The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has alleged that the administration of President Muhammadu Buhari was more interested in hounding perceived enemies rather than boosting the depleting Foreign Direct Investment coming into the country.
He made this allegation in a statement shared on his verified Twitter handle, where he expressed his sadness at the report that Ghana had overtaken Nigeria as the highest recipient of FDI in West Africa.
He said, “It is with a very heavy heart that I received the news that the Republic of Ghana has overtaken our dear nation as West Africa’s largest recipient of foreign direct investment.
“Sadly, this unfortunate economic indicator has escaped the attention of the current administration, who are more interested in hounding real and imagined opponents, like the Chief Justice of Nigeria and many legislators, than in addressing the rapid economic decline Nigeria is witnessing under their watch.”
He added that in 2013, while the PDP was in power, Nigeria emerged the highest recipient of FDI in Africa.
“For all the years that the Peoples Democratic Party governed Nigeria, including the eight years of which I was Vice President, Nigeria always set the pace for Africa in terms of foreign direct investment and became the number one recipient of FDI in Africa in 2013 under a PDP administration. In that year, we also became Africa’s largest economy, thanks to the PDP’s leadership,” he said.
He revealed that as a businessman and employer of labour, he was disappointed that a nation with 15 per cent of Nigeria’s population could outperform the country in terms of FDI.
He described the scenario as an an economic emergency that must be addressed.
The statement read in part, “I foresaw this happening, which is why I was in the United States last week to get foreign investors who have been divesting from Nigeria, to return their investments. Prior to my US trip, I had undertaken similar missions in Europe and the Orient.
“It is of particular importance to understand why Nigeria has become an economic pariah under the present administration leading to us becoming the world headquarters for extreme poverty. When you have a leader who habitually travels abroad to de-market his own nation and its economy, things like this are bound to happen.
“It is further exacerbated when that same leader stubbornly blames his predecessors for problems he caused, while at the same time taking credit for achievements and progress initiated and delivered by those same leaders he makes a habit of denigrating.
“Economic challenges will bow only to proper agenda. Propaganda has no effect on them and will only make a bad situation worse, as we see today.
“Therefore, I solemnly declare to Nigerians, that if I am elected President on February 16, 2019, I will be Nigeria’s Chief Marketing Officer, and will never speak ill of our economy, our polity and our youths. My utterances, both at home and abroad, will be used to lift Nigeria’s economy because Atiku means JOBS.
“I, therefore, make this promise to all Nigerians, elect me, and I assure you the good people of Nigeria, that we will regain our status as Africa’s top recipient of FDI,” the statement concluded.
– Jan. 23, 2019 @ 01:22 GMT |