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Tinubu, Bola

PDP Slams Tinubu's Administration as a 'Massive Disappointment'

Strategic Insights

— 1 min read

The Peoples Democratic Party (PDP) has launched a scathing attack on President Bola Tinubu's administration, accusing it of inflicting hardship on Nigerians through poor economic decisions, worsening insecurity, and unchecked corruption. The opposition party claimed that the last 24 months under the All Progressives Congress (APC) government have been 'nightmarish', with millions of Nigerians 'going through hell' under what it called an 'insensitive' and 'anti-people' regime.

Key Takeaways:

  • The PDP accused President Tinubu's administration of making poor economic decisions, including the removal of petrol subsidy and unification of exchange rates, which have plunged the country into deeper crisis.
  • The opposition party claimed that the Naira has depreciated from N167 to a US Dollar under the PDP to over N1,600 under the current administration.
  • Inflation is near 40%, youth unemployment has crossed 42%, and Nigerians are facing an acute food shortage, according to the PDP.
  • The party accused the administration of gross negligence in the area of security, claiming that more than 600,000 Nigerians have been killed by terrorists and bandits since May 2023.
  • The PDP also accused the administration of reckless foreign borrowing, citing Nigeria's debt profile, which has reportedly ballooned to N182.91 trillion.
  • The party warned President Tinubu against using his second anniversary to deliver 'rhetoric and false performance claims', urging the president to instead 'redeem his image' by urgently addressing insecurity, reversing harmful policies, and bringing in more competent hands to manage the economy.

Statistics:

  • Naira exchange rate: N167 to a US Dollar under the PDP, now over N1,600 under the current administration.
  • Petrol price: N87 per litre under the PDP, now over N1,000 under the current administration.
  • Inflation rate: near 40%.
  • Youth unemployment rate: crossed 42%.
  • Number of Nigerians killed by terrorists and bandits since May 2023: over 600,000.
  • Nigeria's debt profile: N182.91 trillion.
  • Requested loan amount: $24.14 billion (about N38.24 trillion).

Sources:

  • PDP statement signed by PDP National Publicity Secretary, Hon. Debo Ologunagba.
  • Original text.

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