The Peoples Democratic Party,
PDP, on Sunday challenged President Muhammadu Buhari to speak out on the
“declaration by Finance Minister, Mrs. Zainab Ahmed, that the policies of his
administration were hurting the nation and destroying investor- confidence in
our economy.”
The party said the declaration by
the minister was a vindication of its stand that the Buhari administration was
“responsible for the nation’s economic woes and expressed dismay that President
Buhari has kept mum on the issue since the minister made her declaration last
week.”
A statement by PDP’s
spokesperson, Kola Ologbondiyan said, “Though the minister particularly alluded
to the administration of the colossal fines imposed on MTN Nigeria and four
banks, available data showed that the All Progressives Congress (APC)-led government
has been subjecting businesses to very harsh and punitive policies, leading to
the dearth of both domestic and foreign direct investments and its attendant
economic hardship on the citizenry.
“We had always alerted the nation
of the negative impact of the harsh economic policies, high-handedness and
vindictiveness of the Buhari administration on investors. This is in addition
to heavy and multiple taxations, import and foreign currency restrictions,
clampdown on free trade, corruption and avoidable flops, which have continued
to scare investors away from our country.
“Today, investors in key sectors
are pulling out their interests, foreign revenue is dwindling by the day and
our economy has continued to dip under President Buhari, with no hope in sight.
“Only last month, the same
Minister of Finance alerted that the nation was facing revenue challenges; a
development that stems directly from the harsh policies of the Buhari
administration, coupled with its incompetence and lack of creative ability to
engage in the global market and run a productive economy.
“We invite Nigerians to hold
President Buhari responsible for the economic disaster and the hardship that
our nation has faced in the last three and half years.
“Our party restates that if President
Buhari had heed wise counsel to accept his incompetence and hands off economic
issues, end corruption in his Presidency and allow better hands to manage the
economy, our nation would not be in the quagmire we are in today.
“We, however, urge Nigerians not
to despair as it has succeeded in throwing up a very credible, visionary and
result-oriented Presidential candidate in Atiku Abubakar, in line with the
determination to open a new era of economic prosperity and national cohesion
under the PDP, come May 29, 2019.”
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