The Peoples Democratic Party (PDP) has stated that Nigeria cannot survive another four years under the All Progressives Congress (APC)-led Federal Government following the withdrawal of General Electric (GE) from a $2.8 billion railway concession deal due to the harsh economic policies of the administration. PDP, in a statement yesterday by its National Publicity Secretary, Kola Ologbondiyan, noted that President Muhammadu Buhari’s administration has caused the nation another huge economic setback. The party dismissed the ‘Next Level’ campaign adopted by Buhari’s 2019 slogan, noting that the president failed to deliver on his promises.
“The next level Buhari administration can take Nigeria to can only be severe hunger and pains beyond what Nigerians have been experiencing in the last three and half years. “PDP further notes that with the withdrawal of GE and the continued exiting, from our nation, of other huge foreign investors, due to unabated unfriendly polices, the Buhari administration has cost Nigerians the much-needed commercial and employment opportunities and further frustrated the development of the nation,” the statement added. It stated that Buhari administration is the major economic challenge facing Nigeria as a nation.
The party noted that Nigeria has continued to reel under the administration characterized by economic stagnation, high inflation, soaring unemployment and harsh regulatory regime that scare away investors.
“The refusal of the incompetent and anti-development Buhari administration to institute and drive arable economic direction and reforms; its resort to heavy taxation, heavy sanctions and blame games have led us to a sorry state where investors keep exiting our economy. “This is evident in the capital importation report of the National Bureau of Statistics (NBS) for the second quarter of 2018, which showed critical drop in capital importation in Q2 relative Q1 2018 with no hope in sight under Buhari.
“From all indications, it is clear that there is no way our economy can survive if the Buhari administration is allowed to be on the saddle for another four year,” PDP stated. The party urged Nigerians to continue in their resolution to rescue the nation by supporting its presidential candidate, Atiku Abubakar, stating that he has proven competencies in wealth creation and economic management to bring the country out of the woods.