Kachikwu laments state of economy, blames APC mismanagement

Kachikwu laments state of economy, blames APC mismanagement

For the All Progressives Congress (APC); or the People’s Democratic Party (PDP) to extend their hold on power during the general elections of 2023; according to African Democratic Congress (ADC) presidential candidate Dumebi Kachikwu, would be “inhuman, unholy, wicked, and disgusting.”

At the same time, he advised Nigerians not to support the PDP or APC; claiming that both parties have made matters worse for the country’s citizens.

In a statement released by his campaign office in Abuja, on Sunday, September 25, 2022; Kachikwu said that the two parties have mismanaged the nation for the past 20 years; leaving Nigerians severely poor and elevating the nation to the title of “poverty capital of the world.”

He said that the two parties are synonymous with greed, avarice, corruption, and cluelessness; therefore, should no longer be entrusted with the task of managing the rich human and material resources of a potentially great country like Nigeria.

Further, he bemoaned the fact that the nation has continued to trail behind in all development metrics since 1999; particularly when the PDP came to office and held it until it was replaced by the APC in 2015.

In addition, Kachikwu charged that both parties were responsible for the collapse of the economy; as well as the impoverishment of Nigerians, whose daily living conditions were getting worse and worse.

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Kachikwu said: “Today, the inflation rate has rallied to a 17-year high of 20.5 per cent up from 8.06 per cent in 2014 before the APC took over the reins of power at the centre in 2015, notwithstanding the humongous debt the party has amassed for the country through reckless borrowing.

“This rate of inflation simply means that the average Nigerian cannot afford their basic daily necessities; like three square meals due to skyrocketing food prices and other essential services like healthcare and education for their children.

“While the cost of diesel and petrol are at an all-time high, thus leading to phenomenal increases in transportation cost with its concomitant negative effect on rising prices of goods and services, yet the minimum wage remains a paltry N30,000 per month, a far cry when compared with the jumbo pay of present political office holders.

“The APC administration led by President Muhammadu Buhari like its predecessor has shown great incompetence and cluelessness in prosecuting its three-pronged agenda, namely: Security, Economy, Anti-Corruption.”

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