Lai Mohammed: PDP leaders still in self denial they ruined Nigeria

Lai Mohammed: PDP leaders still in self denial they ruined Nigeria

Sunday, December 13, 2015 9:14 pm


Senator Ekweremadu: gets knocks for blaming Buhari for state of economy

Senator Ekweremadu: gets knocks for blaming Buhari for state of economy

The Federal Government says the poor state of the country’s economy , is the direct consequence of the mismanagement and mindless looting of the national treasury under the Peoples Democratic Party led administration.

The Minister of Information and Culture, Alhaji Lai Mohammed, stated this in a statement issued by his Special Adviser on Media, Mr Segun Adeyemi, on Sunday in Abuja.

Mohammed said the poor state of the economy, especially the depreciation in the naira exchange rate should be attributed to the Jonathan administration, rather than any so-called mismanagement by the Buhari administration

The minister decried the comments credited to Deputy Senate President Ike Ekweremadu, that businesses may collapse in the next six months because the Buhari Administration has mismanaged the economy.

 

”Sen. Ekweremadu complained about the depreciation of the naira without telling Nigerians who ‘dollarised’ the Nigerian economy by bribing many individuals and groups with dollars during the last elections, thus inflicting a knock-out punch on the local currency.He also failed to tell Nigerians which government presided over the frenzied mop-up of dollars, either for ‘armsgate’ or for slush fund purposes, from the CBN to a point where it almost ran out of the hard currency…’’ Lai Mohammed

 

He said the comment was the clearest indication yet that the PDP and its leaders are still in denial about the massive body blows they inflicted on the Nigerian economy.

”Sen. Ekweremadu complained about the depreciation of the naira without telling Nigerians who ‘dollarised’ the Nigerian economy by bribing many individuals and groups with dollars during the last elections, thus inflicting a knock-out punch on the local currency.

“He also failed to tell Nigerians which government presided over the frenzied mop-up of dollars, either for ‘armsgate’ or for slush fund purposes, from the CBN to a point where it almost ran out of the hard currency.’’

Mohammed said even though the Buhari Administration met an economy in coma, it had refused to use that as an excuse for inaction.

According to him, Buhari has been working hard on measures that will turn the economy around and greatly offer relief to Nigerians through a massive social intervention policy.

”The outcome of the months of hard work will manifest soon in the 2016 national budget that will give succour to millions of Nigerians who are reeling from fallout of the solecism of the immediate past administration that turned the country into a cash bazaar.”

The minister assured that in spite of the mind-boggling revelations about looting and the mismanagement by self-styled economic wizards, the economy will bounce back.


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