BUSINESS AND ECONOMYPOLITICS

Deregulation: Obasanjo, Atiku institutionalised national rot, APC tells Nigerians

The All Progressives Congress (APC) has asked Nigerians to ignore former President Olusegun Obasanjo, his former Vice President Atiku Abubakar and other Peoples Democratic Party (PDP’s) elements who allegedly midwifed national rot.

The APC said it is baffling that the same political actors that midwifed and institutionalised the national rot, corruption, impunity and eroding of value systems are the same posing as voices on the way forward in the country’s national life.

In a statement signed Sunday in Abuja by the Deputy National Publicity Secretary of APC, Yekini Nabena, the party said while it is within the rights of these political actors to write “skewed letters, spew empty, hypocritical, tongue-in-cheek and two-faced economic magic models in line with their Dubai meeting strategies, this administration is walking the talk with verifiable projects and people-centred interventions that is uplifting Nigerians.

“Former President Olusegun Obasanjo could start with telling us where the electricity is despite $16billion he spent on the power sector.

“Obasanjo’s deputy, Alhaji Atiku Abubakar should account for the privatisation exercise under his watch which saw national assets sold off to friends and cronies with no benefit to the country. Successive Peoples Democratic Party (PDP) administrations can also start by accounting for the trillions stolen from our national coffers in the guise of a fraudulent fuel subsidy regime.

“These political actors probably only listen to their own voices because Nigerians have long stopped taking them seriously as they simply lack the antecedents and moral credentials to guide Nigeria and Nigerians to the path of prosperity and progress.

“Instead of the “‘do or die’ lingo they introduced to our electioneering, votes are beginning to count as our elections improves steadily. Their abandoned projects which constituted drainpipes on national resources are being completed by this administration. The brazen culture of impunity and corruption which they institutionalised is being replaced by strong and accountable systems. The culture of roundtripping and the rested subsidy regime in the petroleum sector has been replaced by a deregulated and accountable petroleum pricing template. Instead of plotting how to sell of national assets, particularly the NNPC to friends, this administration is reforming public sector operations to ensure optimised service delivery.

“We are gradually eating what we grow. Our national emergency health response has earned global accolades and recognition as displayed by our COVID-19 response. Our defence capacity to respond and contain emerging security challenges is now tested and proven. How did Nigeria achieve this? A strong, people-centred and focussed leadership which the President Muhammadu Buhari-led APC administration provides.”

Reacting to the ongoing debate on the removal of fuel subsidy, APC said “genuine patriots, reputable groups and organizations who are making honest contributions on the deregulation of electricity and petrol prices already see the decision as inevitable and the way to go.

“As it stands, Nigeria will save as much as one trillion naira ($2.6 billion) following the deregulation of the petroleum sector, the Petroleum Minister of State Timipre Sylva has stated.

“Nigerians trust that the freed up cash will be accounted for and be judiciously invested to develop other critical areas such as infrastructure, health care, education among others.”

About author

Articles

A prolific writer of about two decades standing experience
Related posts
BUSINESS AND ECONOMYNEWSPOLITICS

Breaking: Attacks on Lagos State targeted at weakening South West economy – Governors

By Babalola Seyi, Lagos The attacks on public infrastructure and private businesses across Lagos…
Read more
POLITICS

Just in: South West Govs, Ministers pay condolence visit to Sanwo-Olu

South West Governors, accompanied by three Ministers, on Sunday paid a condolence visit to Lagos…
Read more
BUSINESS AND ECONOMY

CBN sets to assess banks over looting

The Central Bank of Nigeria (CBN) is set to carry out an assessment of banks following a series of…
Read more
Newsletter
Get latest news update now

Sign up for News headquarters Daily Digest and get trending updates tailored for you now.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.