Democracy Day Celebration: Buhari Destroyed Nigeria’s Economy-Fayose

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Democracy Day Celebration: Buhari Destroyed Nigeria’s Economy-Fayose

By Correspondent

The governor of Ekiti State, Ayodele Fayose has said that President Muhammadu Buhari and his All Progressives Congress’s (APC) has done nothing but destroy the Nigerian economy. He maintained that what has been inflicted on Nigerians so far remained woes and untold hardship. The governor, in a statement issued by his Special Assistant on Public Communications and New Media, Lere Olayinka, said; “Despite President Buhari’s electoral promise to reduce petrol pump price from the N87 per litre that he met it and make life more bearable for Nigerians, he increased the price of petrol to N145, increased electricity tariff in spite of lack of power supply. “Food scarcity last experienced when Buhari was military Head of State between 1983 and 1985 has returned to the country, with Nigerians being unable to feed.” “Foreign Reserve was $28.6 billion, Excess Crude Account (ECA) was $2.07 billion, dollars were less than N200, petrol was N87 per litre and most importantly, one bag of rice was N8, 500 and power generation was over 5,000MW when Buhari assumed office. “Today, power generation is less than 1,400, Foreign Reserve has reduced to $26.5 billion, the dollar is now over N350, petrol has increased to N145 per litre and one bag of rice is now over N15, 000! “I read the president’s speech and all that I saw was a president still sounding like he was campaigning for votes more than one year after winning an election. It is disappointing that the President’s speech was once again about promises, not about what has been done. “Not even a mention of one kilometre of road tarred by this administration, no single job was created except the ones created in Central Bank of Nigeria for their cronies and children, not a single megawatt of electricity generated. This is shameful. “The reward Buhari gave to Nigerians for electing him as president was to increase petrol pump price by N58.50 and get the Vice President, Prof Yemi Osinbajo to justify the increment by saying Nigeria was broke! “In other words, President Buhari increased petrol pump price because the country was broke and it needed to shore up its revenue base. The N58.50 added to the previous pump price of N86.50 was an Indirect Tax imposed on each litre of petrol purchased by Nigerians.”

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