PDP Nigeria @PdpNigeria Press Release
Nothing better showcases the absolute ineptitude & incompetence of the @MBuhari admin than the GDP, Inflation & Unemployment figures released by @nigerianstat today.
These figures reveal what we have repeatedly said over the last 15 months that NGRPresident is destroying the Nigerian economy.
For the avoidance of doubt, some of these figures include:
- GDP contracted by -2.06% in Q2 2016. In contrast, the economy grew by 2.35% in Q2 2015. This was worse than -0.36% in Q1 2016.
- Headline Inflation for July 2016 stands at 17.1%. It was 16.5% in June 2016.
- Food inflation was 15.58% for July 2016 from 15.3% in June 2016..
- Portfolio investment declined to $245.3m in Q2 2016. This is a 9.5% from $271.0m in Q1 2016 & is a far cry from $2.81bn in Q2 2015
- FDI declined from $211.1m in Q2 2015 and $174.4m in Q1 2016 to an estimated $133.0m in Q2 2016.
- Total value of capital imported in Q2 2016 is estimated at mere $647.1m. This is the lowest quarterly figure since Nigeria started keeping records of capital importation. It is a decline from $710.9 m in Q1 2016 & a far cry from $2.67bn in Q2 2015.
- A total of 4,580,602 people have lost their jobs since May 29, 2015
- The number of persons in full time employment decreased by 351,350 in Q2 2016 compared to Q1 2016.
The result of these indices is that Nigeria is in its worst economic state for 29 years – dating back to 1987 when the nation had to take harsh steps to recover from @MBuhari’s policies of 1984-85.
As with 1984-85, companies are fleeing our shores in droves. Manufacturers Association of Nigeria (MAN) recently stated that more than 272 companies have shut down in the past 1 year.
Furthermore, like we suffered in 1984-85, we are suffering a brain drain where our best & brightest talents are leaving the country in search of a better life elsewhere.
It is disheartening that the @MBuhari admin is destroying the Nigerian economy & our collective future by the implementation of his archaic & incoherent economic policies which failed in 1984-85 & are failing spectacularly now.
Our dismay is made worse by the fact that every sphere of the Nigerian socio-political space (ranging from the conduct of elections human rights, respect for the rule of law, security, technology, health etc) is negatively affected by @MBuhari’s government.
We join all well meaning Nigerians to call on @MBuhari to resign if he is unable to reverse the economic decline he has brought on us.
May God bless Nigeria, especially in these very difficult times.

See who is talking,PDP...abeg let's have some fresh air jare.

naijafella:
See who is talking,PDP...abeg let's have some fresh air jare.

I know pdp is no saint but re they not saying the truth?
As bad as PDP were during their reign our lives were nt this bad.

naijafella:
See who is talking,PDP...abeg let's have some fresh air jare.

Did Nigeria experience recession under pdp in 16 years?

tho am an ardent supporter of Pmb but I must say he has failed us woefully in terms of the economy...... perhaps we need the woman who managed the economy exceptionally well even when corruption was at its best.......... #NOE_save_naija

Buhari the dull dog

This economy thing is so basic that even an 8 year old can understand. Nigeria has nothing else apart from oil, nothing! Successful diversification of the economy wouldn't take anything less than 5 years. How do you compare the economy when oil was selling at 140 dollars with 2.2mbd production to when selling at 40 dollars at 1.2 mbd? How do you compare? Even primary school pupils would understand this.

Jengem:
Buhari the dull dog

if you are a man, then take the dog, write buhari on its body And stroll out with it. Do that and prove how tough you are, not hiding behind 10mb.

olaboy33:
tho am an ardent supporter of Pmb but I must say he has failed us woefully in terms of the economy...... perhaps we need the woman who managed the economy exceptionally well even when corruption was at its best.......... #NOE_save_naija

nothing to do with corruption. Make little use of the brain in your skull. The woman managed the economy when oil was at 140 dollars per barrel and production of 2.2mbd. There was a lot to steal and manage.

ddippset:
if you are a man, then take the dog, write buhari on its body And stroll out with it. Do that and prove how tough you are, not hiding behind 10mb.

U r one of the doggys cows or zombies

No offense intendee but many Nigerians believe it is an offense to dogs species to name them after the dullard of Daura

naijafella:
See who is talking,PDP...abeg let's have some fresh air jare.

. So you prefer they keep quiet and allow things to degenerate further? Please forget politics now and face reality.

Just within 16 months of APC govt a lot of Nigerians can't even boast of a guaranteed Buhari’s mixture ( TEA WITHOUT MILK PLUS A SMALL LOAF OF BREAD) or
Buhari (GARRI) + Osibanjo (GROUNDNUT) - Saraki (SUGAR) twice a day.

If the downward trend is not arrested soon i pray by the time this govt is through Nigerians won't be begging to have only Buhari for breakfast, lunch and dinner and that's if it's still within the reach of the masses.

Pls which of the PDP is this, Markarfi or Module Sherrif

Bubuhari n apc including zombies are a curse witin 2yrs they destroyed nigeria yeye govt

ddippset:
This economy thing is so basic that even an 8 year old can understand. Nigeria has nothing else apart from oil, nothing! Successful diversification of the economy wouldn't take anything less than 5 years. How do you compare the economy when oil was selling at 140 dollars with 2.2mbd production to when selling at 40 dollars at 1.2 mbd? How do you compare? Even primary school pupils would understand this.

U are older than 8yrs but, sadly doesn't understand it! It is not oil or corruption that brought us to recession it is buhari's poor or absence of leadership at critical times. That makes boil to become cancer!