The Peoples Democratic Party has said that it handed over a $550 billion economy to the All Progressives Congress-led Federal Government in 2015.
The PDP Governors’ Forum said this in a communique it issued following its meeting in Port Harcourt, Rivers State on Monday.
The PDPGF described the APC as a “massive failure” in several areas, especially the economy and security.
The Chairman of the Forum and Governor of Sokoto State, Aminu Tambuwal, said in the communique: “The PDP handed over a $550 billion economy (the largest in Africa). But, under APC, Nigeria is the Plpoverty capital of the world. In 2015, under PDP, the exchange rate was N198 per Dollar. It is now under APC almost N500 to a Dollar; In 2015, the unemployment rate was 7.3 per cent under PDP; it is now 33 per cent, one of the highest in the world under APC.
“The Nigerian economy has continued to deteriorate and Nigerians have become numb and accustomed to bad economic news as exemplified by the inconsistent and differential exchange rate regime, high-interest rates, unsustainable unemployment figures and borrowing spree some of which have not been applied to important projects, and other bad economic indicators.
“In particular, it is clear that the APC Government is a massive failure when compared with the records of PDP in government. In 2015, the pump price of petroleum was N87 per litre. It is now N165 per litre and climbing under APC. Debt servicing now under APC takes over 98 per cent of the Federal budget. The tales of woe are endless.”
Among those who attended the meeting were Tambuwal (Sokoto State), Udom Emmanuel (Akwa Ibom State), Douye Diri (Bayelsa State), Samuel Ortom (Benue State), Ifeanyi Okowa (Delta State), Ifeanyi Ugwuanyi (Enugu State), Nyesom Wike (Rivers State), Oluseyi Makinde (Oyo State), Ahmadu Fintiri (Adamawa State) and Bala Mohammed (Bauchi State).