PDP to APC: Stop the blame game, your policies responsible for recession

The Peoples Democratic Party, PDP, has challenged the All Progressives Congress, APC, to provide solution to the worsening economic situation in the country, saying the faulty policies of the present administration, and not the Jonathan government, was responsible for the recession in the country.

In a statement reacting to the allegation by the Governor of Jigawa State, Abubakar Badaru, that the PDP administration was responsible for the present recession in the country, spokesman of the party, Prince Dayo Adeyeye, said the APC government should stop the blame game and come up with policies that will move the country out of recession.
According to Adeyeye, instances abound where great leaders take over countries at the time of recession or even war and turn the country around.
The statement read: “It is really disappointing that a notable personality as highly placed as a state governor could be drawn into making idle and pedestrian claims without the benefit of facts.
“It is either he does not realize the obligation of speaking responsibly in that position or he is grossly ill-informed; in which case, we could only try to put the facts before him, and hoping he would recognize them.
“In the first place, this blame is misplaced because our elementary understanding of economics teaches us that the major cause of recession is inflation and poor handling of the economy, given that the higher the rate of inflation, the more impoverished people become, industrial production and GDP decline resulting in massive job losses.
“Perhaps we should quote those who should know and tell Governor Badaru that wrong economic policies of the All Progressives Congress (APC)-led government caused the current stagnation and recession in the country.
“We make bold to tell Governor Badaru that Jonathan and the Peoples Democratic Party government saw this coming since 2011, and wanted to deregulate the sale of hydrocarbons in 2012, but Badaru and his co-travellers, who are now in the All Progressives Congress, APC, frustrated the effort.”