The PDP governor’s forum has said the APC-led government is a massive failure when compared to the administration of the Peoples Democratic Party (PDP).
The PDP governors said this following their meeting under the PDP Governors Forum in Port Harcourt, Rivers State, on Monday, January 17.
In a communique issued at the end of the meeting, hosted by Rivers state governor, Nyesom Wike, they compared economic indices of both administrations and concluded that the ruling party has brought Nigeria to endless tales of woes.
“The Nigerian economy has continued to deteriorate and Nigerians have become numb and accustomed to bad economic news as exemplified by the inconsistent and differential exchange rate regime, high-interest rates, unsustainable unemployment figures and borrowing spree some of which have not been applied to important projects, and other bad economic indicators.
“In particular, it is clear that the APC Government is a massive failure when compared with the records of PDP in government.
“The PDP handed over a $550 billion economy (the largest in Africa), but under APC, Nigeria is the Poverty Capital of the world. In 2015, under PDP, the exchange rate was N198 per Dollar, it is now under APC almost N500 to a Dollar;
“In 2015, the unemployment rate was 7.3% under PDP, it is now 33%, one of the highest in the world under APC; In 2015, the Pump price of Petroleum was N87 per liter, it is now N165 per liter and climbing under APC. Debt Servicing now under APC takes over 98% of the Federal budget. The tales of woe are endless.
“The PDP Governors noted that the management of our Oil and Gas resources, the administration of Federation Account remittances have remained opaque, confusing, and non – transparent. In addition, the transition to NNPC Ltd under the Petroleum Industry Act has not been properly streamlined to ensure that the interests of all the tiers of Government are protected, consistent with the 1999 Constitution.”
The governors advised the National Assembly to override the presidential veto of the Electoral Act Amendment Bill or delete the contentious clause.
The communique said: “The PDP Governors requested the National Assembly to quickly conclude deliberations on the Electoral Act Amendment Bill either by overriding Mr. President’s veto or deleting areas of complaints.
“The meeting advised that the option of sustaining Mr. President’s veto would lead to a quicker resolution and would deny Mr. President the opportunity to once again truncate a reformed Electoral jurisprudence for Nigeria. An early concluded Electoral Act is vital for credible elections.”