News
Buhari Can’t Fix Nigeria’s Economy -PDP
The Peoples Democratic Party, last Monday said the regime of the President, Major General Muhammadu Buhari (retd.), could not proffer solutions to Nigeria’s dwindling foreign exchange reserves and other socio-economic and political challenges of the country.
Reports from the Central Bank of Nigeria indicated that Nigeria’s foreign exchange reserves dipped to $38.684bn in December from $39.8bn in November of 2019.
The CBN Governor, Mr. Godwin Emefiele, speaking during a Monetary Policy Committee in Abuja in November had said the drop in the foreign reserves was not enough to create fear in the economy.
But the PDP Deputy National Chairman, Mr Diran Odeyemi, told our correspondent in Abuja that Buhari had failed to surround himself with economic and financial experts.
He stated that ex-President Goodluck Jonathan, and ex-President Olusegun Obasanjo, all of the PDP, appointed economic and financial experts, who made the economy grow during their administrations.
He also said Obasanjo’s administration was able to pay off Nigeria’s debt.
According to him, Buhari had a penchant for borrowing, adding that the borrowings had not shown commensurate investment or infrastructural provision.
Odeyemi said, “Nobody is expecting the President to be a financial expert because he did not claim to be one as a retired soldier. But as a President, he is expected to search for experts who could help him to move the country forward. This was what the former President Jonathan did and it is where Buhari has failed.
“The nation’s depleting foreign exchange is expected with the level of corruption in the war against Boko Haram, among others.
“There cannot be a better day under this regime and this is not about being antagonistic. Buhari was part of the late General Sani Abacha’s most indebted regime. What he understands about governance is to borrow and not to generate. It was the PDP administration under Obasanjo that paid off all those debts and in some instances because of his clout had some debts written off. Abacha’s regime was not different from the one that Buhari is overseeing now. The ominous signs are there for Nigerians to see.”
News
198 UNIBEN Students Bag First Class
News
Bayelsa Education Fund, British Council trains tra 1,000 teachers
News
RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
-
Sports5 days agoBarca Impress On Return To Camp Nou
-
Sports5 days agoBundesliga: Oliseh Stars As Bayern Rebound To Thrash Freiburg
-
Sports5 days agoSunderland Fall At Fulham
-
Sports5 days agoForest Embarrass Liverpool At Anfield
-
Sports5 days agoOgoni Nation Cup: Victory Against Amee Base Excites Coach
-
Niger Delta5 days agoTraditional Ruler Seeks End To Benin Artifacts Unauthorized Promotion
-
Maritime5 days agoNSC Decries Police Interferences With Cargoes At Seaports
-
Sports5 days agoMikel Dismisses Chelle’s ‘voodoo’ comments
