Official Recession: Resign Now, PDP Tells Buhari

The Peoples Democratic Party (PDP) has called on President Muhammadu Buhari to step aside as Nigerian president, if he has no clue to the economic situation confronting the country.

The opposition party, in a statement signed by Deji Adeyanju, its director of new media accused Buhari’s administration of incompetence, saying he should resign rather than worsen the nation’s economic hopes.

“We join all well meaning Nigerians to call on Mr. Buhari to resign if he is unable to reverse the disastrous economic decline he has brought on Nigerians” PDP said.

The party said that considering the Wednesday report of the National Bureau of Statistics which revealed that Nigeria’s economy had fallen deeper into recession since May 29, 2016 when Buhari became president.

Recall that NBS report also explained that Nigeria’s Gross Domestic Product contracted by 2.06 per cent, marking the first major recession in 29 years for Africa’s largest economy.

The PDP in its statement argues that the economic reality of the country, is a direct function of Buhari’s “ineptitude and incompetent” approach to leadership, maintaining that the economic management which were a rehash of the “archaic and incoherent economic policies” he similarly pursued as the head of a military junta between 1983 and 1985.

“Nothing better showcases the absolute ineptitude and incompetence of the Muhammadu Buhari administration than the GDP, Inflation and unemployment figures released by the Nigerian Bureau of Statistics today,”

“The result of these indices is that Nigeria is in its worst economic state for 29 years —dating back to 1987 when the nation had to take harsh steps to recover from President Buhari’s policies of 1984-85.”

“As with 1984-85, companies are fleeing our shores in droves. Manufacturers Association of Nigeria (MAN) recently stated that 272 companies have shut down in the past one year,” PDP said, adding that it was unimpressed by the worrisome style of the APC led government.

“Our dismay is worsened by the fact that every sphere of the Nigerian socio-political space (ranging from the conduct of elections, human rights, respect for the rule of law, security, technology, health etc) is negatively affected by the Buhari administration,”.