Buhari, Adeosun can resolve our economic problem – PDP

– PDP has attacked the President Muhammadu Buhari administration and the Minister of Finance, Mrs Kemi Adeosun over claims that it will focus on two policies to remove Nigeria from recession

– PDP said it believes a recession is not reversed by diversification



Can President Buhari solve Nigeria’s economic problems?

Nigeria’s opposition party, Peoples Democratic Party (PDP) has attacked the President Muhammadu Buhari administration and the Minister of Finance, Mrs. Kemi Adeosun over claims that it will focus on two policies to remove Nigeria from recession

 – fiscal discipline & diversification. PDP said it believes a recession is not reversed by diversification.

 “A recession is reversed by implementing a stimulus package designed to cut taxes, reduce the cost of doing business & boost spending on infrastructure & other critical sectors of the economy,” the party said in a statement signed by Deji Adeyanju, its New media director

The party added that; “Available data shows that the Buhari administration has spent a meagre 19% of the allocation for CAPEX in #Budget2016.

 This sort of spending will not make any sort of impact on the economy. “Assuming but not conceding that Mrs Adeosun is right, the challenge is the past 15 months show that despite the glib talk the Buhari administration is doing neither.

 “For instance, despite claims of weeding out ghost workers from the payroll & reducing the civil service wage bill, Nigeria’s wage bill increased from N1.65tr in 2014 to N1.83tr and N1.71tr in 2015 & 2016 respectively.”

 Recall that PDP had described the comment by the minister of finance, Kemi Adeosun as highly intensive and out of line.

 In a statement made available to our reporter, PDP said Contrary to her belief, “recession” is not just a word, It’s a horrible reality for millions of Nigerians who face increasing difficulty in putting food on the table & meeting basic everyday financial obligations.