After months of blaming the opposition Peoples Democratic Party (PDP), for
the current state of Nigeria’s economy, the ruling All Progressives
Congress (APC) has accepted responsibility.
The APC also promised to fix the problems.
The APC’s position was stated by Governor Rochas Okorocha who briefed
journalists after a meeting between the party’s governors and President
Muhammadu Buhari at the Presidential Villa, Abuja.
Recal that APC blamed the opposition Peoples Democratic Party for the
country’s current economic crisis.
Chairman of the Party, chief John Oyegun had stated similar stance and
asked the opposition party, the PDP, to apologize to Nigerians. It,
however, assured that President Muhammadu Buhari would undertake the
“urgent task” of reviving the “battered” economy.
Nigeria’s economy is officially in recession, the National Bureau of
Statistics confirmed on Wednesday, saying the country’s Gross Domestic
Product contracted by 2.06 per cent in the second quarter of 2016, the
second time of recording negative growth rate consecutively.
But APC, in a statement by its National Secretary, Mai Buni, insisted the
manners in which the economy was managed as well as “unprecedented” high
scale corruption under the PDP government of former President Goodluck
Jonathan were the circumstances that plunged Nigeria into the current
economic quagmire.
The situation has seen many Nigerians struggle to eke out living, and
various companies close shops or retrench workers.
Since Mr. Buhari came to power in May last year, a total of 4.58 million
Nigerians have become unemployed over a period that stretches through 2015
Q3, Q4 and 2016 Q1, Q2, NBS revealed on Wednesday.