Categories: News

“Apologise For Leading Nigeria Into Recession For The Second Time” – PDP Tells Finance Minister

The Peoples Democratic Party (PDP) has asked tha Minister of Finance, Zainab Ahmed, to apologise to Nigerians for leading the country into its second recession.

The party was reacting to a statement by the Finance Minister on Thursday, that the country may go into recession due to the slowing down in economic activities.

Speaking with SaharaReporters on Friday, PDP spokesperson, Kola Ologbodiyan said that the President Muhammadu Buhari-led administration had mismanaged the economy for the second time and bleeding Nigeria into recession. He said:

“What Nigerians would have expected the Minister of Finance to say is that the Buhari administration had bled this nation into a recession a record second time. That’s what they should have said, I would have also expected her to apologise to Nigerians for bringing this fate upon them.

“It is wrong to go and say in front of National Assembly members that Nigerians should expect recession. Everybody already knows that we are in a recession and this is the second time that this government is bleeding Nigerians into a recession.”

KanyiDaily recalls that Zainab Ahmed had last year said that Nigeria was not enmeshed in debt crisis as speculated by many.

According to her, there is nothing worrisome about Nigeria’s debt portfolio which rose by N3.32trn in 12 months to N25.7trn as at the end of June 2019.

Tobias Sylvester

Tobias Sylvester is the news editor for Kanyi Daily News and is based in Lagos. Contact Tobias at editor@kanyidaily.com. Got a confidential tip? Submit it here

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