The Peoples Democratic Party (PDP) has said the administration of former
President Goodluck Jonathan saw recession coming and had plans to tackle
it, but some members of the party who are now in the All Progressives
Congress (APC), frustrated it.
Dayo Adeyeye, spokesman of the PDP caretaker committee, said this in a
statement, while responding to the allegations that Jonathan turned “a
blind eye” to the economic crisis, which started manifesting under him.
Mohammed Baduru, governor of Jigawa state, made the claim.
“We make bold to tell governor Badaru that Jonathan and the Peoples
Democratic Party government saw this coming since 2011, and wanted to
deregulate the sale of hydrocarbons in 2012, but Badaru and his
co-travellers who are now in the All Progressives Congress (APC)
frustrated the effort,” Adeyeye said in a statement.
“The former administration also wanted to encourage more savings in the
Excess Crude Account (ECA) and set up the Sovereign Wealth Fund (SWF) but
the Badarus of this world who play politics with serious national issues
and were state governors at the time took the federal government to court
and did everything to frustrate the effort.
“Thank God some of them are among the ‘best brains’ in the APC federal
government of today.”
The statement added that the “ceaseless blame” put on the Jonathan
administration would not take the country anywhere.
Adeyeye challenged “Badaru and those who still think like him” to tell
Nigerians the efforts made to resolve the economic crisis.
“This economic management policy of unhealthy propaganda and blaming the
previous administration ceaselessly, will not take us anywhere,” he said
“The likes of the governor were busy de-marketing Nigeria all over the
world when the Jonathan administration was trying to woo investors.
“Did he ever wonder why despite the signals towards end of 2013 to 2014,
as rightly identified by the governor to be the beginning of hard times,
the economy remained stable with single digit inflation during those
periods,” Adeyeye asked.
“Let gov. Badaru be reminded that it was because of the milestones
recorded in the local production of rice and other staple food that
ensured robust local supply and remarkable progression which limited the
demand for scarce foreign exchange needed for importation.
“In view of the above submissions, it is clear that the current economic
recession in the country was not caused by previous PDP’s administration
or leaders but due to the poor management of Nigeria’s economy, lack of
vision and incompetence of the present APC’s led federal government that
drove Nigerians into this avoidable life threatening quagmire.”
He added that the visit of Mark Zukerberg to Nigeria would not have
happened if Jonathan had not set up the two ICT incubation centres in
Lagos and Calabar.