The spokesman of the Peoples Democratic Party’s (PDP) caretaker committee, Dayo Adeyeye, in a statement issued in Abuja on Wednesday, asked President Muhammadu Buhari to step down with immediate effect.
Referring to the statement “recession is a word”, credited to Kemi Adeosun, minister of finance, Adeyeye said: “Is this statement as a result of ignorance, lack of patriotism or in line with President Buhari’s comment that his ministers are noise makers?
“For the record, recession is characterised as a period of negative economic growth for two consecutive quarters, giving rise to high rate of unemployment, fall in output, increase in government borrowing, etc.
“Following this understanding, Nigeria’s economy is already near depression. The crass ineptitude and lukewarm attitude of this All Progressives Congress government is no longer tolerable, and therefore, we are calling on President Buhari and his team to return Nigeria to its state of booming economy before they assumed office in May, 2015, and then quit immediately to allow other capable leaders recover our ailing economy.”
Adeyeye said about three airlines, local and international, and some banks, have suspended operations and sent their staff on indefinite leave due to poor state of the economy.
