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Economic Crisis: PDP demands Buhari’s resignation

01 September 2016, 11:02Tony Smart

Abuja - The Peoples Democratic Party on Wednesday asked President Muhammadu Buhari to step down after the nation slipped into economic recession, Premium Times reports.

“We join all well meaning Nigerians to call on Mr. Buhari to resign if he is unable to reverse the disastrous economic decline he has brought on Nigerians,” the party said hours after figures released by the National Bureau of Statistics confirmed that Nigeria had slipped into recession.

The PDP in its statement Wednesday saw the crisis as a direct consequence of Mr. Buhari’s “ineptitude and incompetent” approach to economic management which were a rehash of the “archaic and incoherent economic policies” he similarly pursued as the head of a military junta between 1983 and 1985.

“Nothing better showcases the absolute ineptitude and incompetence of the Muhammadu Buhari administration than the GDP, Inflation and unemployment figures released by the Nigerian Bureau of Statistics today,” the PDP said in a statement signed by Deji Adeyanju, its director of new media.

The National Bureau of Statistics on Wednesday released the much-awaited Gross Domestic Product figures for the second quarter of 2016 with the GDP growth rate sliding further from -0.36 per cent in the first quarter to -2.06 per cent year-on-year according to News24.

In the GDP report released by the NBS, the bureau said, “In the second quarter of 2016, the nation’s Gross Domestic Product declined by -2.06 per cent (year-on- year) in real terms.

Meanwhile the federal government has reacted to report by the NBS that Nigeria is officially in recession.

The federal government gave Nigerians four reasons to cheer up, saying the second quarter of 2016 was promising.

This was contained in a statement by Adeyemi Dipeolu, special adviser to the president on economic matters.

- News 24


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