The All Progressives Congress (APC) has said that the
Peoples Democratic Party (PDP) has no right to criticize President
Muhammadu Buhari over the state of the economy.
The APC also urged the PDP to apologize to Nigerians for mismanaging the country for 16 years before Buhari took over.
The ruling party’s comments were contained in a statement released by National Secretary, Mai Mala Buni.
“For the umpteenth time, the PDP lacks the moral basis and
credibility to comment or condemn the government on the economy after
the mess it left behind. Instead, the PDP must apologise to Nigerians.
The warning signs were glaring to the immediate-past administration but
it chose the path of economic sabotage by looking the other way and
squandering the country’s commonwealth, a reckless decision that has
brought the country to its knees.”
“Nigerians will recall that even the immediate-past finance
minister and coordinating minister of the economy, confessed that the
zero political will to save under the immediate-past administration is
responsible for the challenges facing the country. Happily, the
President Muhammadu Buhari administration has embarked on well- thought
economic agenda, policy actions, appropriate fiscal, governance, and
socio-political reforms to revamp the economy and tackle the nation’s
current challenges in the short to long term.
“Under the new flexible foreign exchange policy introduced by the
Central Bank of Nigeria (CBN) in June 2016, we now have a single
market-determined exchange rate which enables suppliers of foreign
currencies to bring in their money and take the same out at
market-determined rates.
“The new foreign exchange policy being implemented will ensure our
economy recovers in the medium to long term. As contained in the
assented 2016 National Budget, the administration of President Muhammadu
Buhari is aggressively formulating and implementing policies aimed at
diversifying Nigeria’s economy from oil to other sectors such as
agriculture, mining and manufacturing.
“The administration is also proactively tackling increased attacks
on oil facilities in the Niger Delta region which has led to disruptions
in crude production. The President’s shuttle diplomacy has yielded
positive effects on the country’s economic policies.
“As a result, several agreements concluded during the visits are
positively impacting on key sectors of the Nigerian economy including
power, solid minerals, agriculture, housing and rail transportation. The
fight against corruption remains a top priority for the President
Buhari APC-led administration.
“In spite of desperate attempts by some partisans to discredit
anti-corruption efforts in some quarters, the war against corruption is
being won and has been well-received and supported. The generality of
Nigerians agree that the days of impunity are over. Through the full
implementation of the Treasury Single Account (TSA) by the President
Muhammadu Buhari APC-led administration, revenue leakages have been
greatly plugged.”
The APC had earlier accused the PDP of bringing the Nigerian economy to its knees.
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