Thursday, 13 September 2018

Economist Intelligent Unit Prediction on Buhari’s Re-election; PDP Hails Verdict As APC React


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The People’s Democratic Party (PDP) has hailed the position of the Economic intelligent unit, a London based economic magazine on its verdict on President Buhari’s re-election bid where it said the president may not win the 2019 election.
Recall that The Economist had in a report by its EIU Predicted that the people’s Democratic Party would win the 2019 election,  the HSBC also added that the second term coming  of president Mohammadu Buhari would stunt the economy of the country


In hailing the verdict, the People’s Democratic Party said the report had confirmed its position that Nigerians had rejected Buhari ahead of 2019 presidential election
The PDP said Buhari’s rejection was predicated on his alleged failure and the deception of the APC in the last three years.
The National Publicity Secretary of the party, Mr Kola Ologbondiyan, in a statement in Abuja on Wednesday said the findings by the two organizations that President Buhari stood no chance in the general elections and that his winning portended grave danger for Nigeria was in tandem with the stance of the majority of Nigerians.
He noted that Nigerians were fed up with Buhari due to his alleged incompetence and unprecedented corruption under his watch.
This, he said, had resulted in the ruining of the nation’s once robust economy, “with attendant mass job loss, ravaging hunger, starvation and disease, as well as escalated insecurity.”
“The world knows the reason the Buhari-led APC administration has resorted to harassment and vicious attacks on the opposition, assaults on the judiciary and the National Assembly, as well as an unrelenting machination to compromise the Independent National Electoral Commission to rig the elections.
“This is also the reason President Buhari rejected the amendment to the Electoral Act passed by the National Assembly, which practically checks all APC’s rigging strategies ahead of the 2019 general elections,” Ologbondiyan added.
He said the fear of imminent defeat was the reason Buhari was allegedly against the amendment that checked the use of underage voters, provided for online publication of voter register in addition to instant transmission of results from the polling to collation centres, thus eliminating interferences and planned alteration of results by the APC.
“Nigerians are aware that this APC and INEC have been conniving to secretly create 30,000 illegal polling units in remote areas, as well as registration of compromised observers to validate their machinations.
“Now that Mr President is aware that his approval rating among Nigerians and across the world has hit the rocks despite the many choreographed endorsement stunts by his handlers, the PDP urges him to rein in his lackeys, bury the idea of rigging the elections and get ready to accept an inevitable defeat.”
But reaction to all said, the All Progressives Congress said it party is rejecting what it described as doomsday prophecies 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.
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.”

Contact Editor@ urbanexpressnews@gmail.com

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