A chieftain of the Peoples Democratic Party, Alhaji Buba Galadima, has claimed that Nigeria recently experienced economic recession because President Muhammadu Buhari’s body language and pronouncements scared foreign investors away,
He also said the presidential candidate of the PDP, Alhaji Atiku Abubakar, had the capacity to fix the nation’s economy and rescue it from recession.
He said, “I do not accept the defence of this administration that we found ourselves in recession because somebody else mismanaged the economy.
“The truth is that, by his body language and pronouncements, Buhari scared foreign investors who began to withdraw their money from the stock market.
“They were so much in a hurry to leave that they were ready to buy the dollar at any price. That is what caused the recession.
“Because of that, insecurity has spread to many other parts of Nigeria, including Zamfara, Plateau, Benue, Taraba and all the way to Kogi where people cannot sleep with their two eyes closed.”
Galadima, who is one of the spokespersons in the PDP Presidential Campaign Council, stated these in Abuja on Friday during the unveiling of a new book entitled: “Atikunomics – The Economic Pillar for a New Nigeria”, written by a journalist, Victor Emeruwa.
He described the book as a window into the thinking of how Atiku would achieve reformation and restructuring of the country.
According to him, the book will give Nigerians an insight into Atiku’s economical thinking and how he will pull Nigeria out of its present economic and developmental crises.
Galadima added, “There was a time when robbers used to steal cars, then we brought technology and we were able to track the movement of the cars. You will agree with me that such methods of robbery has greatly reduced because of the deployment of technology.
“This is the same way Atiku is going to use knowledge and technology to take Nigeria out of recession because the people there have no idea about how to run a modern economy and they did not find it expedient to appoint any known economic adviser.”
Emeruwa said he was motivated to write the book to tell Nigerians how the economy was restructured during the regional governments and how Nigeria could return to the glorious days through a genuine economic restructuring.
He said the present government’s economic policy has failed the country, adding that there had never been anytime in the history of the country when Nigeria’s economy was among top three in Africa