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ECONOMIC CRISIS: NIGERIAN PRESIDENT REJECTS OPPOSITION CALLS FOR HIS RESIGNATION

The spokesman for Nigerian President Muhammadu Buhari has rejected calls by the main opposition People’s Democratic Party (PDP) to resign following the current economic crisis Nigerians face.

Presidential spokesman Shehu Garba said Buhari is not to blame for the economic crisis. He predicted that measures the government has implemented would soon reverse the country’s economic outlook.

“The economy had been racked over the years by massive corruption and lack of productivity,” said Shehu.

“The collapse of the oil prices came hard on the Nigerian economy, and the ongoing sabotage of oil installations by the militants in the [Niger] Delta, which has cut oil output by nearly 60 percent. So, all of these coming together, obviously have their implications [on] the overall performance of the economy.”

The PDP said Buhari’s ineffective economic policies have plunged the country into the current economic crisis Nigerians face. The opposition party also said Buhari’s government incompetence on dependence on oil and failure to diversify the economy are to blame for the poor economic outlook.

The PDP said Buhari should resign immediately if he is unable to reverse what the party called the disastrous economic decline.

The National Bureau of Statistics officially confirmed that the country is in recession, adding that the Gross Domestic Product contracted by 2.06 percent.

Source: NAM NEWS NETWORK