The Federal Government has said the poor state of the country’s economy,
\nespecially the depreciation in the Naira exchange rate, is the direct
\nconsequence of the incomprehensible mismanagement of the economy and the
\nmindless looting of the national treasury under the immediate past
\nAdministration.<\/p>\n
”If there was still any honour left among thieves, there is no way the ”It is now clear to all Nigerians that if the PDP had won the last Alhaji Mohammed described the comments credited to Deputy Senate President ”Senator Ekweremadu complained about the depreciation of the Naira The Minister said even though the Buhari Administration met an economy ”The outcome of the months of hard work will manifest soon in the 2016 He advised the leaders of the PDP and members of the immediate past ”They are lucky that Nigerians are not as incautious as they are, ”They looted the billions of Naira that were allocated for the fight ”In the latest revelation, a Minister under the immediate past The Minister assured that despite the mind-boggling revelations about The Federal Government has said the poor state of the country’s economy, especially the depreciation in the Naira exchange rate, is the direct consequence of the incomprehensible mismanagement of the…<\/p>\n","protected":false},"author":1,"featured_media":43894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-44870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"\n
\nleaders of a party under whose watch the nation’s economy suffered a
\nmonumental mismanagement and the Central Bank was turned to the ATM or
\npiggy bank of a few people will have the temerity to insult a government
\nthat is working hard to turn things around or the citizens who are bearing
\nthe brunt of such mismanagement,” the Minister of Information and
\nCulture, Alhaji Lai Mohammed, said in a statement on Sunday<\/span><\/span>.<\/p>\n
\ngeneral elections, Nigeria’s economy would not have survived one more
\nmonth, considering the battering it received under the immediate past
\nAdministration. It is therefore unconscionable that those who should show
\ncontrition and hunker down to avoid public opprobrium are the same ones
\npointing an accusing finger at the Buhari Administration,” he said.<\/p>\n
\nIke Ekweremadu, that businesses may collapse in the next six months
\nbecause the Buhari Administration has mismanaged the economy, as the
\nclearest indication yet that the PDP and its leaders are still in denial
\nabout the massive body blows they inflicted on the Nigerian economy.<\/p>\n
\nwithout telling Nigerians who ‘dollarized’ the Nigerian economy by bribing
\nmany individuals and groups with dollars during the last elections, thus
\ninflicting a knock-out punch on the local currency. He also failed to tell
\nNigerians which government presided over the frenzied mop-up of dollars,
\neither for ‘armsgate’ or for slush fund purposes, from the CBN to a point
\nwhere it almost ran out of the hard currency,” he said<\/p>\n
\nthat was in coma, it had refused to use that as an excuse for inaction,
\nhence has been working hard on measures that will turn the economy around
\nand greatly offer relief to Nigerians by lifting millions, not thousands,
\nof people out of poverty through a massive social intervention policy.<\/p>\n
\nnational budget that will give succour to millions of Nigerians who are
\nreeling from fallout of the solecism of the immediate past Administration
\nthat turned the country into a cash bazaar,” the Minister said.<\/p>\n
\nadministration who are involved in the emerging cases of looting binge to
\nurgently return, to government coffers, the funds they have squirreled out
\nof the commonwealth.<\/p>\n
\notherwise they would not be able to walk around freely, not to talk of
\nhaving the effrontery to fire darts at the government that inherited their
\nrot or the people who are suffering the consequences.<\/p>\n
\nagainst insurgency, causing many innocent and patriotic soldiers to die
\nneedlessly, yet they are not remorseful. They looted the treasury to
\ninfluence the last elections, doling out money as if it was going out of
\nfashion, yet they continue to grandstand.<\/p>\n
\ndispensation admitted to sharing 600 million Naira to six Chairmen of the
\nContact and Mobilization Committee of the PDP for the last general
\nelections, 300 million Naira to an account given by a former PDP chairman,
\n200 million Naira to a PDP governorship candidate and 100 million Naira to
\na former PDP governor. This is just one case out of many, yet these
\nrevelations are but a tip of the iceberg of what Nigerians will hear in
\nthe days ahead,” Alhaji Mohammed said.<\/p>\n
\nlooting and the mismanagement by self-styled economic wizards, the economy
\nwill bounce back under the watch of President Muhammadu Buhari, who is
\nbringing probity and transparency back into governance.<\/p>\n","protected":false},"excerpt":{"rendered":"