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Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP - Politics - Nairaland

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Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by another1: 6:08am On Aug 29, 2023
…says international firms leaving in droves, businesses collapsing, nation grinding to a halt

The Peoples Democratic Party, (PDP), has raised the alarm over what it described as President Bola Tinubu’s ill-conceived and hastily implemented economic policies which have imposed excruciating hardship on Nigerians and exacerbated the nation’s security problems.

The main opposition party equally alerted citizens that Nigeria is “asphyxiating, in dire straits and fast grinding to a halt under the Tinubu-led All Progressives Congress (APC), administration.”

National Publicity Secretary of the PDP, Hon. Debo Ologunagba, said this in a statement, in Abuja, on Monday.

He said, “The Party laments that Nigeria is at the edge of the precipice under the Tinubu-led APC hold which lacks the acceptability and followership of citizens; a situation that has created an atmosphere and feeling of absence of governance in the country.

“Our Party is alarmed that there is a serious disconnection between the government and the citizens arising from the ill-planned and hasty implementation of policies that have brought excruciating hardship, horrifying insecurity and a general sense of apprehension that is already threatening the peace, unity and corporate existence of our nation.

“The administration’s lack of ingenuity, tact and sensitivity towards the wellbeing of Nigerians in the removal of subsidy and floating of the Naira inflamed unbearable high cost of living, crippled our national productivity, crashed millions of businesses and sparked massive job loss with attendant escalated poverty, hunger, insecurity and hopelessness across the country.

“The situation has snowballed into a dangerous loss of investors’ confidence with international companies exiting our nation and leaving millions of Nigerians stranded in the labour market with crippling effect on Small and Medium Enterprises (SMEs) which are the real drivers of our national economy.

“It is horrifying that in the last two months, over 150 million Nigerians can no longer afford their daily meals with families now going to bed on empty stomachs.

“It is appalling that the APC government continues to tout their fraud-prone palliative program of a miserable average of 1,200 bags of rice to Nigerians in each State of the country.

“The APC has expanded its capacity to deceive and defraud Nigerians through phoney programmes; a situation that has heightened frustration across the country.

“Moreover, the PDP describes as distressing that the APC government had turned a blind eye to the plight of Nigerians with no concrete commitment towards the safety of lives of our citizens despite the killing of over 500 Nigerians in Plateau, Benue, Niger, Kaduna and other States of the federation, with many more abducted since May 29, 2023.”

The opposition party further said, “The failure of the APC government to decisively act since the abduction of eight corps members who were on their way to Sokoto State for their one-year mandatory national service is another ugly testament of the APC government insensitivity towards the security, safety and wellbeing of citizens.

“More disturbing is the recent downing of a Nigerian military aircraft with attendant loss of lives of our brave and gallant military personnel without a corresponding reassuring statement from the APC government.

“Currently, under the APC, life expectancy in Nigeria has plummeted. Citizens and residents live in constant apprehension and cannot move freely across the country for fear of being killed or abducted.

“Instead of protecting Nigerians, the APC government is desperate to plunge our nation into a needless war in Niger Republic over a conflict in that nation that does not constitute any threat whatsoever to our National Interest.

“Our Party is concerned that the general sense of despondency, anxiety, distress and disconnection in the country, if not urgently addressed, could deteriorate into a serious crisis.

“The PDP charges Nigerians to remain calm, law-abiding and continue to support one another in their quest for a secure and economically thriving nation.”

https://www.vanguardngr.com/2023/08/investors-losing-confidence-in-nigerias-economy-under-tinubus-watch-pdp/

3 Likes

Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by Deltafirstson(m): 6:09am On Aug 29, 2023
Pdp is absolutely correct.

21 Likes 4 Shares

Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by okosodo: 6:31am On Aug 29, 2023
G
Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by Betanaija42moro: 6:40am On Aug 29, 2023
I concur with PDP on this one. If something is not speedily done by FG more companies will end up leaving and unemployment will be on the rise.

20 Likes 1 Share

Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by Omnivalent(m): 6:40am On Aug 29, 2023
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Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by Ofunaofu: 6:40am On Aug 29, 2023
angry
Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by FunkeAyorinde: 6:41am On Aug 29, 2023
sad
Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by LOVEGINO(m): 6:41am On Aug 29, 2023
another1:
…says international firms leaving in droves, businesses collapsing, nation grinding to a halt



https://www.vanguardngr.com/2023/08/investors-losing-confidence-in-nigerias-economy-under-tinubus-watch-pdp/
lamenting is allowed.

2 Likes

Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by ecolime(m): 6:41am On Aug 29, 2023
PDP still dey exist?

They better apply to join LP.

5 Likes

Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by togifon: 6:41am On Aug 29, 2023
I won't want to invest in Nigeria as a Nigerian, the odds are stacked up against me

2 Likes

Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by accordadoga26(f): 6:42am On Aug 29, 2023
Hehehe..

Would you praise your political opponents before?


PDP has suddenly become Biafrans.

Their own wailing don pass Biafrans own.

How can Tinubu revive a dead country within 3 months? Is he a Magician? What would have Pànd.0rä or Atiku himself done better within 3 months?

11 Likes 5 Shares

Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by denzel231: 6:43am On Aug 29, 2023
Tinubu economics will fix it.. he did it in eko, hr will do it again 😆😂😆😆

1 Like

Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by Unperturbedpota: 6:43am On Aug 29, 2023
When I said this yesterday on this thread some low IQ nonentities were arguing with themselves .

https://www.nairaland.com/7819852/why-nigeria-no-longer-gaint

One thing I have noticed about the Yoruba Tinubu supporters is generally they are unintelligent and just uncivilised. When you counter points and show them factual stats they start to call you igbo and tell you all sorts of derogatory things.

These set of touts are all over the forum making up fake data and propaganda.🤣🤣🤣

They have nothing true to offer other than lies and to tell you to invest in Lagos and southwest?

Same country where there is no middle class and an alarmingly high level of poverty?.

They don't know foreigners are now wise and don't believe all the fake stats they published for years claiming Lagos had higher IGR and GDP than Kenya 🤣🤣🤣🤣🤣

The foreigners have come lost money , seen the truth and are running away in droves 🤔. Nigeria has no viable market other than oil and gas. There is no buying power amongst the citizens.

Nigeria is even in a worse condition than India before India got industrialization.

Is it not the same Lagos Glaxo , KLm, Nestle , Kellogs , Lego Epson Sharp etc and all other multinationals have run from?

Until Nigerian government faces reality and stops all this propaganda the country will not be fixed .

Lies can only take you so far. Why is flutterwave leaving Lagos and investing in kenya?

Or is it because they didn't publicize heir decision to relocate their head office to Kenya ?

This is why I don't argue with the thugs here. These ones don't even know what a JV is .they are mostly iliterates.

16 Likes 2 Shares

Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by Obainomilano: 6:45am On Aug 29, 2023
By the time ebola is done with the country even his agbadorian zombie supporters will have no agbado to put in their hungry retarded stomach

2 Likes

Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by tolue42(m): 6:45am On Aug 29, 2023
Liars!
Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by KingLennon(m): 6:45am On Aug 29, 2023
Which smart investor will want to invest in Nigeria? Whatever your policies are as a president, it must never affect the survival of your citizens....






In a sane country, the citizens will have started a revolt and kicked the president out by now sad

2 Likes

Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by karzyharsky(m): 6:46am On Aug 29, 2023
Chai
Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by Pwettylinda(f): 6:46am On Aug 29, 2023
Thiefnubuu has finished this country shocked shocked

2 Likes

Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by israelmao(m): 6:46am On Aug 29, 2023
Weak opposition party is speaking.PDP's presidential electoral was initiated and executed by itself.
Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by bigdammyj: 6:46am On Aug 29, 2023
Noted.
Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by Irupetepete: 6:46am On Aug 29, 2023
If na u nko?
To even borrow loan to fund any business as an sme now, you gatz think 4wice
Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by LaSenior: 6:47am On Aug 29, 2023
cheesy

This is no lie

The country is on a reverse gear, every country has whatever they are subsidizing for their citizens

Removal of subsidy will bite worse and worse and there is no two ways about it unless a functioning refinery is on.

Pay the subsidy for a period of 2years to sustain the economy then fix the refinery under the 2yrs gap as it stands now Nigerians Will buy fuel for N250per litre without complain


APC and Tinubu are the cause of the problems we are facing today they are the major cause of it, when goodluck wanted to remove subsidy for fuel to sell at 145 per liter they shouted scam Scam this was a point when the country's economy was booming but the demonic APC moved against it with their lies and deceits, today Mr druggie you are removing subsidy on an already brutalized dying economy no Matter the approach being used to curb this subsidy removal things will still fall apart CNG and LPG can't help this situation but a working refinery or a part time subsidy for a period of 2years to address this economic woes

NNPC needs to be investigated seriously

3 Likes

Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by finallybusy: 6:47am On Aug 29, 2023
Same old story.
Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by ronalmagic10(m): 6:47am On Aug 29, 2023
So this is what the once great PDP has been reduced to? Shame
Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by CalabarPikin: 6:48am On Aug 29, 2023
First class graduate of accounting cheesy cheesy

1 Like

Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by Irupetepete: 6:48am On Aug 29, 2023
Unperturbedpota:
When I said this yesterday on this thread some low IQ nonentities were arguin with themselves .

https://www.nairaland.com/7819852/why-nigeria-no-longer-gaint

One thing I have noticed about the Yoruba Tinubu supporters is generally they are unintelligent and just uncivilised. When you counter point and show them factual stays they start to call you igbo
they are paid bastards that have sold their generation's conscience for peanut.....
Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by LagosPrince: 6:48am On Aug 29, 2023
No be lie
Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by nautybride: 6:48am On Aug 29, 2023
Before nko! Should their investments be relegated to null before their very eyes?

I dislike people who can't make their points without insulting others. Everyone is feeling this economy but some feel it's by bullying and insults that will make a change.

To all those who keep dropping derogatory comments, I challenge you to drop alternative ideas to keep the nation moving.
Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by seguno2: 6:50am On Aug 29, 2023
another1:
…says international firms leaving in droves, businesses collapsing, nation grinding to a halt

https://www.vanguardngr.com/2023/08/investors-losing-confidence-in-nigerias-economy-under-tinubus-watch-pdp/

Bad news everywhere you look, because the incompetents swindled their way into office.

How do we get them out
Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by Microwhy: 6:51am On Aug 29, 2023
Diezeni comes to mind.
Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by Kojiek03(m): 6:52am On Aug 29, 2023
My confidence no dey again. Naija tire me

1 Like

Re: Investors Losing Confidence In Nigeria’s Economy Under Tinubu’s Watch — PDP by NaijaCover(m): 6:52am On Aug 29, 2023
Cha E

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