Recession: Quit now, PDP tells Buhari

The Peoples Democratic Party has called on President Muhammadu Buhari to leave office immediately.  But before quitting, the former ruling party asked the President to return the country to how he met it when he assumed office on May 29, 2015.

Spokesperson and a member of the party’s National Caretaker Committee, Prince Dayo Adeyeye, stated this in a statement he signed in Abuja on Wednesday.

The former minister of state for works said that his party was not happy with the state of affairs in the country.

He specifically mentioned the statement credited to the Minister of Finance, Mrs. Kemi Adeosun that, “recession is a word”.

Adeyeye said, “Is this statement as a result of ignorance, lack of patriotism or in-line with President Buhari’s comment that his ministers are noise makers?

“For the record, recession is characterised as a period of negative economic growth for two consecutive quarters, given rise to high rate of unemployment, fall in output, increase in government borrowing, etc.

“Following this understanding, Nigeria’s economy is already near depression. The crass ineptitude and lukewarm-attitude of this All Progressives Congress government is no longer tolerable, and therefore, we are calling on President Buhari and his team to return Nigeria to its state of booming economy before they assumed office in May, 2015, and then quit immediately to allow other capable leaders recover our ailing economy”.

Adeyeye alleged that about three airlines, local and international, and some banks, have allegedly suspended operations and sent their staff on indefinite leave due to poor state of the Nigeria’s economy.

He said that Nigerians were aware that the PDP government invested heavily in most of the nation’s airports, an action he said resulted to alleged ‘facelift’ and improved operations through remodelling, construction of new airports, refurbishing and equipping of the local and international airports to meet best practices in the aviation industry.

Punch

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