Nigeria would have succumbed to COVID-19 under PDP – Buhari Media Organization
If the Peoples Democratic Party (PDP) were in power at the centre today, Nigeria would have collapsed under the strain of the Covid-19 pandemic, the Buhari Media Organisation (BMO) has said.
The group said in a statement signed by its Chairman Niyi Akinsiju and Secretary Cassidy Madueke, sent to The DEFENDER, that the former ruling party would not have been able to do half as much as the President Muhammadu Buhari-led All Progressives Congress (APC) government had done.
“It is laughable to see PDP elements all over the place in recent weeks in a bid to play the role of an opposition that their party is struggling with.
“So we were amused to see the party’s latest effort to keep itself in the public space at a time the Buhari administration is steadying the ship of state in spite of the global pandemic crisis that is hitting some of the well-developed countries of the world hard, and a historic drop in oil price to as low as $15 a barrel in the second quarter of the year.
“We invite Nigerians to recall how in 2014, the then PDP-led administration began to borrow to pay salaries of government workers at the first sign of a drop in oil prices to about $70 a barrel.
“And in spite of the relatively high price of oil between 2010 and 2015, the former ruling party left a debt burden of $63bn which, by the current foreign exchange rate, is N29.7 trillion, alongside several uncompleted projects across the country”, it added.
BMO noted that even with the added pressure of lower oil prices, renowned economic experts are hailing the government and its economic managers for doing a great job.
“Today, the price of Brent oil ranges from $44 to $46 yet the country is doing more than paying salaries, it has also introduced several stimulus packages aimed at putting money in people’s hands as well as boosting local businesses after the Covid-19 lockdown. The administration is completing projects and going ahead with infrastructure renewal.
“So it is not surprising that when Nigeria’s GDP recorded a 6.10% contraction in Q2 of 2020 at a time the global average was -15%, economic experts hailed the Nigerian government for doing a great job.
“We dare say that all these boils down to the single-minded commitment of the Buhari administration to bequeath a structurally resilient economy to Nigerians, in contrast to the abandoned projects and institutionalised corruption that characterised the PDP years”.
BMO also reassured Nigerians that the President would spend his remaining time in office to make the country better than he met it.
