State of the Nation: @OfficialAPCNg’s Recklessness, Greed Wrecked Our Economy- @OfficialPDPNig...Holds APC Responsible for Devaluation of Naira...Demands Transparency on N1.3tr COVID-19 Intervention Fund. - See full text in jpeg format as attached 
Gentlemen of the Press,
The @OfficialAPCNg and the @MBuhari Presidency have finally wrecked our nation’s economy and there is no hope in sight under their control.
The @OfficialAPCNg and the @MBuhari Presidency have finally wrecked our nation’s economy and there is no hope in sight under their control.
The APC and @MBuhari Presidency have turned us into a beggar nation and the world poverty capital with their inherent recklessness and lack of capacity to articulate strategies that will sustain and grow our hitherto robust economy which they took over from the PDP in 2015.
Nigerians are all aware that before the @OfficialPDPNig left office in 2015, our party had succeeded in growing our economy with policies and programmes that boosted private sector participation to the extent that Nigeria...
... was ranked the third fastest-growing economy, after China and Qatar, with capacity to lend to other countries.
Today, the sheer incompetence, greed, reckless policies and deep corruption of the @OfficialAPCNg have reversed all these gains and destroyed our national economic capacities to the extent our nation can no longer finance our national budget.
Our nation is currently in shambles with a drifting economy, a devalued currency (N380 to a dollar), collapsed infrastructure, a frightening 23.1% unemployment rate, high cost of essential goods, increased morbidity rate,...
... reduced life expectancy and a despondent citizenry leaving our country in droves.
This situation is worsened with the reckless foreign borrowing by the @OfficialAPCNg and its administration which today stands at an alarming $108 billion with no productive repayment plan; funds which have been exposed as being frittered and stolen by APC leaders and the cabal.
It is however instructive to note that even before the COVID-19, our economy was already in shambles and had been on a free fall in the last five years, due to the incompetence and reckless policies of the Buhari administration
It is also on record that our party had consistently pointed to the economic lapses of the @MBuhari-led @OfficialAPCNg administration with options on economic recovery, which were all ignored.
President @MBuhari and the @OfficialAPCNg had persistently ignored wise economic counsels by well-meaning Nigerians, groups and even international organizations, who had...
... consistently advised the government on the need to diversify our economy and boost private sector participation.
It is worrisome that while other countries quickly adopted measures to ease liquidity, the @OfficialAPCNg administration remained laidback and helpless, only to resort to knee-jerk measures.
The result was that last week, not a single Foreign Portfolio investor participated in the Open Market Auction conducted by the CBN. That was a huge vote of no confidence on our system....
... The @OfficialAPCNg government later responded with a desperate measure of devaluing our currency to N380 to 1.USD at the Investor and Exporters (1&E) window; a development that has put our economy under more stress.
It is therefore clear that our nation is doomed under @OfficialAPCNg and our challenges can only get worse under this dysfunctional party.
Consequently, the @OfficialPDPNig, as a pan Nigeria party, is deeply worried and cannot fold its hands and watch while those who have no interest in the welfare of our nation continue to wreck the destiny of our people.
In the light of the above, the PDP resolves as follows:
Our Party, the @OfficialPDPNig holds the @MBuhari administration responsible for the devaluation of the naira due to its failures.
Our Party, the @OfficialPDPNig holds the @MBuhari administration responsible for the devaluation of the naira due to its failures.
President @MBuhari should immediately end all tactless economic policies, accept failure, seek help and get more competent hands to work on the economy, develop strategies to strengthen the naira as well as paddle our nation out of the current economic quandary.
The @OfficialPDPNig is worried over allegations of corruption in handling of the N1.3 trillion set aside to cushion the effect of COVID-19 on the economy. Our party demands ultimate transparency. The Federal Government should come clean on the source of the intervention,...
... the specific intervention projects where the fund will apply, the level of involvement of other tiers of government and private stakeholders, as well as the mode of disbursements and monitoring.
The @OfficialPDPNig demands that the COVID-19 interventions be allocated to the three tiers of government for effective delivery and monitoring.
