Peoples Democratic Party, PDP, has again called on the President Mohammadu Buhari-led APC administration to pay urgent attention to the management of the nation’s economy.
The party said its worry stemmed from the fact that the economy had remained on rapid fall since the last four months, apparently due to the absence of clear-cut fiscal policy direction and an economic team to deal with the domestic and global challenges associated with a
developing economy.
PDP national publicity secretary, Chief Olisa Metuh in a statement said “whereas the PDP is in full support of the president’s efforts in tackling corruption and insurgency, the party is however concerned about the grave economic situation we now face, as well as indices from global economic watchers, which this administration has failed to give deserving attention, despite itspredictable negative impact.
The PDP said as a responsible party, it is duty-bound, beyond politics, to draw the president’s attention to the fact that under the prevailing circumstances, the nation is evidently heading to economic doldrums.
“Mr. President, this is no longer about politics and partisanship; it is about the economy of our dear nation and the wellbeing of the Nigerian citizens.
“Recall that we have severally in the past drawn attention to official reports showing that the unemployment situation in the country as well as inflation rate are growing at frightening dimensions, not to talk of the continued decline in domestic and direct foreign investments, all due to uncertainty created by the lack of economic direction of APC-led administration.
“The situation has become even of utmost concern following the failure of this administration to articulate any interventionist policy at this critical moment, when credible global economic monitors have continued to predict that oil price may fall as low as $20 per barrel.
“It is worrisome that whilst other countries are taking deliberate steps to enhance their investment profiles and hedge their economies at this time, the APC-led federal government has done nothing in that direction, but has centred on partisan politics and witch-hunt of perceived opponents while the economy remains vulnerable and unattended to.
“We caution strongly that this approach to governance is not healthy for our nation. Indeed, the time has come for Mr. President to end the apparent lethargy in his administration and take urgent step to set up a crack economic team of experts to immediately swing into action and salvage the situation by opening up all economic outlets, which have been stagnated in the last four months.”

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