Feb 2nd, 2015 – Fashola Says Jonathan & PDP Behind Nigerian Naira Fall & Weak Economy
During a meeting organized by Lagos-based businessmen today in Marina, incumbent Governor BRF came after the ruling part and blamed them for Nigeria’s weakening economy.
In his speech, he highlighted the differences between PDP and APC and how PDP has messed up Nigeria’s economy since 1999 when they took on power.
In his own words:
“The manifesto of the APC is designed to address 2015 problems going on to 2019 while PDP has is a 1999 manifesto and that probably explains the disconnect between our realities and the realities that you hear. The transformation that has been put forth has headed south not west. The Naira has weakened, interest rates has come up and it is for us to chose whether we want four more years of that and the Naira is essential in a free fall in an economy that is currently import denominated and it would only mean that the purchasing power of our disposable income would continue to reduce.” he said
“The necessity of now is to halt that free fall. That is something we cannot vote continuity on. I will not. But more importantly as the candidate, Gen Buhari, has said, it is essentially not how much really Nigeria earns, it is what value we get out of that money. If we had sold crude oil, our major income earner for like almost 5-6 years at over a $100 per barrel and all of us are saying there is pain, do we want to continue now when there is reduced income with the same team on the same management capacity. If they couldn’t do topnotch at $100 per barrel, can we trust them to do more with less?” .
It is a pity that Nigeria’s economy is at a free fall stage. May be we should blame it on endless political campaign and power tussle between the two rivalry parties.
May God send Nigeria a leader that will bring peace and fulfillment to our land.