Nigeria’s main opposition, the Peoples Democratic Party (PDP) has berated President Muhammadu Buhari’s independence anniversary speech in what the party declared yesterday as a catalogue of false claims and promises
According to a statement by its National Publicity Secretary, Kola Ologbondiyan, the PDP said that “while the president was fictitiously asserting that our economy had made progress under him and that there is enabling environment for local and foreign investments, hard economic reality shows that not only has the nation become more economically disadvantaged under him, it now ranks as one of the world’s poorest.
“Perhaps Mr. President needs to be reminded that his new Minister of Finance Zainab Ahmed had last month alerted that the nation was facing serious revenue challenges under him, while the Central Bank of Nigeria (CBN) expressed fears that our country is sliding further into recession due to his poor implementation of 2018 budget.”
The leading opposition party said that Buhari deliberately failed to mention that his administration has returned the country to a debtor nation by accumulating over N22.4 trillion debt through which he has mortgaged the future of the nation.
It said that the president also failed to respond to the fact that his harsh economic policies and “demarketing tendencies,” have caused a dearth in local and foreign direct investment, leading to over 30 million job losses as detailed by independent surveys including those by the National Bureau of Statistics (NBS).
The PDP observed that the president failed to state “that due to his incompetence, the naira has fallen from the N165/1USD he met in 2015 to N360 to 1USD. He had no words for the increase in the price of fuel from N87 in 2015 to N145 as well as the hike in the prices of staple foods and essential commodities in Nigeria under his misrule.”
“Furthermore, President Buhari claimed that under his administration, corruption, including brazen theft of billions of naira and shady oil deals have become a thing of the past. Perhaps, Mr. President forgot that the latest corruption perception index released by Transparency International (TI), which saw our nation moving 12 places down the red line, shows that corruption has increased under him,” PDP said.