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"Buhari comments scaring investors away"

02 November 2015, 06:51Augustine Osayande

Abuja - President Muhammadu Buhari is scaring away investors from the country through his negative statements on the economy.

This is according to the opposition People's Democratic Party (PDP).

The party said it was worrisome that in the last six months instead of the President making efforts to harness resources and grow the economy, he had labeled Nigerians and portrayed the country as an unattractive destination.

PDP National Publicity Secretary, Olisa Metuh, said the President’s unwary statements had become a serious clog in the wheel of progress, eroding the confidence of both domestic and international investors.

“In the last six months, our President has only succeeded in discouraging foreign investors with his continued misrepresentation of our country as a business unfriendly environment," said Metuh.

Buhari has allegedly portrayed Nigeria as a country where most of the citizens are basically corrupt, dishonest, and cannot be trusted.

Metuh said the recent announcement to the world that the nation, with its abundant human and natural resources, was broke exposed the ineptitude of the present administration.

Also Read: Global Banking Financial Crisis and its impact on developing nations

"No reasonable investor would have the confidence to invest in a country where the President himself continues to alert that his country reeks of corrupt people and the government is broke to the extent it cannot pay cabinet ministers."

Femi Adesina, Presidential Spokesperson, lashed at the PDP following the allegations.

“Our attention has been drawn to the latest statement by the PDP spokesman, Olisa Metuh alleging that President Muhammadu Buhari is demarketing Nigeria," he said.

He said Buhari would remain true to the virtues of honesty, integrity, sincerity, incorruptibility and plain-speaking which endeared him to Nigerians.

“President Buhari will not in the name of “marketing” or “attracting”  investors, follow in the footsteps of the ousted PDP Administration," said Adesina.

He said PDP's "discredited" officials "shamelessly" lied to Nigerians and the world about the buoyancy and vibrancy of an economy they had bled  dry for personal gain. 

- CAJ News


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