PDP’s mismanagement, looting cause of recession-APC

. Says, ‘opposition party’s attempt to turn truth on its head fraudulent, insensitive and an insult to Nigerians

. ‘Buhari-led APC administration is determined to restore Nigeria’s battered economy back to health in the quickest possible time

.Urges opposition party to own up to its transgressions, apologise to Nigerians

.Calls for support, cooperation, patience and prayers of Nigerians

The National leadership of the All Progressives Congress (APC), on Monday, hit back at the opposition Peoples Democratic Party (PDP), insisting that the prevailing socio-economic hardship being faced by Nigerians is a direct consequence of the mismanagement of the economy and unprecedented looting of the country’s commonwealth perpetrated under its (PDP’s) watch.

The PDP had on Sunday said that the current economic recession being witnessed in the country was caused by the poor management of Nigeria’s economy, lack of vision and incompetence of the present APC-led Federal Government.

The shortcomings of the APC-led government, the PDP maintained, drove Nigerians into this avoidable life threatening quagmire.

However, the APC in a statement signed on Monday by its National Secretary, Hon. Mai Mala Buni, lashed out at the PDP, stating that its attempt to turn truth on its head is fraudulent, insensitive and an insult to Nigerians.

The governing party, in its statement titled, “Beyond PDP’s Comments on the Economy”, urged the PDP to own up to its transgressions and apologise to Nigerians.

The ruling party pointed out that the urgent task before the President Muhammadu Buhari-led APC administration is to restore the country’s battered economy back to health, adding that all legitimate and innovative means are being employed to achieve this in the quickest possible time.

The APC advised the President Buhari-led administration to remain focused in its bold bid to restore economic growth in the country.

The APC statement reads: “In reacting to the orchestrated and insensitive comments by the Peoples Democratic Party (PDP) on the economy, the All Progressives Congress (APC) urges the President Muhammadu Buhari-led administration to remain focused in its bold bid to restore economic growth in the country.

“Inspite of the PDP’s orchestrated and feeble attempts to blackmail the current administration and twist facts, the reality remains that the prevailing socio-economic hardship being faced by Nigerians is a direct consequence of the mismanagement of the economy and unprecedented looting of the country’s commonwealth perpetrated under its watch.

“The PDP’s attempt to turn truth on its head is fraudulent, insensitive and an insult to Nigerians.

“For the umpteenth time, the PDP must own up to its transgressions and apologise to Nigerians.

“Going forward, the urgent task before the President Muhammadu Buhari-led APC administration is to restore the country’s battered economy back to health and all legitimate and innovative means are being employed to achieve this in the quickest possible time.

“The APC assures Nigerians of the strong political will and commitment of the President Buhari administration to revive the economy and tackle the nation’s current challenges through suitable and well-thought economic policies, fiscal discipline and socio-political reforms.

“Among other strategic economic agendas, diversification of the country’s economy is a priority for the administration.

“To this end, President Buhari is aggressively formulating and implementing policies aimed at diversifying Nigeria’s economy from oil to other sectors such as agriculture, mining and manufacturing.

“The APC assures Nigerians that the administration will pull the country out of the present hardships.

“With the support, cooperation, patience and prayers of Nigerians, the country will reach its deserved potential under our leadership”, it said.