Press statement from the PDP below...

The Peoples Democratic Party (PDP) wishes to bring to the notice of President Buhari that the apparent absence of an economic team in the third month of his administration is leading the country into economic quagmire and doldrums. In the past, we had given examples of the devastating effect of lack of an economic team and a clear-cut fiscal policy by this administration as evidenced in the lull and painful decline in the stock market, spiral rate of inflation, the disastrous outing of the government team in bilateral talks during the recent visit to the United States of America and the shambolic state of our economy at present.

This confusion has been extended to operations and regulations of the foreign exchange transactions in Nigeria wherein the government is making it impossible for honest Nigerians to engage in free trade and regulate their personal activities as guaranteed by the constitution, and this is clearly an agenda to illegally impose a communist economic regime on Nigerians.

In a desperate attempt to create a semblance of movement out of the clearly motionless and stoic state of affairs of this government, they have reeled out bans and complete clampdown on free trade. One begins to wonder therefore whether we are not heading back to the era of import duty licenses and regulation of commodity prices. The most disturbing aspect of this communist economic agenda is the illegal and unlawful attempt to repeal the provisions of the Foreign Exchange Monitoring And Miscellaneous Provisions Act, otherwise known as Decree No 17 of 1995 and replace it with unilateral imposition of new regulations.

This Act remains the subsisting law regulating the operations of domiciliary accounts in Nigeria and by its provisions therefore, Nigerians are empowered to freely open and operate domiciliary accounts. As such, any enactment and or regulation inconsistent with the provisions of this Act are deemed void. Thus, the recent foreign exchange transaction restrictions by this government are illegal, unlawful and void. Besides the provisions of the law, the PDP declares this administration’s archaic communist economic agenda as unworkable and unsustainable.

Finally, we wish to remind Mr. President that this is 2015 and not 1984; we remind him that trade and import restrictions are archaic and outdated; and we remind him that we are practicing a proper democracy and not the dictatorship of the politburo under a communist regime.

Signed; Chief Olisa Metuh
National Publicity Secretary

http://www.metronaija.com/2015/08/mr-president-you-are-wrong-on.html

cc: lalasticlala ishilove

Wailers again
Is this how PDP plans to play opposition?
Opposition is a good thing for a sitting govt to do the needful but Olisa Metuh has taken this to a level of senselessness. Everything, anything, even nothing is being criticized.
Not too good a style of opposition politics

Wailers should go jump into d lagoon!!!

opposition party realities.

Abugab:
Wailers again
Is this how PDP plans to play opposition?
Opposition is a good thing for a sitting govt to do the needful but Olisa Metuh has taken this to a level of senselessness. Everything, anything, even nothing is being criticized.
Not too good a style of opposition politics

Did you just write "wailers" to garner likes or you are too daft to know that a country without an economic team is as good as dead.

Okay

Nigeria on auto pilot mode since May 29 2015...

Criticism is good for Development

Abugab:
Wailers again
Is this how PDP plans to play opposition?
Opposition is a good thing for a sitting govt to do the needful but Olisa Metuh has taken this to a level of senselessness. Everything, anything, even nothing is being criticized.
Not too good a style of opposition politics

A wailing wailer is far better than a desperate lying liars..

Djicemob:
Did you just write "wailers" to garner likes or you are too daft to know to that a country without an economic team is as good as dead.

Maybe you stay in Mars.
The economic teams we have had in the past that were hastily constituted just because we want to have a team, where did it lead us?
The change Nigerians voted for wasn't going to come in a hurry by sticking to the status quo. The paradigm shift has to come with good knowledge of the rot in the system so that the right people and processes will be adopted and this will come with some sacrifices like we are currently experiencing. Do you expect this govt which is new in governance to just continue doing things the old way without understanding the true state of the economy? If PMB constitutes an economic team hastily what brief will he give them when he doesn't have the clear facts and figures of the true state of the economy? These were the mistakes of past leaders and as such were always given wrong information because they knew next to nothing in those areas they appointed people.
Your use if the word daft is unacceptable. Every commentator on this forum is not a baby and thus you have to retract that word.

freshness2020:

A wailing wailer is far better than a desperate lying liars..

Mmmmm

Abugab:


Maybe you stay in Mars.
The economic teams we have had in the past that were hastily constituted just because we want to have a team, where did it lead us?
The change Nigerians voted for wasn't going to come in a hurry but sticking to the status quo. The paradigm shift has to come will good knowledge of the rot so that the right people and processes will be adopted and this will come with some sacrifices like we currently experience. Do you expect this govt which is new in governance to just continue doing things the old way without understanding the true state of the economy? If PMB constitutes an economic team hastily what brief will he give them when he doesn't have clear facts and figures? These were the mistakes of past leaders and as such were always given wrong information because they knew next to nothing in those areas they appointed people.
Your use if the word daft is unacceptable. Every commentator on this forum is not a baby and thus you have to retract that word.

Am still Waiting for Buhari to appoint saints as ministers

Djicemob:
Am still Waiting for Buhari to elect saints as ministers

Lol..like, St Tinubu, Amaechi, et al.. .. You are funny dude!

freshness2020:

Lol..like, St Tinubu, Amaechi, et al.. .. You are funny dude!

...St Atiku

But Metuh is well under Pa Buhari on the Wailing food chain nah!

Hmmmmmm I just hope Buhari knws what he is doing,if not ..... I reserved my comment.

The Naira is expected to crash by December....... I laff in Otuoke.

cc: lalasticlala ishilove

Can everyone please SHUT THE FU*K UP and give this man some time to work.....like it or not we have handed the affairs of our country into his hands at least for the next for years....i simply advice that we stay calm and see how and where he pilots us...ifwe are not satisfied by his performance come 2019 we simply BOOT him OUT....just stop disturbing our ears with the whole 30 days this 60 days that....wetin sef!

cc: lalasticlala ishilove

Djicemob:
Am still Waiting for Buhari to appoint saints as ministers

Brother, let's not get worked up.
I am sure we all want the best for the country.
Just because we have been so unfortunate to have good guys in government doesn't mean there are no good ones.
We are no saints but I know but we can work towards making governance a serious business where it is no longer business as usual.
I am particularly pained because PDP squandered our opportunity to be a great nation starting from OBJ who felt ruling Nigeria was about satisfying people who brought him to power, this was the beginning of the rot.
You will not wait for too long as the people to fill positions (ministers, ambassadors, Board chairmen amongst others) will be people of proven credibility.
Enjoy your day