"PDP responsible for Nigeria's recession," says ruling party

Nigerias ruling party, the All Progressives Congress has reacted to the call by the Peoples Democratic Party (PDP) seeking the resignation of President Muhammadu Buhari over the countrys dwindling economic situation.

The National Bureau of Statistics (NBS) in a recent report stated that over 4.8 million Nigerians had lost their jobs since the beginning of the President Buhari's administration.

Sequel to the release of the report, the PDP in a statement signed by the its director on new media, Deji Adeyanju called on "President Buhari to immediately resign for destroying the economy."

But the APC in a statement issued by its national secretary, Mai Mala Buni said Nigeria was suffering from mistakes of some past president elected on the platform of the PDP.

The statement reads in part;

"The statement by the Peoples Democratic Party (PDP) on Wednesday is the latest in the Party’s insensitive plot to deflect attention from the voodoo economics and reckless fiscal policies the country was subjected to during its 16-year rule.

"For the umpteenth time, the PDP lacks the moral basis and credibility to comment or condemn the government on the economy after the mess it left behind. Instead, the PDP must apologize to Nigerians.

"The warning signs were glaring to the immediate-past administration but it choose the path of economic sabotage by looking the other way and squandering the country’s commonwealth – a reckless decision that has brought the country to its knees.

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"Nigerians will recall that even the immediate-past finance minister and coordinating minister of the economy, confessed that the zero political will to save under the immediate-past administration is responsible for the challenges facing the country."

The ruling party stated that the federal government was committed to resuscitating the economy in the quickest possible time and in the best interest of the people.

"The new petroleum products supply and pricing framework which eliminated corruption-tainted subsidy payments has among others greatly solved fuel scarcities by ensuring availability of products at all locations in the country; reduced hoarding, smuggling and diversion substantially and stabilise price at the actual product price; encouraged investments in both refineries and Retails; provided Government more revenue to address social and infrastructural needs of the country," the APC said

The ruling party stated that the present administration has embarked on well-thought economic agendas, policy actions, appropriate fiscal, governance, and socio-political reforms to revamp the economy and tackle the nation’s current challenges in the short to long term.

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