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Nigeria’s economy would have been robust had APC consolidated on our achievements- Jonathan

Former President Goodluck Jonathan has said Nigeria’s economy would have been robust, had the All Progressives Congress (APC)-led government consolidated on the achievements of the Peoples Democratic Party (PDP).

Speaking at the 2017 PDP Special Non-Election Convention in Abuja at the weekend, he decried the high cost of living in the country under the APC administration. He also blamed the APC government for the current economic hardship in Nigeria, saying they mismanaged Africa’s fastest growing economy they met on ground.

The ex-President explained that despite the devastating flood in 2012 that ravaged 50 of farmlands in the country, there was no food scarcity. He said his government was able to tackle the challenges by opening up grain reserves across the country.

Jonathan was Nigeria’s immediate past President who lost his re-election bid in the 2015 presidential election to APC candidate and incumbent President Muhammadu Buhari.

While saying that “God believes in PDP”, the former President said the opposition party is ready to take over power from the ruling party in 2019.

“On the economic front, we provided focused leadership, through institutional and sectoral reforms which impacted positively on the fundamentals for growth, especially in the last four years of our time in power. The effect was that we tamed inflation at a single digit, maintained price stability, grew the economy to become the largest in Africa with a GDP of over half a trillion US dollars, and the number one foreign direct investment destination on the continent.

“And I tell all PDP members that from the days of Obasanjo, through the days of Yar’Adua to Jonathan, we have done well. Nobody should intimidate you”.

Nigeria is currently battling to exit economic recession, her worst in 29 years.

Recently, the International Monetary Fund (IMF) said that at 0.8 percent growth in 2017, Nigeria would not be able reduce unemployment and poverty except the government takes an urgent step in the implementation of the 2017 budget.

The former President believed the present administration mismanaged the economy, which he attributed to the current hunger, unemployment, inflation and insecurity in the land.

“I learnt that some people said that if PDP had remained in power beyond 2015, the economy would have performed worse. This couldn’t have been the case, because we had a sound economic team in place, managing the economy,” he added.

Jonathan said his administration created institutional tools like Bank Verification Number (BVN), Treasury Single Account (TSA) to block leakages as well as the Integrated Payroll and Personnel Information (IPPIS), which eliminated tens of thousands of ghost workers.

The former President expressed delight that his administration’s Youth Enterprises with Innovation (YouWin) programme, which the present government abandoned, has been endorsed by the World Bank for replication in other developing countries.

He issued a quit notice to the APC government to vacate the Presidency, saying the party is ready to reclaim the Presidency at the 2019 general elections.

“Let it be known, in all nooks and crannies of our country, that the PDP is back to claim its rightful place in the affairs of the nation. As we have always done, we are ready to return Nigeria to the path of unity, peace and prosperity,” he stated.



The post Nigeria’s economy would have been robust had APC consolidated on our achievements- Jonathan appeared first on BusinessDay : News you can trust.

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