Buhari Administration Lack Ideas And Vision
Scathing criticism has continued to hit the administration of the All Progressives Congress (APC) over the current economic recession, as the opposition Peoples Democratic Party (PDP) again described the government of being bereft of ideas and vision to right the trend.
It recalled that the previous administration had envisioned the present recession and opted to deregulate the sale of hydrocarbons in 2012 as well as encourage more savings in the Excess Crude Account under the Sovereign Wealth Fund (SWF), but those efforts were resisted and thwarted by the then opposition.
Spokesman of the PDP, Prince Dayo Adeyeye, stated this Monday in a statement in Abuja. Adeyeye was reacting to a statement credited to Governor Abubakar Badaru of Jigawa state, who blamed the current recession on the previous PDP-led government, accusing it of not preparing for the economic mess the nation presently finds itself in.
Quoting some authorities to back up his claim, Adeyeye told Badaru that “wrong economic policies of the APC-led government caused the current stagnation and recession in the country.”
According to him, the President of the Nigerian Employers Consultative Association (NECA), Larry Ettah, a few days ago, corroborated the PDP’s claim when he said “it is quite evident that the lack of clarity about the economic agenda of the current government contributed to the current economic stagnation and recession.”
It recalled that the previous administration had envisioned the present recession and opted to deregulate the sale of hydrocarbons in 2012 as well as encourage more savings in the Excess Crude Account under the Sovereign Wealth Fund (SWF), but those efforts were resisted and thwarted by the then opposition.
Spokesman of the PDP, Prince Dayo Adeyeye, stated this Monday in a statement in Abuja. Adeyeye was reacting to a statement credited to Governor Abubakar Badaru of Jigawa state, who blamed the current recession on the previous PDP-led government, accusing it of not preparing for the economic mess the nation presently finds itself in.
Quoting some authorities to back up his claim, Adeyeye told Badaru that “wrong economic policies of the APC-led government caused the current stagnation and recession in the country.”
According to him, the President of the Nigerian Employers Consultative Association (NECA), Larry Ettah, a few days ago, corroborated the PDP’s claim when he said “it is quite evident that the lack of clarity about the economic agenda of the current government contributed to the current economic stagnation and recession.”
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