{"id":213678,"date":"2022-08-31T08:41:42","date_gmt":"2022-08-31T07:41:42","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=213678"},"modified":"2022-08-31T08:41:42","modified_gmt":"2022-08-31T07:41:42","slug":"apc-buharis-govt-lying-to-nigerians-on-state-of-nigerias-economy-atiku","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/08\/31\/apc-buharis-govt-lying-to-nigerians-on-state-of-nigerias-economy-atiku\/","title":{"rendered":"APC, Buhari\u2019s govt lying to Nigerians on state of Nigeria’s economy \u2013 Atiku"},"content":{"rendered":"

Atiku Abubakar, Presidential Candidate of the Peoples Democratic Party (PDP), says the All Progressives Congress-led federal government is concealing the troubling state of Nigeria’s economy from Nigerians. <\/p>\n

In a statement on Tuesday in Kano, the former Vice President said the country\u2019s economy is in deeper trouble than the Buhari\u2019s government would want to admit.<\/p>\n

According to Atiku<\/a>, the key sectors of the economy are either growing slowly or declining.<\/p>\n

The statement reads: \u201cLast week the National Bureau of Statistics released the GDP figures for Q2 2022. The government has been unreasonably upbeat about the reported growth rate of 3.4%. The plain truth is that the economy is in deeper trouble than the APC-led government is willing to admit.<\/p>\n

\u201cThe citizens\u2019 level of misery hasn\u2019t changed, and the reasons are obvious: first, the key sectors of the economy, notably agriculture, oil and gas (the country\u2019s cash cow) and manufacturing (that contributes to jobs), are either growing slowly or declining.<\/p>\n

\u201cSecond, unabated are rising commodity prices occasioned by high energy and transportation costs (and aggravated by the disorderliness in the forex market).<\/p>\n

\u201cAlso, debt levels continue to rise while the fiscal capacity to service its debts is declining. All these are enough to erase the perceived gains from output growth.<\/p>\n

\u201cHaving run out of ideas, it appears that our unprecedented level of indebtedness is whetting the government\u2019s appetite for more debt. This is a recipe for macroeconomic instability.<\/p>\n

\u201cWe challenge the National Bureau of Statistics to share with the public their recent statistics on poverty, unemployment and commodity prices \u2014 the reality of which will leave no hope for the common man.<\/p>\n

\u201cLike I have said before, increasing debts will never be a solution to our indebtedness. My government, if elected, will halt the rate of debt accumulation and instead focus on private-public partnerships in financing development.<\/p>\n

\u201cAlso is the consideration of a government of national unity that will douse the temperature, unite Nigerians and pave the way for improved security. Improved security allows for investments and, therefore, an improved economy. Also targeted tax rebates to attract foreign and local investments, amongst other proactive measures to attract investments to grow the economy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Atiku Abubakar, Presidential Candidate of the Peoples Democratic Party (PDP), says the All Progressives Congress-led federal government is concealing the troubling state of Nigeria’s economy from Nigerians. In a statement on Tuesday in Kano, the former Vice President said the country\u2019s economy is in deeper trouble than the Buhari\u2019s government would want to admit. According […]<\/p>\n","protected":false},"author":39,"featured_media":211879,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"double-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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