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: 1,314


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...
2019: We must encourage new generation to take...

N344b cash: Kogi APC stakeholders reject Bello for...

Police nab four suspected armed robbers, recover guns...

Daura’s daughter reveals other side of Aisha Buhari...

Battle rages over Magu’s fate as EFCC chairman...

Kogi borrowed billions from banks — despite Paris...

Your dressing attracting rapists, CAN cautions women

Nigeria police arrest fake currency note producer

Atiku’s partner, Volpi breaks silence on Intels’ face-off...

Appeal court reinstates Nigerian doctor after manslaughter conviction...

Militia attacks Taraba community, kills 15

FG freezes Sahara Reporters’ bank account

 

Latest News Post-Coronavirus, Africa’s Manufacturing Moment – By Muhammadu Buhari Nigeria’s COVID-19 cases exceed 9,000 as Lagos records 254 new cases Akinwumi Adesina, AfDB President, responds to allegations against him Coronavirus: Monkeys 'escape with COVID-19 samples' after attacking lab assistant Nigeria’s economy sliding into depression – El-Rufai Police rescue three kidnap victims, kill one suspect, arrest another AfDB: Obasanjo, Jonathan, ex-African presidents oppose US, endorse Adesina Murder: Court jails six NAF personnel attached to ex-CDS, Badeh NTA Manager News kidnapped, NAWOJ calls for immediate release Ekweremadu faults Executive Order on Financial Autonomy for State Judiciary, Legislature IG redeploys 11 Commissioners of Police Buhari splits Police Force CID, approves additional commands

 

Most Read I’ve no Coronavirus, govt wants to kill me – Anambra Index case (32,471 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (25,330 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (17,133 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (16,835 views) ASUU strike: Senate intervention ends in deadlock (15,995 views) All you need to know about Peter Obi, PDP VP Candidate (15,405 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (14,910 views) Sickle cell support group seeks government intervention (13,993 views) Ebonyi bans embalming of corpses in homes (13,754 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (13,039 views) France wins 2018 World Cup Final (12,442 views) The Big Kick-off: World greatest sports fiesta begins in Russia (12,390 views)

 

SECTIONS EDITORIAL (10) NEWS (2,652) POLITICS (443) SOCIETY (118) SPORTS (27) BUSINESS (305) HEALTH (37) EDUCATION (30) ENTERTAINMENT (18) INTERNATIONAL (64) TECHNOLOGY (1) COLUMNISTS (0) LETTERS (1) OPINION (20)

 

 

Julius Agwu - Crazy Interview Demands