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    2023: PDP Govs List Buhari’s Economic Woes, Says it Is Immoral For APC to Seek Re-election

    2023: PDP Govs List Buhari's Economic Woes, Says it Is Immoral For APC to Seek Re-election

    As they took office on March 23, the Peoples Democratic Party (PDP)-elected governors decried the country’s “terrible condition of affairs,” saying a re-election bid by the All Progressives Congress (APC)-led federal administration would be immoral and wicked.

    According to the governors, economic indicators released by NBS are precarious and disheartening. They asked why the APC still wanted to be on the ballot in 2023 after failing on every economic indicator and security metric. The governors’ meeting was held in Aba, Abia state.

    When the 12 governors and Taraba’s Deputy Governor met, they came up with a statement that called for the people of Nigeria to reject the APC at all levels of government in the general elections of 2023. The statement was sent to WothappenOnline and noted that life was better in Nigeria in 2015 than it is now.

    Governor Okezie Ikpeazu, who hosted the PDP Governors Forum meeting, was among those in attendance.

    1. Aminu Tambuwal (Sokoto);
    2. Ahmadu Fintiri (Adamawa);
    3. Udom Emmanuel (Akwa Ibom);
    4. Bala Mohammed (Bauchi State);
    5. Douye Diri (Bayelsa);
    6. Samuel Ortom (Benue);
    7. Ifeanyi Okowa (Delta);
    8. Godwin Obaseki (Edo);
    9. Ifeanyi Ugwuanyi (Enugu);
    10. Oluseyi Makinde (Oyo);
    11. Nyesom Wike (Rivers)
    12. Taraba Deputy Governor, Haruna Manu.

    In a statement read out by the Forum’s chairman, Tambuwal, the governors stated that the PDP was ready to assume governance in its “Rescue Nigeria” goal and provide quality leadership to the people.

    The failures of the Buhari govt is listed by the PDP below

    “The meeting reviewed the excruciating hardship and suffering being meted out to Nigerians by a failed APC-led Federal Government; the near-collapse of the APC as a viable political party.

    “We lament the terrible pain and hardship facing Nigerians in virtually all aspects of life. The meeting noted that life was much better in 2015 under the PDP than today under the APC as exemplified in the following Comparative Indicators obtained mainly from the National Bureau of Statistics:

    “Diesel which is critical for running of SMEs was N131.47 in 2015, it now costs above N700.

    “Fuel: Official and Black-Market was N87/155 in 2015, it now costs N167/350 while Aviation Fuel/Air Ticket Rate on Domestic Flights was N110 per Litre/N18,000 in 2015, it now hovers around N700 per Litre/N70,000, where available. Indeed, the scarcity of fuel which has resulted in loss of several man hours is a disgrace to Nigeria.

    “Kerosene (NHK) used by the ordinary Nigerian for cooking and power was N180 in 2015, it now sells at ₦450, while Liquefied Petroleum Gas (LPG) – 12.5kg Cylinder sold for N2,400 in 2015, is now sold at between N8,750 and N10, 000.

    “Prices of basic food stuffs are now three times higher than what they used to be in 2015. Staple foods such as rice, beans, cassava flakes are now slipping out of the hands of average Nigerians. Indeed, a Bag of Rice sold for N8,500 in 2015 is now N39,000.”

    The governors further decried the rising cost of electricity that is hardly available following the constant collapse of the National Grid.

    “The collapse of the National Grid (126 times in 7 years – (June 2015 to March 2022) and its consequences for non-availability of power is most unfortunate.

    “Electricity was N14.23 per kilowatt in 2015, it is now N38.530, and not even available.

    “Unemployment rate was 11.4% in 2015, it is now over 33%, one the highest in the world, while poverty rate in 2015 was 11.3% but now about 42.8%.

    “Accumulated Inflation in 2015 was about 4%, it is now 15.50%; Inflation Rate was 9.01% in 2015 and now 15.7%. Perhaps the Exchange Rate has been one of the most disastrous. N150 to a dollar was the parallel market (patronised by most businessmen and Nigerians) rate in 2015, it is now about N580 to $1 in the parrel market and still rising,”

    “The forum noted that Domestic Debt of N8.4T and External Debt of USD 7.3b was incurred between 1999-2015. While Domestic Debt of N7.63T (June 2015-Dec 2020) and USD28.57b as at Dec 2020 was incurred. External debt of USD21.27b was incurred between June 2015 and 2021.

    “National Debt to GDP Ratio was 23.41% (2016) it is now 36.88% (2022).The Corruption Index has risen from 136 in 2015 to 150 now.

    “Nigeria’s Misery Index, an indicator used in determining how economically well off the citizens of a country are, is usually calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate, has moved from 14.75 percent in 2015 to 50.48 (2021),”

    Insecurity is a huge threat to Nigeria’s agricultural economy and food security, according to the PDP Governors.

    Other issues highlighted

    There are numerous leaks at the Nigerian National Petroleum Corporation (NNPC) because the President is also Minister of Petroleum, according to the forum’s findings.

    The PDP Governors’ Forum Vice Chairman, Governor Okezie Ikpeazu, was thanked for his kindness and hospitality in hosting the conference and for his remarkable contributions to the progress of his state and the party.

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