if Jonathan had continued in power, the nation's economic crisis would have been worse, perhaps even the Federal government wouldn't have been able to pay salaries of civil servants by now.
😀According to Okonjo Iweala, Nigeria started borrowing money to pay salaries since October, 2014; but today Nigeria now borrow money for investment in capital projects.
😀Those who blame Buhari for the current hardship do so either out of mischief (hatred) or ignorance. So, we shouldn't join the bandwagon in criticising him. He may not have done much to save the situation, considering that he is not a perfect human being but he means well for the country and can only succeed with our prayers.
😀May Allah continue to guide Baba Buhari.
😀Why not share this piece with others for the sake of enlightenment.
Share ur rubbish ur self
DeleteAnonymous 3.21PM is spot on and mischief makers will not read and ponder over your write up but would rather condemn it.
ReplyDelete