APC, PDP Disagree On Recession Exit

 APC, PDP Disagree On Recession Exit

The ruling All Progressives Congress (APC) and the opposition Peoples Democratic Party (PDP) have expressed divergent views on Nigeria’s exit from recession.

The APC, through its National Publicity Secretary, Bolaji Abdullahi, rejoiced over the disclosure by the National Bureau of Statistics (NBS) that the country has exited recession after five consecutive quarters of contraction.

The PDP, through its caretaker chairman, Senator Ahmed Makarfi, however, said statistics could be played around with and cautioned against playing politics with the issue.

Makarfi, who spoke with newsmen on Wednesday in Abuja, after inaugurating the caretaker committees for Adamawa and Osun states, dismissed the report that the country has finally exited from the recession, warning that statistics differ from reality.

But the APC spokesman lauded the administration of President Muhammadu Buhari on the economic recovery efforts which, he said, had started yielding fruits.

Abdullahi also thanked Nigerians for their patience, understanding and support for the President Buhari’s administration while the economy was in recession.

Commendably, the country’s exit from recession is in tandem with the current administration’s forecast that the country will experience economic growth in 2017. This is another demonstration that the President Buhari APC-led administration is one that keeps its promises.

Although there remains much more work to be done, we assure Nigerians that the administration remains focused on its effort to sustain the economy on the path of growth.

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