The Peoples Democratic Party, PDP, has described as alarming, the “damage” so far done on the nation’s economy by the President Muhammadu Buhari-led All Progressives Congress, APC, since it took office at the center, three months ago.
The party said the “shambolic” state of the nation’s economy within the period is a direct fallout of uncertainty created by the inability of the Buhari-led government to chart a clear-cut economic policy, worsened by abuse of regulations, and flagrant violation of constitutional provisions.
PDP National Publicity Secretary, Olisa Metuh, in a statement on Saturday said instead of gains, official reports show that the last three months under the APC-led government have brought a sudden decline in the nation’s Gross Domestic Product (GDP), with attendant losses and hardship to the citizens, while the government embarks on propaganda of imaginary achievements, in addition to attempts to foist harsh economic regime to cover its ineptitude.
“If not for crass incompetence or a possible ulterior motive to subjugate Nigerians for selfish reasons, what else explains the adamant stance of this administration in running a government without the statutory components of a full cabinet and precise fiscal policy direction, even when the negative consequences of this strange totalitarian approach are taking serious toll on the economy and the polity in general?
“Whereas the APC led government is busy with its propaganda of imaginary achievements, official reports from the National Bureau of Statistics show that that the economy is being grounded with Nigeria’s real Gross Domestic Product (GDP) plunging with about 2.35%, while job creation has dropped by 69 percent,” the party said.
“In the last three months under an inept and poorly coordinated APC-led government, our nation’s economy, which before now, held the record as the largest in Africa and one of the fastest growing in the world, suddenly plummeted as officially evidenced in the lull in the capital and money market sectors which have lost billions of naira; spiral rate of inflation, and stagnation in domestic and foreign direct investments, with investors scared away due to the uncertainty arising from lack of economic direction and apparent confusion in the polity.
“This is in addition to the halt in infrastructure development projects in most parts of the country with associated massive job loss, closure of auxiliary small scale businesses, low purchasing power of citizens, among other negatives that have bedeviled the economy since the coming of this government, despite the much APC celebrated promissory notes from the President’s diplomatic shuttles, especially his recent visit to the United States.
“Nigerians would recall that we recently raised alarm on the negative consequences of the recent foreign exchange transaction restrictions, wherein this government is making it impossible for honest Nigerians to engage in free trade and regulate their personal activities as guaranteed by the constitution.
“We also warned about the consequences of foisting a communist economic regime with bans and clampdowns on free trade and the freedom of Nigerians to freely open and operate domiciliary accounts as provided by the Foreign Exchange Monitoring And Miscellaneous Provisions Act, otherwise known as Decree No. 17 of 1995 and wondered whether the nation was not heading back to the era of import duty licenses and regulation of commodity prices.
“Only recently, Fitch Rating, which, under the previous administration, affirmed Nigeria’s long-term foreign and local currency IDRs as well as senior unsecured bond and Short-term foreign currency IDR ratings respectively at ‘BB”s, had now alerted that Nigerian banks and other businesses in the sector would be adversely affected by the economic slowdown occasioned by the incompetence of the President Buhari-led APC government.
“This is more so as the absence of ministers have left the coordination of important government policies in ministries, departments and agencies in tatters, while creating loopholes for overzealous persons claiming closeness to the President to invade the system for inflated concessions, allocations, jobs and other financial sleazes, including misleading the President for approvals outside his limits.
“We invite Nigerians to note that whereas the Presidency has gone ahead to unilaterally deplete the funds inherited in the Excess Crude Account (ECA) and other government savings, as well as reports of engaging in discussions with the World Bank for loans without recourse to appropriate statutory arms of government, no corresponding improvement has been witnessed in the economy. Indeed, we are worried that the damage already done in the last 90 days may linger with us for years to come.
“Nigerians are no longer in doubt that they have been scammed with long list of empty promises which the APC government has no intentions or capacity to fulfill.PREMIUMTIMES

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Just about 100 days and Buhari is already a huge disappointment 

Despite having over 2 months to plan the man is making mistakes left right and centre violating the constitution at will and interpreting the Law as it suit him. 

For a Man who ran under the platform of the APC to claim that a campaign promise was APC's and not his shows how low Nigeria will get under him.

While those who believe this man is still going to doll out 5k monthly to them continue to WAIT , we will continue to let Nigerians Know the truth despite attempts by agents of darkness to stifle free speech!

100days and nobody has been jailed by the jailer yet 20 billion dollars was stolen by jonathan....this Govt is a failure
100days and Mr integrity refused to declare his asset.
100 days, Boko haram averaged 15 killings per day
100days and they are yet to build more prisons
100days they are yet to impeach fayose and AIT is still broadcasting....
This CHANGE is a failure

This sermon is a gospel.



Look at it from every side, read it from every position, it echoes the incontrovertible truth.


This article should be included in all religious and political books as addendum. #APCfailed100daysinoffice

Things will get better by 2016,


Bubu, I de your side, But APC is a party of liars

Olisa Metuh,do you expect APC to clean up the mess Jonathan and PDP caused in just three months?

President Muhammadu Buhari's achievements in three months have already superseded Jonathan's wasted 6years in office.

God bless my dear President!

[s]

Beremx:
Olisa Metuh,do you expect APC to clean up the mess Jonathan and PDP caused in just three months?

President Muhammadu Buhari's achievements in three months have already superseded Jonathan's wasted 6years in office.

God bless my dear President!

[/s] wow!! u can lie ooo..

helpee:
100days and nobody has been jailed by the jailer yet 20 billion dollars was stolen by jonathan....this Govt is a failure

Don't be too in haste,

The president of aweranistan will always move lik a tortoise no matter wat

Hmmmm no wonder PDP puts its secretariate in Oyo State for sale. Wadata House, Abuja is dilapidating. Its new secretariate in Abuja has been abandoned due to lack of fund. What kind of change is APC preaching?

Kerosene now sells for N50 in my area in PH.

That is what the common man wants not those stats from NBS.

But sometimes I wonder whether APC followers have been jinxed. They will still come here and look for ways to defend the man

Or better still blame it on past administrations. That's their escape route...

Government of excuses, propaganda and photography

If this statement was made by a commoner or a technocrat I would have concur, but from PDP, can the devil speak the truth?

I am not proud of my memory ... Duara Cattle

PDP and her supporters are the most idiotic set of dolts I've ever seen my entire life. They sound as though they handed an Eldorado to Buhari.

1. In what shape was the country/ economy when the undertaker gown wearing scumball took it over??

2. In what shape did he leave it?

3. How long did he take to wreck the country??

These are the questions those brainless tasmanian devils should be asking themselves but they would rather cast mud at a man who seems to be sparing no effort in his struggle to fix the rot occasioned by them.

How could the Nigerian economy be worse when they handed over a TOTALY devastated economy to Buhari?
1. The entire nation was under an electricity blackout.

2. Businesses were laying off workers.

3. Prices of commodities were spiking.

4. Airlines were being grounded.

5. Banks were closing up, and some offering skeletal services.

6. People couldn't get fuel at gas stations and where available it sold for nothing less than N250 per litre.

7. The naira had lost nearly 100% of its value!

Now across the nation, the situation is the exact opposite and these lying beasts want to shove their lies down the throats of Nigerians.

Only ignorant fools fall for all these trashy tirade.

omenka:
PDP and her supporters are the most idiotic set of dolts I've ever seen my entire life. They sound as though they handed an Eldorado to Buhari.

1. In what shape was the country/ economy when the undertaker gown wearing scumball take it over??

2. In what shape did he leave it?

3. How long did he take to wreck the country??

These are the questions those brainless tasmanian devils should be asking themselves but they would rather cast mud at a man who seems to be sparing no effort in his struggle to fix the rot occasioned by them.

How could the Nigerian economy be worse when they handed over a TOTALY devastated economy to Buhari?
1. The entire nation was under an electricity blackout.

2. Businesses were laying off workers.

3. Prices of commodities were spiking.

4. Airlines were being grounded.

5. Banks were closing up, and some offering skeletal services.

6. People couldn't get fuel at gas stations and where available it sold for nothing less than N250 per litre.

7. The naira had lost nearly 100% of its value!

Now across the nation, the situation is the exact opposite and these lying beasts want to shove their lies down the throats of Nigerians.

Only ignorant fools fall for all these trashy tirade.

Someone will soon report you for making too much sense.

Beremx:
Olisa Metuh,do you expect APC to clean up the mess Jonathan and PDP caused in just three months?

President Muhammadu Buhari's achievements in three months have already superseded Jonathan's wasted 6years in office.

God bless my dear President!

if Buari's 3 months achievements truely surpassed Gej six years, why are u complaining?

omenka:
PDP and her supporters are the most idiotic set of dolts I've ever seen my entire life. They sound as though they handed an Eldorado to Buhari.

1. In what shape was the country/ economy when the undertaker gown wearing scumball took it over??

2. In what shape did he leave it?

3. How long did he take to wreck the country??

These are the questions those brainless tasmanian devils should be asking themselves but they would rather cast mud at a man who seems to be sparing no effort in his struggle to fix the rot occasioned by them.

How could the Nigerian economy be worse when they handed over a TOTALY devastated economy to Buhari?
1. The entire nation was under an electricity blackout.

2. Businesses were laying off workers.

3. Prices of commodities were spiking.

4. Airlines were being grounded.

5. Banks were closing up, and some offering skeletal services.

6. People couldn't get fuel at gas stations and where available it sold for nothing less than N250 per litre.

7. The naira had lost nearly 100% of its value!

Now across the nation, the situation is the exact opposite and these lying beasts want to shove their lies down the throats of Nigerians.

Only ignorant fools fall for all these trashy tirade.

Dont worry. By the time buari shake body tire, all zoogerian problems go disapear.