Obasanjo, Yar’Adua, Jonathan caused Current economic Recession – APC

Amidst public angst over the appalling state of the economy under the administration of Pres­ident Muhammadu Buhari which has been officially confirmed to be in recession, the ruling All Pro­gressives Congress (APC) has said its hands are clean.
The party rather asked Ni­gerians to blame the current eco­nomic mess on former Presi­dents Olusegun Obasanjo, the late Umaru Musa Yar’Adua and Good­luck Jonathan, whom it accused of plundering the country’s resourc­es for 16 years.
APC said the three leaders, who ruled under the platform of the now-turned opposition Peo­ple’s Democratic Party (PDP), had the golden opportunity to turn the economy around, but wasted it.
Reacting yesterday in Abuja to the PDP’s call on Buhari to re­sign over his poor performance, the APC said that the party lacked the credibility and rectitude to make such a call.
The PDP had, while reacting to the declaration of economic recession by the Presidency, de­manded that the President resign his position for leading Nigeria into the crisis.
In a statement issued by the APC National Secretary, Hon. Mai Mala Buni, the ruling party assured Nigerians that the Buhari administration remains commit­ted to resuscitating the economy in the quickest possible time and in the interest of the people.
The party reinstated its com­mitment to returning Nigeria into a strong economic nation, regret­ting that it met an already battered economy which was handed over to it by the past PDP administra­tion.
“The statement by the PDP 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 apol­ogise to Nigerians.
“The warning signs were glar­ing to the immediate-past admin­istration but it chose 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.
“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.
“Happily, the President Buha­ri administration has embarked on a well-thought economic agenda, 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,” the ruling party noted.
Recently, the Emir of Kano, Alhaji Muhammadu Sanusi II, asked President Buhari to retrace his steps and stop the blame game to avoid going the way of the ad­ministration of Jonathan.
He lamented that while Jona­than made oil subsidy billionaires, Buhari was making the same mis­take of creating forex billionaires.
Even the foreign exchange policy, which Sanusi criticised, was hailed yesterday by the APC.
The party said that the Presi­dent has introduced a new flexible foreign exchange policy through the Central Bank of Nigeria (CBN) in June 2016, adding that, “we now have a single market-de­termined exchange rate which en­ables suppliers of foreign curren­cies to bring in their money and take the same out at market-de­termined rates.”
The President’s shuttle diplo­macy has yielded positive effects on the country’s economic poli­cies, the party added.
According to the APC, “the generality of Nigerians agree that the days of impunity are over. Through the full implementation of the Treasury Single Account (TSA) by the President Muham­madu Buhari’s APC-led admin­istration, revenue leakages have been greatly plugged.”
Change will take time, Buhari insists
Meanwhile, President Buha­ri has restated his commitment to the implementation of the change agenda he promised Nigerians.
Buhari, who spoke yesterday during his official visit to Osog­bo, the Osun State capital to in­augurate the 3,000-capacity Os­ogbo High School, however, said that the promised change won’t come overnight.
He was in the state to com­mission the project as part of ac­tivities marking the 25th anniver­sary of its creation.
The President, who said that change could not be achieved on a bed of roses, added that through patience and perseverance, the challenges the country was facing would become a thing of the past.
He reiterated his adminis­tration’s determination to imple­ment the change agenda through the fight against corruption.
The President said: “We are determined to implement our change agenda by curbing exces­sive wastes in government. We shall restore integrity to govern­ance through the fight against cor­ruption. We are determined to de­liver and rescue the country from bad governance.’’
The President, who said he was happy to be in Osun State, which he described as the spirit­ual home of Yoruba civilisation, thanked the people of the state for voting for APC in the 2015 gener­al elections.
Governor Aregbesola in his remarks, said that building the school was part of the state gov­ernment’s efforts toward the de­velopment of education in the state.
He said that the school, which has 72 classrooms and a multi-purpose hall among oth­er facilities, would provide a con­ducive learning environment for students.

Originally posted 2016-09-02 08:12:40.

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