Secretary, joint Coalition of Integrity and Solidarity groups of the People’s Democratic Party (PDP), Ibrahim Bayero, has described the present economy situation in the country as unfortunate.
Bayero, who stated this while feeding questions from media shortly after the meeting of the coalition held in Kaduna on Thursday, said the GDP has dropped drastically, an indication of poor economic planning and management by All Progressives Congress (APC) led federal and state governments.
He was optimistic that failure of APC to put the nation’s economy in good perspective would pave way for PDP ahead of 2019 elections.
He said, “just yesterday, the government released the second quarter of its GDP which indicated that GDP has dropped astronomically to about 2.06 from above 8 percent they met it when they took over the power. They lack technical know how of how to improve economy of this country. They took a country which is the best economy in Africa. Today, look at where we are. The richest man in Africa is a Nigerian who was developed by PDP but this administration is working hard to bring him down.
“The Minister of Agriculture had just confessed that this government lacks the technical know how to develop agriculture. They are referring to PDP policies on how to distribute fertilizers to farmers. Nobody needed to be told no matter how downtrodden you are that the economy is in shamble.
“They need to realize that the country is not as poor as they lament. At least if you are drilling about 1.69 barrel per day, whether it is $20 per parrel, you know how much you are making on daily basis if you multiply that by 30 days. This is in addition to what custom, maritime, aviation, judiciary and other sources of revenue are generating. But these people keep crying while they are there enjoying themselves in excess while nothing is coming down to the people who voted them into power.
“That is why we are saying no meaningful government can develop without people’s project by relying only in capital projects. If you are not making policies that can empower your people, you are far from the truth”, he added.