All Progressives Congress (APC)National Chairman Chief John Odigie-Oyegun has urged Nigerians to pray never to have a government like the one led by the Peoples Democratic Party (PDP).The PDP, he said, did everything possible to destroy the nation’s economy for 16 years.

Oyegun said contrary to belief by a cross-section of Nigerians that the party underestimated the nation’s economic crisis when it came into power, it actually knew what was ahead of it.

Oyegun, who spoke with reporters in Abuja,He said Nigerians should commend the APC-led Federal Government for doing everything humanly possible to sustain the economy and save it from total collapse.

He noted that it wasnot true that APC underestimated the severity of the economic situation facing the country before it came to power in 2015.



He said contrary to the impressions in many quarters that the party lacked a comprehensive economic blueprint or vibrant and competent economic managers, the APC-led government has done well to sustain the economy from complete collapse.

He, however, said only those gifted with the power of prophesy would have known the actual situation of the economy, saying the PDP government should bury their heads in shame for battering the economy.

He said: “No, we didn’t under rate it neither did you nor anyone else, unless those with the gift of prophesy. None could have known what was coming; if I ask you to describe the situation in 2015, I am sure you won’t have added that the crude oil market was going to collapse. Did you foresee that?

“We knew we were going to take over a battered economy, but we were glad that oil was still coming at 2.5 million barrels a day, we were glad that prices were still hovering around a $100/b occasionally.

“During the years of PDP, it was going between $100 to $120 a barrel and we took over a totally ravaged economy and we were prepared for that because we also thought since we didn’t have the gift of prophesy that Nigeria will continue to be blessed with oil resources, 2.5 million barrels sometime three million at $80 a barrel, sometimes 100 dollars a barrel, we were ready to get the nation moving quickly.”

Oyegun said: “When we took over, as if that wasn’t enough with a battered economy, the very next week or two, crude market collapsed at a stage that the price of production of a barrel and the price we were getting from the world market was almost the same; about thirty something dollars a barrel…



“I am a trained economist, I am a development economist. You should look at the reality; forget the hunger, there is hunger in the land but you should wonder why this country didn’t collapse with virtually no income, no foreign exchange; nothing.

“And we are still here today, that is the reality and it has nothing to do with incompetence. We had no revenues, we had no foreign exchange, and we were an economy that exists to function. I know the pain we went through to allow the price of petrol to go up.”

“For a long time when we came, if you could remember the news was still on and off, but there was no other solution than to let go, you can’t continue that regime of subsidy which was one of the things that almost bankrupted this nation.

“We had to bring in the Treasury Single Account, had to make sure every kobo was accounted for, had to go abroad and the press started telling everyone that he lives in an aircraft from one capital to another to draw up resources to keep the nation afloat.

“Then came the recession and in a situation like that was inevitable, we had to spend to get out of recession; we had no savings. Honestly, if you people want to do this country a favour, you should tell anybody who was a main person in PDP that they ought to hang their heads in shame and you should pray that we never have a government again like what the PDP did to this country.

“The signs were there, they fought over oil blocks endlessly. Nobody ever thought that this resource is one that will finish one day, nobody ever thought giving those 16 years of PDP rule that every day they were talking of renewable energy resources they were planning no longer to be dependent on this war-ravaged areas for their own industrial fuelling.”

He added: “Our government for 16 years just kept importing petrol, export crude, sending away ship load of crude that was not accounted for, individual appropriating the money that belonged to me and you; to the nation. So please be a little bit softer, kinder and look at the details of how we got to where we are today.

“I am not going to abuse PDP or anybody, but this is the reality, this is the truth of how this country is where it is today and we are labouring, the president is labouring now to diversity the country. It is a foundation that totally cracked and collapsed.”

Lalasticlala

Culled from: The Nation Newspaper

Thunder fire your left ball there.

Wait make 2019 reach

The question to ask this daft man is Apc doing any better than their predecessors?

Biafrareform:
Thunder fire your left ball there.

Wait make 2019 reach

He's a prominent beneficiary of the current looting going on in this current government, so you shouldn't expect anything patriotic from him

He's only speaking for his insatiable stomach and his bottomless pockets

No igbos should comment on any Yoruba thread because their bastard kanu don destroy their brains

IhatesIGBOS:
No igbos should comment on any Yoruba thread because their bastard kanu don destroy their brains

another tribalic bigot spotted.

I need to meet d baba wey Jazz these people!
Him juju strong wella

[/b]Oyegun said contrary to belief by a cross-section of Nigerians that the party underestimated the nation’s economic crisis when it came into power, it actually knew what was ahead of it.[b] This man is a pathological APC liar as usual.He thinks the present government have better our lot as a nation? He must be having grandeur delusion Meanwhile this is the same hypocrite talking. , [b][/b]"APC Never Knew Things Were This Bad-john Odigie Oyegun
The National Chairman of the ruling All Progressives Congress, Chief John Odigie-Oyegun, has said the party did notaigning that the economy of Nigeria was this bad.

The APC chief said it was God who provided the APC-led government “at this critical time” and a president of Buhari’s stature.

Odigie-Oyegun said this at a reception held in his honour by the management and staff of the party’s national secretariat in Abuja to mark his 77th birthday on Friday.

He said, “It has been tough times for the nation. When we were campaigning – it is necessary to continue to hammer on this point – we were not in government; we knew things were very bad but we did not know they were as bad as we eventually found them. And the revelations that come out everyday continue to buttress that fact.

“Secondly, and that is very important: nobody ever expected the prices of crude to collapse in the way they have done. One can only repeat what Mr. President (Muhammadu Buhari) said a few days ago and that is, from being a nation that could have an Excess Crude Account, today, because of the collapse of the prices of crude, a lot of the states in this country do not even have enough resources to meet their very basic functions and responsibilities to their citizens.”

Odigie-Oyegun further said with Buhari’s efforts and plans, this would be the last economic crisis the country would face.

He said the President was laying “a solid foundation” for the country such that all the mineral resources would be harnessed and the Nigeria of tomorrow would be one that produces.

“We are going through hard times, temporarily, but it is quite clear that the silver lining is there in the cloud because the President and your party are determined that this nation will no longer – ever – be again a mono-culture economy,” he added"[b][/b]


http://punchng.com/apc-didnt-know-things-bad-odigie-oyegun.

So we should pray to keep having APC government? Does these guys use their senses?

What is he saying, changing my umbrella for a broom does that make any difference 90% of your apc member are the same people who were in pdp rule for 16years check states controlled by APC majority are former pdp member and this same people are major stake holders in APC, old wine in a new bottle, I see no changes in tupac's voice.

when ewedu man u go knw....whts d diff btw pdp n apc

when an ewedu man talk u go knw....whts d diff btw pdp n apc

APC has destroyed Nigeria under two years. Look at how Suicide which read about from other countries is now a norm in Nigeria because APC is in Power

Even hell fire will reject an APC government.