The peoples democratic party PDP which is now the opposition party in Nigeria after APC wrestled power from them in the 2015 elections, has called for the resignation of President Buhari following the new statistics released Wednesday by the National Bureau of Statistics, indicating that Nigeria is currently experiencing economic recession. The party made the call in a statement released today.

Part of the statement reads:

'Nothing better showcases the absolute ineptitude and incompetence of the Muhammadu Buhari administration than the GDP, Inflation and unemployment figures released by the Nigerian Bureau of Statistics today. These figures reveal what we have repeatedly said over the last 15 months , President Buhari 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 President Buhari'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 Buhari administration 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 Buhari's government.

We join all well meaning Nigerians to call on Buhari 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".

more new @ http://www.exlinklodge.com/2016/09/pdp-calls-for-president-buharis.html

PDP into Jokes.

FF

I concur

Seconded


Buhari should be impeached or overthrown for the second time I history , the sufffering in Nigeria now is more than that of PDP 16 years


Over 4 million citizens of Nigeria have lost their Jobs under Buhari's less than 2 years old Governement, according to Nation Bureau of Statistics







The two time In the history of Nigeria, that Nigeria went under recession was under Buhari in 1984 and now 2016




Yet some zombies, Abobaku and Afonjas will come here and find who to blame, for Buhari dragging the Nigeria into recession after 32 years .



Hate it or love it



PDP was far better than APC.....that is the bitter truth ......Quote me anywhere

HungerBAD:
PDP into Jokes.

only comedians like APC joke with the economy and lives of Nigerians. Hunger is bad

I remember when Jonathan was warning everyone that cares to listen post election on the demerits of voting an analog brain,but the educated illiterates from the west thought it was Igbo vs US.

BUHARI TILL 3023












PROUDLY 5%

IPOB



NWAFOR IGBO

All of them are the same.

I just pray we'll all still be alive by 2019. Even some fools here who voted him might be suffering but shame won't allow them admit it.God bless the federal republic of Nigeria and save us from Hunger.

If Buhari is really a man of integrity, he'll just resign on his own cause his surely not living up to any of his campaign promises.

Buhari is a curse to Nigeria


Every recession under Buhari Governemnt in 1984 and 2016 was a hit back to back




Recession ti take over


Somebody shout Sai Baba

O.k.

PDP starting this new month with Stupidity.... they shaaa don't know when 2 quit

This administration needs to do more, no doubt.

However PDP should shut the mess up.

In a sane country, President Jonathan would have been prosecuted and jailed for the unrestrained stealing of the nation's resources.

That crooked dullard daura president will not resign it's God dat will save us..