The Peoples Democratic Party has called on President Muhammadu Buhari to leave office immediately.
But before quitting, the former ruling party asked the President to return the country to how he met it when he assumed office on May 29, 2015.
The spokesperson and a member of the party’s National Caretaker Committee, Prince Dayo Adeyeye, said this in a statement he signed in Abuja on Wednesday.
The former minister of state for works said his party was not happy with the state of affairs in the country.
He specifically mentioned the statement credited to the Minister of Finance, Mrs. Kemi Adeosun, that, “recession is a word.”
Adeyeye said, “Is this statement as a result of ignorance, lack of patriotism or in-line with President Buhari’s comment that his ministers are noise makers?
“For the record, recession is characterised as a period of negative economic growth for two consecutive quarters, given rise to high rate of unemployment, fall in output, increase in government borrowing, etc.
“Following this understanding, Nigeria’s economy is already near depression. The crass ineptitude and lukewarm-attitude of this All Progressives Congress government is no longer tolerable, and therefore, we are calling on President Buhari and his team to return Nigeria to its state of booming economy before they assumed office in May, 2015, and then quit immediately to allow other capable leaders revive our ailing economy.”
Adeyeye said about three airlines, local and international, and some banks had allegedly suspended operations and sent their members of staff on an indefinite leave due to the poor state of Nigeria’s economy.
He said Nigerians were aware that the PDP government invested heavily in most of the nation’s airports, an action he said resulted to alleged ‘facelift’ and improved operations through remodelling, construction of new airports, refurbishing and equipping of the local and international airports to meet the best practices in the aviation industry.
He said the APC’s administration had frittered away all the good policies and programmes which he claimed the PDP put in place, thereby bringing down the aviation sector in the country amongst other catastrophes he said the new leadership had caused.
He said the President should sit down to work instead of constantly blaming past governments at all time.
He said, “What Nigerians want from this administration are positive results and not resorting to throwing tantrums on the PDP at every given opportunity.
“Our call for the President to return the country to how he met it in 2015 is justified on the following grounds.
“In 2015 when the President came to power, a bag of rice was selling at N7,000, but now, it is above N20,000; a ‘mudu’ of beans was N150 then and now, it is N500; one US dollar was then trading for N197 but now it is over N400.
“Also, a litre of fuel was N87 but now is N145; cost of transportation and other services had skyrocketed. Given our observations since the inception of this government, they have nothing to offer and as such, quitting will be a solution because nobody can give what he/she does not have. The APC has failed.”
Adeyeye called on Nigerians to recall President Buhari’s purported “body language” at the beginning of his administration and reiterated that governance “is a serious business and not about someone’s body language’ and de-marketing strategies of Mr. President while ‘globetrotting’.
“When this government came to power in May 2015 riding on the achievements of the previous PDP administration, President Buhari’s handlers and his party, the APC, claimed it was his ‘body language’ that brought some positive changes the country was witnessing at that time.
“So, we want to know what are the results of the so-called ‘body language’?”
He concluded that the earlier the President and his team quit, the better for the country, saying “there is no better time than now to make this call for the President to return the country to how he met it and quit.
“He can even quit right away for a more experienced team to take over.”
Adeyeye appealed to members of his party and other well-meaning Nigerians to keep praying to God to intervene so that the country could quickly recover from the ailing economy.
The Director-General of the Voice of Nigeria, Mr. Osita Okechukwu, who was until his appointment, the South-East Zonal spokesman for the APC, has dismissed the PDP’s call for Buhari’s resignation.
Okechukwu said the PDP was simply trying to make Nigerians forget the 16 years of its maladministration.
He said, “On May 13, 2010, the Jonathan administration announced the contract award of three refineries which he called the greenfield refinery. One was to be located in Bayelsa, one in Kogi and one in Lagos, if those refineries were constructed, the billions of naira we are losing through vandalism of our pipelines would not be the order of the day.
“If his wife, Patience, was wise enough to use the money she used to build a hotel in Yenagoa for the refinery, we wouldn’t have been where we are today.
“The Nigerian people know where the rain started beating us. As the Petroleum Task Force chairman, Buhari, with the meagre resources at his disposal, was able to build more kilometres of roads than the PDP did in 16 years, even though they had more money.
“Are they saying Nigeria should return to the years where Boko Haram held all of us to ransom and the looting of the public treasury was the order of the day?”
UAE Commits $30 Billion as COP28 Climate Talks Kick Off in Dubai
Nigeria Eyes BRICS Membership within Two Years as Foreign Minister Emphasizes Strategic Alignment
In a strategic move towards global economic collaboration, Nigeria is aspiring to join the BRICS group of nations within the next two years.
The Minister of Foreign Affairs, Yusuf Tuggar, affirmed that Nigeria is open to aligning itself with groups that demonstrate good intentions, well-meaning goals, and clearly defined objectives.
Tuggar stated, “Nigeria has come of age to decide for itself who her partners should be and where they should be; being multiple aligned is in our best interest.”
He emphasized the need for Nigeria to be part of influential groups like BRICS and the G-20, citing criteria such as population and economy size that position Nigeria as a natural candidate.
BRICS, comprising Brazil, Russia, India, China, and South Africa, stands as a formidable bloc of emerging market powers.
In a recent move to expand its influence, BRICS invited six additional nations, including Saudi Arabia, Iran, Egypt, Argentina, Ethiopia, and the United Arab Emirates, to join the group.
Nigeria, as Africa’s largest economy, has been absent from the BRICS alliance, prompting discussions on the potential economic and political advantages the bloc could offer the country.
Analysts have noted that BRICS membership could provide Nigeria with significant leverage on the global stage.
Vice President Kashim Shettima clarified that Nigeria did not apply for BRICS membership after the bloc’s announcement of new members in August.
Shettima emphasized the principled approach of President Bola Ahmed Tinubu, highlighting a commitment to consensus building in decisions related to international partnerships.
As Nigeria eyes BRICS membership, the move is seen as a strategic step towards enhancing its global economic and diplomatic influence.
Nigeria Spends N231.27 Billion on Arms Procurement in Four Years Amidst Rising Security Challenges
The Federal Government of Nigeria has disbursed a total of N231.27 billion for arms and ammunition procurement over the past four years.
Despite this significant investment, security agencies argue that the allocated funds are insufficient to effectively tackle the myriad security challenges afflicting the nation.
Chief of Defence Staff, General Christopher Musa, defended the substantial budget for arms purchases during a session with the House of Representatives.
He emphasized that Nigeria’s dependence on foreign countries for military hardware, which are priced in dollars, diminishes the impact of the substantial budget when converted to the local currency.
General Musa explained, “We don’t produce what we need in Nigeria, and if you do not produce what you need, that means you are at the beck and call of the people that produce these items. All the items we procured were bought with hard currency, none in naira.”
He further illustrated the challenges faced, citing that a precision missile for drones costs $5,000, underscoring the magnitude of the expenses associated with arms procurement.
An analysis of the annual budgets for the Ministry of Defence and eight other armed forces from 2020 to 2022 reveals allocations of N11.72 billion, N10.78 billion, and N9.64 billion, respectively.
In 2023, N47.02 billion was disbursed for arms procurement, supplemented by a recently passed budget of N184.25 billion, resulting in a total of N231.27 billion.
Security expert Chidi Omeje raised concerns about the Defence Industries Corporation of Nigeria (DICON), which is tasked with manufacturing arms locally. Omeje criticized DICON’s underperformance, urging the government to revamp the agency to reduce reliance on foreign nations for arms and ammunition.
Omeje stressed, “The new government must make sure that DICON lives up to its responsibilities,” highlighting the urgency of fostering self-sufficiency in arms production to address the country’s security challenges effectively.
Federal Government to Earn Over $500 Million in INTELS Deal
Nigeria Eyes Oil Production Surpassing OPEC Quota Amidst Positive Projections and Global Collaborations
Oil Prices Face Downward Pressure Amid OPEC+ Uncertainty and Middle East Tensions
Finance4 weeks ago
Black Market Exchange Rate Today 6th November 2023
Business3 weeks ago
Nigeria’s Logistics Sector Holds Untapped N3tn Potential, Says Courier and Logistics Management Institute
Black Market Rate3 weeks ago
Black Market Exchange Rate Today 14th November 2023
News3 weeks ago
Millionaire Powerplay Limited Unveils Unprecedented Odds in American Lotto’s Instant Cashless Payout
News4 weeks ago
N-Power Batch C1 Programme Successfully Concluded, Investigation Ensures Eligible Beneficiaries Receive Payments
Black Market Rate4 weeks ago
Black Market Exchange Rate Today 9th November 2023
Forex3 weeks ago
Black Market Exchange Rate Today 16th November 2023
Forex4 weeks ago
Black Market Exchange Rate Today 10th November 2023