{"id":73207,"date":"2021-08-19T19:37:11","date_gmt":"2021-08-19T18:37:11","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=73207"},"modified":"2021-08-19T19:37:11","modified_gmt":"2021-08-19T18:37:11","slug":"buharis-economic-policies-have-brought-nigeria-to-its-knees-says-pdp","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/08\/19\/buharis-economic-policies-have-brought-nigeria-to-its-knees-says-pdp\/","title":{"rendered":"Buhari&#8217;s economic policies have brought Nigeria to its knees, says PDP"},"content":{"rendered":"<p>The Peoples Democratic Party (PDP) has stated that President Buhari&#8217;s economic policies have brought Nigeria to its knees.<\/p>\n<p>The main opposition party also stated that the administration of President Muhammadu Buhari has returned Nigeria to a &#8220;beggar state&#8221;.<\/p>\n<p>According to the opposition party,\u00a0the Buhari-led All Progressives Congress (<a href=\"https:\/\/officialapc.ng\/\">APC<\/a>) has destroyed \u201cevery sector of our national life\u201d as a result of \u201cmanifest incompetence and unbridled corruption\u201d.<\/p>\n<p>This was stated by the opposition party against the backdrop of the comment made by Muhammad Sanusi, former governor of Central Bank of Nigeria (CBN)<span class=\"s1\">.<\/span><\/p>\n<p>Recall that Sanusi had alleged that\u00a0\u00a0the progress recorded in the country in 35 years has been wiped out in five years.<\/p>\n<p>Reacting to the comment on Wednesday, Kola Ologbondiyan, national publicity secretary of the PDP, said the statement by Sanusi indicates that the Buhari administration has \u201cwrecked our nation\u201d.<\/p>\n<p>The PDP said the declaration by the former CBN governor reflects the position of majority of Nigerians across the country.<\/p>\n<p>\u201cThe Buhari Presidency and the APC have in the last six years, only succeeded in destroying every sector of our national life with their manifest incompetence, unbridled corruption, treasury looting, impunity, exclusionist and restrictive economic policies that have brought our nation to her knees,\u201d Ologbondiyan said in a statement.<\/p>\n<p>\u201cNigerians can recall that the PDP handed over a robust economy, rated the largest hub in Africa and one of the fastest growing in the world with Fitch B+ rating and Gross Domestic Produce (GDP) of $574 billion to President Buhari and the APC in May 2015.<\/p>\n<p>\u201cSadly, in the last six years, Buhari-led APC administration has reduced our productive sectors to a complete wreckage with alarming 33.3 percent unemployment and 17.38% inflation rates; over 60 million hitherto flourishing businesses folded up and the naira crashing from N167 to a dollar in 2015 to N512 under the APC corrupt and directionless watch.<\/p>\n<p>\u201cMore depressing is that the corrupt APC administration has practically erased all the gains of the debt repayment achieved by the PDP, returned our nation to a beggar state and mortgaged the sovereignty of our country with reckless borrowing and accumulated N33.107trillion.<\/p>\n<p>\u201cLife has become so unbearable in Nigeria under President Buhari and the APC, that more than 82.9 million Nigerians are no longer able to afford their daily meals and other necessities of life, with our nation now ranking as poverty capital of the world and 98th out of 107 in Global Hunger index.<\/p>\n<p>\u201cFurthermore, the compromises of the APC administration have led to the escalation of terrorist activities, banditry, kidnapping, killings, bloody agitations as well as other acts of violence that have turned our nation into a large funeral palour, with no hope in sight.\u201d<\/p>\n<p>The PDP asked Nigerians to speak up to \u201crescue our nation from this fast descent to a failed state\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Peoples Democratic Party (PDP) has stated that President Buhari&#8217;s economic policies have brought Nigeria to its knees. The main opposition party also stated that the administration of President Muhammadu Buhari has returned Nigeria to a &#8220;beggar state&#8221;. According to the opposition party,\u00a0the Buhari-led All Progressives Congress (APC) has destroyed \u201cevery sector of our national [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":3263,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[15,16219,1172,208],"class_list":["post-73207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-all-progressives-congress","tag-buharis-economic-policies","tag-central-bank-of-nigeria","tag-president-muhammadu-buhari"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Buhari&#039;s economic policies have brought Nigeria to its knees, says PDP<\/title>\n<meta name=\"description\" content=\"The Peoples Democratic Party (PDP) has stated that President Buhari&#039;s economic policies have brought Nigeria to its knees.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2021\/08\/19\/buharis-economic-policies-have-brought-nigeria-to-its-knees-says-pdp\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buhari&#039;s economic policies have brought Nigeria to its knees, says PDP\" \/>\n<meta property=\"og:description\" content=\"The Peoples Democratic Party (PDP) has stated that President Buhari&#039;s economic policies have brought Nigeria to its knees. The main opposition party also\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2021\/08\/19\/buharis-economic-policies-have-brought-nigeria-to-its-knees-says-pdp\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-19T18:37:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/03\/PDP-National-Publicity-Secretary-Mr-Kola-Ologbondiyan.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sodiq Lawal Chocomilo\" 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