Fact Is: APC Has Shrunk Our Economy Considerably Since 2015

Senator Gershom Bassey, representing Cross-River South senatorial district and one of the key founding members of the Peoples Democratic Party, has in a interview with Johnbosco Agbakwuru said that Buhari’s administration has shrunk the economy considerably since 2015. In his words, the Buhari led administration inherited a robust economy which was the largest in Africa before 2015 but has shrunk considerably in the present administration.

The interview:

HAS the APC Federal Government done well after two years?

Well, they have tried their best, let me put it that way. But I think that Nigerians want a bit more than that, so far, they have done their best, but they need to do much more because Nigerians voted for more and deserved more and the APC promised more. So, I don’t think they have met the expectations of Nigerians.

How do you compare the performance of the APC to that of the last PDP administration after two years?

Well, look, APC inherited the largest economy in Africa, today we are no longer the largest economy in Africa. You can give whatever reasons that you like, but it is incumbent on the APC to ensure with all its election promises that we return and surpass the level we are now.

Are you insinuating that APC has shrunk the fortune of the economy of the country?

Of course. Have you not seen it? Are we not in a recession? The economy that the APC met has shrunk. It is not as large as it was when the APC met it. I have seen their recovery plan, so, I expect that the APC has to do everything in their power, to ensure that they return Nigeria to be the largest economy in Africa. I don’t want to go into details. They were bequeathed with a large economy; they should return us not the same size but the largest economy in Africa, it should be even bigger than the one they met.

What do you think was responsible for the recession in the country?

I think it is self-inflicted. I think that there are mistakes we made in the management of our economy by this administration. The previous administration left the largest economy in Africa even with all the problems that we have identified in the previous administration, they still left Nigeria as the largest economy in Africa with all the problems. Now, this present government says it doesn’t have those same problems, and yet the economy is shrinking. So, they need to do something to return us to our former level.
…culled from Vanguard.