Published On: Wed, Sep 14th, 2016

Economic Recession: Who Do We Believe, Buhari, Osinbajo Or Lai Mohammed?

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Our dear country has been in a serious economic crisis for quite some time now. Economic Recession has dealt with this country that everyone is talking about it, old, young and even children. The hardship has been severely felt by Nigerians.

Our leaders are not helping matters as they have failed to give us the change they promised us.

The questions in the lips of Nigerians are, when will this end? when are we seeing the change? What exactly is the cause of this economic recession?

Funny enough our leaders seem to have different opinions on what the root cause of the recession is. Here are their views;

‘President Buhari on Economic Recession:

Mr President, believes PDP is the cause of the Recession.

His words; ”I want Nigerians to realise that what this government inherited after 16 years of the PDP government was no savings, no infrastructure, no power, no rail, no road and no security,” he told journalists in his Daura hometown after the Eid-el-Kabir celebrations”.

Read Also: Buhari Hits PDP Again: For 16 Years, No Savings, No Power, No Roads, No Security

Vice President Osinbajo On Economic Recession:

The Vice President of Nigeria, Yemi Osinbajo, yesterday, attributed the current economic recession in the country to the loss of almost 60 per cent revenue due to the activities of pipelines vandals in the Niger-Delta.

The Vice-President said this while fielding questions from newsmen in Abeokuta.

“One of the major reasons why we are in recession is the fact that we lost about 60% of our revenue due to the vandalization of the pipelines on the Niger/Delta and we lost almost 40% of the gas.

Read Also: Pipeline Vandalism Responsible For Economic Recession – Osinbajo

Lai Mohammed On Economic Recession;

The Minister of Information and Culture, Lai Mohammed, Tuesday said Nigeria’s over-dependence on oil is to blame for the recession the nation’s economy is passing through.

The Minister said this during a news briefing at his residence in Oro, Irepodun Local Government Area in Kwara State.

Mr. Lai said, the prevailing economic situation was not about trading blames, as “those who understand knew that this recession was bound to happen in such circumstance”.

He said the crash in global price of oil exposed the country’s defective economic policy, with oil accounting for over 60 per cent of the nation’s Gross Domestic Product (GDP).

Read Also: Over-Dependence On Oil Is Responsible For Economic Recession-Lai Mohammed

APC should please stop contracting each other of the cause of this recession, speak with one voice, tell us the root cause of the recession and the way forward. Nigerians are running out of patience.

What Nigerians need at the moment is the change APC promised. Our leaders should not be agents of confusion.

 

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