Admin l Sunday, January 01, 2016
ABUJA, Nigeria – The Peoples Democratic Party(PDP) has called on the President Muhammadu Buhari to employ economic experts if he is determined to take Nigeria out of economic recession.
The PDP made the revelation in its new year statement to Nigerians. In the statement, Publicity Secretary of the party, Prince Dayo Adeyeye blamed the economic recession on incompetence of the All Progressive Congress(APC) led government.
The PDP said the it handed over a robust economy with Nigeria as number in Africa and the fastest growing economy in the region adding that today, Nigeria is not near the first 30 economies in the region.
“The ‘Transformation Agenda’ of the last PDP Administration brought a lot of hope to Nigerians, the African Sub Region and our economy at large. Nigeria economy before handing over to the APC in May 2015 was declared the largest and the fastest growing in Africa (number 1) which is now nowhere near number 30. Why is that? Incompetence it is!
“It is no gainsaying that the PDP had better policies and programmes of reforming Nigeria’s economy to provide better living condition for its citizens well-being, which it did. We hope the government of the day changes its policies of high taxations with almost non-economic activity while providing palliatives in 2017 to reduce the effect of the recession, and the Country will be better for it in the coming years.
“Against this backdrop, we again advise the APC led administration in this Year 2017 to urgently employ the services of economic experts to put in place viable policies that will revamp our ailing economy. We are presently in recession because of significant decline in government business in both internal and external spheres.
“The federal government should increase money supply, cause rise in disposable income (spending) and decrease mindless taxations which have led to high inflation and multiple prices in money market”, he said and called on Nigerians to work hard.
