Steve Hanke’s report shows Nigeria is sinking under Buhari – PDP





…Urges Presidency to urgently revamp economy

By Dirisu Yakubu

ABUJA- The Peoples Democratic Party, PDP, has described Steve Hanke’s report which rated Nigeria as the 6th miserable country in the world,  as a vindication of its position “all this while,” saying the nation has sunk into a new low since President Muhammadu Buhari assumed power in 2015.

Buhari
Buhari

Hanke, an economist at John Hopkins University, United States of America had in the publication rated Nigeria 6th on the ignoble list of world’s most miserable countries,  behind Venezuela (Ist), Argentina (2nd), Iran (3rd), Brazil (4th) and Turkey (5th), citing the high rate of unemployment in Africa’s biggest nation as the major contributor to her “misery. ”

Reacting to the development,  the main opposition party,  through its spokesman, Kola Ologbondiyan tasked the ruling All Progressives Congress,  APC,  to perish the thought of the planned increment in Value Added Tax,  VAT,  saying such would only make life more difficult for the “already traumatized Nigerians.”

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In a chat with our correspondent, the publicity scribe said: “That report is a vindication of the position of the Peoples Democratic Party, all this while. The economy has virtually collapsed under President Buhari and the man is even mooting the idea of piling more pressure on Nigerians.

“Nigerians have never suffered like they are suffering today because those charged with the responsibility of managing the economy have failed completely. They have no idea of what it takes to manage an economy like ours.

“As an opposition party,  we call on the Presidency to take urgent steps to fine-tune the economy, create jobs for our teeming youths if only to justify that a government is in place.

“In the interim,  we advise them to stop their plan to increase VAT as that will only fetch millions of Nigerians additional pain and discomfort.”

While noting that democracy is essentially about the people,  Ologbindiyan expressed worry that rather improving on the living conditions of Nigerians,  “the  APC-led administration of President Buhari appears to be deriving pleasure from inflicting pains and misery.”

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He added: “Nigerians can now see that indeed, the PDP don’t just do criticisms for the fun of it. We are talking of a report that searchlighted economies of countries in different continents of the world. Our beloved country is in shambles but there is no doubt we will reclaim it for the people at the appointed time.





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