PDP Get To Tinubu Over Precarious Economic Hardships in Nigeria

PDP Get To Tinubu Over Precarious Economic Hardships in Nigeria
PDP BoT
Elderly members of the main opposition People's Democratic Party (PDP), who are grouped under the umbrella of the Board of Trustees (BoT) of the party, have condemned the economic policies of President Bola Ahmed Tinubu-led administration, claiming that the administration has led Nigeria economy to a precarious state.

The ventilation was contained in an address given by the PDP BoT after their 76th meeting yesterday in Abuja, the Federal Capital City of Nigeria.

PDP BoT condemned the policies of the All Progressives Congress (APC) led administration, as it accused the government of embezzling public funds without caring for the welfare of the citizens.

The meeting which was convened and presided over by the PDP BoT chairman and former President of the Senate, Senator Adolphus Wabara, resolved in its address that:

“The BoT expresses deep concerns over the biting economic hardship, high cost of essential life-enhancing commodities, and alarming food scarcity in the country occasioned by the ill-implemented policies of the APC administration and which are already causing restiveness and agitations in various parts of the country.

“The BoT is alarmed by the worsening insecurity in the country as evident in the rising cases of mass killings, banditry, kidnap for ransom, and acts of terrorism by assailants who are emboldened by the manifest laidback attitude of the APC administration to issues of security, especially in the last nine months.

“The BoT is appalled by the monumental corruption and unbridled treasury-looting in the APC administration especially the looting of billions of Naira meant for palliatives for poor and vulnerable Nigerians.

“The BoT is seriously worried over the fall of the Naira to an abysmal N1,500 to the Dollar, incessant increase in the pump price of fuel which now sells for over N700 per liter with long queues in various parts of the country.

“These have attendant negative consequences as evident in the nearly 30% inflation rate, 41% unemployment rate, and alarming 46% poverty rate where up to 130 million citizens have sunk deeper into multi-dimensional poverty in the last nine months.”

"The catastrophic economic and security situation in the country has left Nigerians hopeless, despondent, and angry, adding that the situation constitutes a present and immediate threat to the survival of the country as hardworking young Nigerians, professionals in critical fields as well as major multinational companies are now leaving the country in droves.

"There are no concrete and coherent policy, measures and steps by the APC administration to address these existential threats which have put the country in a precarious situation.”

Category: World-News
Tag: PDP Get To Tinubu Over Precarious Economic Hardships in Nigeria
Written by Author (author)
Published 2/14/2024 10:01:01 AM

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