FG’s Reply To Ekweremadu – ‘The Economy Would Not Have Survived Another Month Under PDP’


Following the warning dished out by Deputy Senate President Ike Ekweremadu to the Buhari led-administration, saying that unless the downward slide of the Nigerian economy is stopped, the country may witness a revolution by citizens, the Federal government has lashed out at him calling his warning outrageous.

In response to Senator Ekweremadu who expressed dismay at the way the country’s economy is being handled by the opposition party at the opening of the Peoples Democratic Party’s (PDP) South East Zonal Executive Council meeting, Federal Government stated that the poor state of the country’s economy, particularly the depreciation in the Naira exchange rate, is the direct aftermath of the improper mismanagement of the economy and the severe looting of the national treasury under the immediate past Administration, and not any form of mismanagement by the Buhari Administration.

Lai Mohammed the Minister of Information and Culture in a statement on Sunday said:

If there was still any honour left among thieves, there is no way the leaders of a party under whose watch the
nation’s economy suffered a monumental mismanagement and the Central Bank was turned to the ATM or piggy bank of a few people will have the temerity to insult a government that is working hard to turn things around or the citizens who are bearing the brunt of such mismanagement,

It is now clear to all Nigerians that if the PDP had won the last general elections, Nigeria’s economy would not have survived one more month, considering the battering it received under the immediate past Administration. It is therefore unconscionable that those who should show contrition and hunker down to avoid public opprobrium are the same ones pointing an accusing finger at the Buhari Administration.

Mr. Mohammed described Ike Ekweremadu’s comment about businesses collapsing in the next six months because the Buhari Administration has mismanaged the economy, as another obvious indication that the PDP and its leaders are not ready admit the big injury they inflicted on the Nigerian economy.

Senator Ekweremadu complained about the depreciation of the Naira without telling Nigerians who ‘dollarized’ the Nigerian economy by bribing many individuals and groups with dollars during the last elections, thus inflicting a knock-out punch on the local currency. He also failed to tell Nigerians which government presided over the frenzied mop-up of dollars, either for ‘armsgate’ or for slush fund purposes, from the CBN to a point where it almost ran out of the hard currency

The Minister while urging the immediate past leaders of the PDP who are involved in the emerging cases of looting binge to urgently return, to government treasury, the funds they have stolen, stated further that Buhari Administration met an already dying economy, but had decline to use that as an excuse for inaction. Thus has been working hard on ways to revive the economy and relief millions of Nigerians out of poverty through a huge social intervention policy.  Mr. Mohammed said:

The outcome of the months of hard work will manifest soon in the 2016 national budget that will give succour to millions of Nigerians who are reeling from fallout of the solecism of the immediate past Administration that turned the country into a cash bazaar,” the Minister said

They are lucky that Nigerians are not as incautious as they are, otherwise they would not be able to walk around freely, not to talk of having the effrontery to fire darts at the government that inherited their rot or the people who are suffering the consequences.

They looted the billions of Naira that were allocated for the fight against insurgency, causing many innocent and patriotic soldiers to die needlessly, yet they are not remorseful. They looted the treasury to influence the last elections, doling out money as if it was going out of fashion, yet they continue to grandstand.

In the latest revelation, a Minister under the immediate past dispensation admitted to sharing 600 million Naira to six Chairmen of the Contact and Mobilization Committee of the PDP for the last general elections, 300 million Naira to an account given by a former PDP chairman, 200 million Naira to a PDP governorship candidate and 100 million Naira to a former PDP governor. This is just one case out of many, yet these revelations are but a tip of the iceberg of what Nigerians will hear in the days ahead.

He finally promised irrespective of the  startling revelations about looting and the mismanagement by self-titled economic wizards, the economy will go back to normal under the watch of President Muhammadu Buhari.

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