The federal government has blamed the poor state of the country’s economy, especially the depreciation of the naira, on the massive looting of the national treasury and mismanagement of the economy under the immediate past administration.
In a statement made available to LEADERSHIP and signed by the minister of Information and Culture, Alh Lai Mohammed yesterday, it described the comments credited to Deputy Senate President, Ike Ekweremadu, that businesses may collapse in the next six months because the Buhari administration has mismanaged the economy, as the clearest indication yet that the PDP and its leaders are still in denial about the massive body blows they inflicted on the Nigerian economy.
He also assured that despite the mind-boggling revelations about looting and the mismanagement by self-styled economic wizards, the economy will bounce back under the watch of President Muhammadu Buhari, who is bringing probity and transparency back into governance.
He said: ‘’If there was still any honour left among thieves, there is no way the leaders of a party under whose watch the nation’s economy suffered a monumental mismanagement and the Central Bank was turned to the ATM or piggy bank of a few people, will have the temerity to insult a government that is working hard to turn things around for the citizens who are bearing the brunt of such mismanagement.”
“It is now clear to all Nigerians that if the PDP had won the last general election, Nigeria’s economy would not have survived one more month, considering the battering it received under the immediate past administration.
“It is therefore unconscionable that those who should show contrition and hunker down to avoid public opprobrium are the same ones pointing an accusing finger at the Buhari Administration,’’ he said.
He said that Senator Ekweremadu complained about the depreciation of the naira without telling Nigerians who ‘dolarized’ the Nigerian economy by bribing many individuals and groups with dollars during the last elections, thus inflicting a knock-out punch on the local currency.
Alh Mohammed stated that Ekweremadu also failed to tell Nigerians which government presided over the frenzied mop-up of dollars, either for ‘armsgate’ or for slush fund purposes, from the CBN to a point where it almost ran out of the hard currency.
Source : Leadership