Home West African News Nigeria News PMB’s Government Has Damaged The Economy – Fayose

PMB’s Government Has Damaged The Economy – Fayose

Ekiti-State-Governor-Ayodele-FayoseEkiti State governor, Ayo Fayose has accused the Muhammadu Buhari administration of destroying the Nigerian economy.

Fayose also urged Buhari not to go ahead with plans to borrow $29.96 billion to finance the 2016 budget.

The governor made the comments on Thursday, November 10, in Ado Ekiti, the state capital.

“The current situation whereby the federal government is running after perceived opposition suggests that of a man that is interested in pursuing reelection rather than solving economic problems,” Fayose said according to Leadership.

“A situation whereby government is borrowing far and above its external reserves means that the 2016 budget is not implementable because about 30% will be used to service external debt and if this happens, then our economy will go into depression in 2017.

“At the departure of President Goodluck Jonathan’s government, a dollar was at the upper limit of N220 and official rate of N190. But today, a dollar is N477 which shows clearly that Buhari’s government has damaged the economy by 30%.

“As we speak now, Nigeria is gradually entering autocracy. Judiciary no longer has courage to defend democracy. The government is clueless about how to solve the economic problem. All they are pursuing is how to demonize opposition. No justice and justice is the bedrock of democracy.

“If they are really serious about diversification, they should spread the country’s commonwealth. As we speak now, no good irrigation in the whole of southwest. They should stop round-tripping of dollars.

“How can I join a party that is making Nigerians hungry and angry? God forbid. I have seen the body Language of Senator Saraki that he was planning to hit the garvel in support of external borrowing. I want to warn that the National Assembly must not kill Nigerians perpetually,” he added.


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