APC fires back at The Economist, HSBC for predicting Buhari’s defeat

By Editor on 13/09/2018

Share on facebook Yahoo mail icon Gmail icon

Views: 362


The All Progressives Congress (APC) has rejected insinuations by two British-based institutions about Nigeria’s economy and the 2019 presidential election.

The APC position was contained in a statement by its acting National Publicity Secretary, Yekini Nabena, in Abuja on Wednesday.

The statement was the APC’s response to reports by The Economist Intelligence Unit, the research unit of The Economist, and a multinational banking and financial services company, HSBC.

The Economist had in a report by its EIU predicted that the Peoples Democratic Party would win the 2019 presidential election.

The HSBC also said the second term of President Muhammadu Buhari would stunt the economy of the country.

But Nabena said the reports were nothing but the usual doomsday prophesies about Nigeria, which had serially proved false, deceptive and unreliable.

The statement read in part, “The All Progressives Congress urges Nigerians to regard these ‘expert analyses and prophecies’ for what they are and dismiss them accordingly.

“We should remember similar prophesies and analyses about the political situation in Nigeria made some years back by similar Western institutions.

“It was prophesied that Nigeria would collapse in 2015, resulting in some ethnic nationalities going their separate ways.

“Here we are, nearly four years after the doomsday prophecy; the Nigerian federation rather than collapse is waxing stronger with President Buhari administration striving to unite the country and consolidate positively on the strength of our diversity.”

The party wondered why it was only negative reports that The Economist, HSBC and similar institutions had about Nigeria.

It added that the two institutions did not see all the positive impacts that the APC administration was making in relation to ongoing economic reforms, fight against corruption, infrastructure drive and counter-insurgency.

The APC listed some of the recoveries made from officials of the immediate past administration by the Economic and Financial Crimes Commission as well as increases in remittances by public institutions such as the Joint Admissions and Matriculation Board and the Federal Inland Revenue Service as evidence of the Buhari-led administration’s success in transparency.

In a veiled reference to the ex-minister of Petroleum Resources, Mrs Diezani Alison-Madueke, the statement read, “A former minister in the immediate-past administration who is resident in the United Kingdom is alleged to control enough corruptly-obtained assets whose value if put to productive use could have employed thousands of Nigerians.

“How much of this loot has the United Kingdom, the base of these experts, returned to Nigeria? Of course, these experts are conveniently oblivious of these and many similar cases.

“Rather than consider the plight of Nigerians and campaign for the return of the stolen funds, these institutions have chosen to dissipate energy spewing doomsday prophecies on Nigeria.

“We advise these economic experts to focus on their pressing domestic issues and ponder, for example, on the important question of the role Britain will play in the world, post Brexit.”

Posted 13/09/2018 07:23:22 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
Why I paid Obasanjo a visit –Bukola Saraki...

PDP blasts Buhari’s aide, Garba Shehu, says his...

EFCC slams President’s aide for linking it to...

Ganduje demands apology from Kwankwaso over comments on...

My greatest achievement as musician – Flavour

What God told me will happen to Nigeria...

Ekwueme buried in Anambra

Enugu Guber Tussle, CCT Trial: Ekweremadu congratulates Ugwuanyi,...

I didn’t hire thugs to stone Aisha Alhassan’s...

Abacha loot: FG confirms recovery of $322.51m from...

Buhari’s government full of lies, propaganda – Jonathan...

Kogi East: Court sacks Senator Aidoko, declares Alfa...

 

Latest News 2019: World leaders have little regard for Buhari – Saraki Kogi Gov’s Convoy in Auto Crash CJ Directs Judges to Conclude Pre-election Cases by October 2019: APC chieftain dares Buhari, declares support for Atiku at PDP secretariat Ekweremadu’s Constituents Carpet Buhari’s Aides over senatorial seat Drama as APC chieftain defects to PDP, places curse 2019: Dogara defects, picks PDP forms INEC denies plans to postpone 2019 elections Buhari assures on new minimum wage as workers threaten strike APC fires back at The Economist, HSBC for predicting Buhari’s defeat Army, others in show of force over IPOB sit-at-home order 2019: I’m seeking re-election to protect Nigeria – Buhari

 

Most Read NAFDAC eases processes, cost of registering products for MSMEs (6,698 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (5,052 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (4,892 views) IPOB: ‘We need urgent clarifications on Nnamdi Kanu’s status, whereabouts’, UK Govt tells FG (4,366 views) ASUU strike: Senate intervention ends in deadlock (4,273 views) Ex-governor Adebayo, Keyamo, Arise, others get board appointments (3,567 views) Nigeria ripe for Restructuring Now – Nwodo in Chatham House (3,312 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (3,276 views) Anambra: INEC releases 37 candidates for Nov poll (3,244 views) Quit notice: Kaduna Govt obtains bench warrant against Northern youths (3,243 views) Buhari has disappointed Nigerians – Arewa Youth Forum (3,240 views) Prince Arthur Eze canvasses support for Buhari, Ugwuanyi (3,059 views)

 

SECTIONS NEWS (439) EDITORIAL (5) POLITICS (330) SOCIETY (102) SPORTS (12) BUSINESS (194) HEALTH (16) EDUCATION (14) INTERNATIONAL (30) ENTERTAINMENT (7) TECHNOLOGY (1) COLUMNISTS (0) LETTERS (0) OPINION (8)

 

 

Julius Agwu - Crazy Interview Demands