It is injustice for PDP to condemn Buhari over current economic recession- APC

APC in a statement signed by its
National Secretary, Mai Mala
Buni said PDP should
apologize to Nigerians for
mismanaging our resources
and failing reserve our resources for the future.

The statement reads in:
"For the umpteenth time,
the PDP lacks the moral
basis and credibility to
comment or condemn the
government on the
economy after the mess it
left behind. Instead, the
PDP must apologise to
Nigerians. The warning
signs were glaring to the
immediate-past
administration. But it
choose the path of
economic sabotage by
looking the other way
and squandering the
country's commonwealth,
a reckless decision that
has brought the country
to its knees. Nigerians will
recall that even the
immediate-past finance
minister and coordinating
minister of the economy,
confessed that the zero
political will to save under
the immediate-past
administration is
responsible for the
challenges facing the
country. Happily, the
President Muhammadu
Buhari administration has
embarked on well-
thought economic
agenda, policy actions,
appropriate fiscal,
governance, and socio-
political reforms to
revamp the economy and
tackle the nation's current
challenges in the short to
long term. Under the new
flexible foreign exchange
policy introduced by the
Central Bank of Nigeria
(CBN) in June 2016, we
now have a single
market-determined
exchange rate which
enables suppliers of
foreign currencies to
bring in their money and
take the same out at
market-determined rates.
The new foreign
exchange policy being
implemented will ensure
our economy recovers in
the medium to long term.
As contained in the
assented 2016 National
Budget, the
administration of
President Muhammadu
Buhari is aggressively
formulating and
implementing policies
aimed at diversifying
Nigeria's economy from
oil to other sectors such
as agriculture, mining and
manufacturing. The
administration is also
proactively tackling
increased attacks on oil
facilities in the Niger Delta
region which has led to
disruptions in crude
production. The
President's shuttle
diplomacy has yielded
positive effects on the
country's economic
policies. As a result,
several agreements
concluded during the
visits are positively
impacting on key sectors
of the Nigerian economy
including power, solid
minerals, agriculture,
housing and rail
transportation. The fight
against corruption
remains a top priority for
the President Buhari APC-
led administration. In
spite of desperate
attempts by some
partisans to discredit
anti-corruption efforts in
some quarters, the war
against corruption is
being won and has been
well-received and
supported. The generality
of Nigerians agree that
the days of impunity are
over. Through the full
implementation of the
Treasury Single Account
(TSA) by the President
Muhammadu Buhari APC-
led administration,
revenue leakages have
been greatly plugged".