The Peoples Democratic Party (PDP) has alleged that President Buhari destroying Nigeria completely.
The opposition party on Wednesday threw a major punchline on the Muhammadu Buhari-led administration.
The PDP made the comment in a press statement, reacting to the recently released economic indices by the National Bureau of Statistics (NBS).
The statistics released by the NBS showed several negative indices and shrinking growth in the economy through the first half of the year.
Director, New Media of the PDP, Deji Adeyanju in a statement made available to newsmen stated that the statistics were a clear showcase of the incompetence of the Buhari administration.
He cited the negative GDP, Inflation & Unemployment figures released by NBS.
The PDP statement read in parts:
“PRESS STATEMENT – PRESIDENT MUHAMMADU BUHARI IS COMPLETELY DESTROYING NIGERIA
“Nothing better showcases the absolute ineptitude & incompetence of the Muhammadu Buhari administration than the GDP, Inflation & Unemployment figures released by Nigerian Bureau of Statistics today.
“These figures reveal what we have repeatedly said over the last 15 months – the Nigerian President is destroying the Nigeria 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. Q2 was worse than the -0.36% shrinking of the economy in Q1 2016.
“Headline Inflation for July 2016 stands at 17.1%. It was from 16.5% in June 2016. Food inflation was 15.58% for July 2016 from 15.3% in June 2016.
“Portfolio investment declined to an estimated $245.3m in Q2 2016. This represents 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.
The PDP in their press release claimed the economy had performed better in the last administration, going by the statistics released.
The PDP further added that:
“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 272 companies have shut down in the past 1 year.”
Alluding to President Buhari’s previous stint as president in 1984, the PDP claimed that Nigerians are suffering like they suffered in 1984-85.
Buhari Destroying Nigeria With Archaic Economic Policies – PDP
They claimed that:
“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 worsened 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 the Buhari administration.”
The PDP then called on Nigerians to ask President Buhari to resign.
They (PDP) are of the opinion that President Muhammadu Buhari is unable to reverse the disastrous economic decline he has brought on Nigerians.
The statement which was released on Wednesday was signed by the Director, New Media of the PDP, Deji Adeyanju.