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‘No, Thanks; Tinubu’s Team Is Doing Well, Naira Now World's Best Performing Currency,’ Presidency Replies PDP Over Call For National Council Meeting

‘No, Thanks; Tinubu’s Team Is Doing Well, Naira Now World's Best Performing Currency,’ Presidency Replies PDP Over Call For National Council Meeting
April 19, 2024

The opposition party made the call in a Communique issued on Thursday at the end of the 98th Meeting of the National Executive Committee of the party held in Abuja which was signed by the National Publicity Secretary, Debo Ologunagba.

The Presidency has said that Nigeria’s Naira has become the world’s best-performing currency, appreciating by almost 50 percent against the dollar.

 

It said this in a statement issued by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, in reaction to the Peoples Democratic Party (PDP) statement that under President Bola Tinubu and All Progressives Congress (APC) administration, Nigerians have been pushed into "worsening insecurity, harrowing economic hardship, soaring unemployment rate, high cost of food and other necessities of life with pervading misery and despondency across the country".

 

SaharaReporters had reported that the National Executive Committee of the PDP called on President Tinubu to convene a special National Security Council meeting to proffer a holistic solution and measures to curb the disturbing insecurity in the country.

 

The opposition party made the call in a Communique issued on Thursday at the end of the 98th Meeting of the National Executive Committee of the party held in Abuja which was signed by the National Publicity Secretary, Debo Ologunagba.

 

The party said that the anti-people policies of President Tinubu-led APC administration have led to "worsening insecurity, harrowing economic hardship, soaring unemployment rate, high cost of food and other necessities of life with pervading misery and despondency across the country".

 

But Onanuga said, “Unlike the PDP administration of 16 years, the Tinubu administration has been confronting the problems of our country headlong, moving for an audacious reset that will firmly put our country on a solid economic pedestal.”

 

He stated that the PDP came out of its National Executive Council meeting and threw tantrums against the APC and President Tinubu, accusing the president and his party of all its (PDP) “notorious inadequacies” when it was in power for 16 years, until the APC took over power in 2015.

 

Speaking on the achievements of Tinubu and the APC administration, Onanuga said, “The results are already showing. Contrary to the pessimism and wishes of some PDP leaders, the National currency has become the world’s best-performing, appreciating by almost 50 percent against the dollar in a few weeks.

 

“Exchange rate is stabilising as a convergence has been reached between official and so-called parallel market. The contrived pall of gloom cast over our nation has faded out and renewed hope is unleashed.

 

“Such is the positive trend that the APC economic programme is generating that the IMF has reviewed upwards the growth projection for our country this year from 2.9 percent to 3.3 percent.

 

“The administration is targeting a higher growth with its plans to embark on audacious infrastructure projects, such as the Badagry-Sokoto Highway and the Lagos-Calabar Coastal Highway.

 

“The latter has attracted an unwarranted attack by one of the PDP leaders, blinded by the huge economic benefits of the highway project.

 

“No thanks PDP! The President’s economic team is doing well and no sane government will change a winning team that is working in sync with the advisory of the private sector, state governors and economic gurus in the country.

 

“The PDP is advised to harmonise its home first, rather than accusing President Tinubu of trying to entrench one-party state. President Tinubu nurses no such plan as it only exists in the imagination of the opposition PDP.”

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Politics