Your lack of vision, incompetence caused economic recession – PDP tells APC

The opposition Peoples Democratic Party (PDP) on Sunday rose in defence of former President Goodluck Jonathan’s administration, saying the ruling All Progressives Congress (APC) poor handling of the economy, lack of vision and incompetence caused the current recession.

The PDP, therefore urged the President Muhammadu Buhari-led administration to stop the blame game and as a matter of urgency “look inward towards resolving the recession by inviting economic experts irrespective of their political leaning to join hands with the administration at these trying times”.

The PDP, which stated this in a statement by its national publicity secretary, Prince Dayo Adeyeye, in Abuja, was reacting to a statement attributed to the Jigawa State governor, Abubakar Badaru, who blamed the current economic situation of the country to the past PDP administration of Jonathan.

The statement reads, “Our attention has once again been drawn to the recent inconsiderate statement attributed to the Governor of Jigawa State, Abubakar Badaru and similar comments from people of like minds to the effect that the previous Peoples Democratic Party (PDP) Administration was responsible for the current Economic Recession.

“It is really disappointing that a notable personality as highly placed as a State Governor could be drawn into making idle and pedestrian claims without the benefit of facts. It is either he does not realise the obligation of speaking responsibly in that position or he is grossly ill-informed; in which case, we could only try to put the facts before him, and hoping he would recognize them.

“In the first place, this blame is misplaced because our elementary understanding of economics teaches us that the major cause of recession is inflation and poor handling of the economy given that the higher the rate of inflation, the more impoverished people become, industrial production and GDP decline resulting in massive job losses. Perhaps we should quote those who should know and tell Governor Badaru that wrong economic policies of the All Progressive Congress (APC)-led Government caused the current stagnation and recession in the Country.