OPINION

PMB, Recession And The Delude Of Dazed Opposition

The global standards for gauging a virile Opposition is constructive criticisms and useful engagements. The voice of the Opposition is respected, where it sets aside sentiments, pettiness and propaganda in times of national emergencies to join hands with government in order to solve problems. After this order was the opposition in the First Republic.

Alas, the case is not the same with the disgruntled opposition in Nigeria today, as they, out of desperation tries to make issues or political gains out of everything. In their usual characteristics of concocting and spewing lies, the opposition has seek to mislead Nigerians on the true state of the current round of recession the country found itself. It is a know fact today, that over 40 countries are currently in recession, including some advanced economies.
This is exacerbated by the lockdown effects of the COVID-19 pandemic.

Hence, for the Peoples Democratic Party, PDP, and former Vice President, Atiku Abubakar, to ask President Muhammadu Buhari and the All Progressives Congress, APC, to accept responsibility for the state of the economy and the current economic recession is laughable, preposterous and silly.

Instead of commending President Muhammadu Buhari and his team of competent and indefatigable appointees for working round the clock to maintain economic stability since COVID-19 pandemic broke out, the opposition, who are idle but at the same time enjoying their loots find it convinient for heap every blame on the Buhari led government.

Where opposition is worth its salt, it is supposed to reach out to government in synergy on the best strategy to tackle the recession. Incase, the lackadaisical opposition have forgotten, they left an economy that is wholly dependent on oil. They should also note that President Buhari has thrown everything to the works to reverse this trend by diversifying the economy to Agric based.

The opposition may not also be aware that the COVID-19 pandemic has devastated the global economy, leading to adverse effects on the demand and prices of crude oil in the international market, which for now is the mainstay of the Nigerian economy. Thank God that President Buhari is reversing this trend.

In the face of devastated global economy, due to effects of COVID-19 serious oppositions in other countries are making frantic efforts to put the systems in order, for the benefits of the country. But opposition in Nigeria are doing everything to demonise the government. Should politicking be the priotirity in times of national emergency such as this? If the opposition truly love Nigeria, shouldn’t it join hands with the government to salvage the situation? Oppositions needs to be fair to President Buhari and stop demonising his government for cheap political point.

The only thing that appeals to their ants infested ears is bad news about Nigeria. If not, what can be more soothing than the assurance by the Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, who on Monday, said the country will exit recession by the first quarter of 2021 as the Nigerian government is working towards reversing the declining economic trend in the country?

Economic experts has also lend their voices on the leeway out of the recession. They have advised government to, as a matter of policy and action, diversify Nigeria’s economic structure away from primary products export and manufactured goods import, as well as deepen the value chain approach to agriculture if it must exit the current recession. This prescriptions is in tandem with the policy focus of President Buhari. Besides, the predident is frontally tackling cases of insecurity around the country to ensure peace and stability and improved investment climate in post COVID-19 era.

The PDP had claimed that “the economic recession Nigeria faces today is a fallout of President Buhari and APC’s restrictive, vindictive and anti-trade policies, bizarre foreign exchange controls and monetary policies that impede growth, an over-bloated public sector that encourages waste and incurable corruption, reckless treasury looting and failure to decisively deal with the escalated insecurity, which has destroyed economic activities in most parts of our country.”

Needless to answer the PDP but suffice it to say that the party is shameless. What is the PDP taking Nigerians for? Which insecurity? The one they caused and left it for President Buhari’s administration to tackle? Laughable of all is the PDP describing President Buhari’s government as incurably corruption, reckless treasury looting. Who else did not know that the PDP squandered Nigeria’s patrimony, when Crude Oil was selling for above 100 dollars?

Recession is a period of significant decline in activities across the economy characterised by low industrial production and manufacturing, high inflation, rising unemployment, falling purchasing power, low fiscal spending, as well as poor consumer spending, among others. These are the more reasons why the opposition should hold its peace and allowed the government to concentrate on fixing the problems. These are not insurmountable, President Muhammadu Buhari led government has done before in 2016, and will yet do it again.

My appeal to Nigerians of goodwill is to disregard the destructive antics of the opposition and support government to once again waggle Nigeria out recession.

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