The Peoples Democratic Party (PDP) has described the Independence Dat speech by President Muhammadu Buhari as a litany of false claims and empty assertions.
In a statement by its spokesperson, Kola Ologbondiyan, the PDP stated that hard economic reality shows that the nation has become more economically disadvantaged Buhari.
The PDP said: “Perhaps, Mr. President needs to be reminded that his new Minister of Finance, Zainab Ahmed, had last month alerted that the nation was facing serious revenue challenges under him, while the Central Bank of Nigeria (CBN) expressed fears that our country is sliding further into recession due to his poor implementation of 2018 budget.
“In his false economic assertions, President Buhari deliberately failed to mention that his administration has returned our beloved country to a debtor nation by accumulating over N22.4 trillion debt through which he had mortgaged the future of our country.
“Mr President also failed to respond to the fact that his harsh economic policies and demarketing tendencies, has caused a dearth in local and foreign direct investment, leading to over 30 million job losses as detailed by independent surveys including those by the National Bureau of Statistics (NBS).
“Similarly, Mr President failed to state that due to his incompetence, the naira has fallen from the N165/1USD he met in 2015 to N360 to 1USD. He had no words for the increase in the price of fuel from N87 in 2015 to N145 as well as the hike in the prices of staple foods and essential commodities in Nigeria under his misrule.
“Furthermore, President Buhari claimed that under his administration, corruption, including brazen theft of billions of naira and shady oil deals have become a thing of the past. Perhaps, Mr President forgot that the latest corruption perception index released by Transparency International (TI), which saw our nation moving 12 places down the red line, shows that corruption has increased under him.”