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BUHARI DOES NOT NEED EMERGENCY POWERS TO TACKLE ECONOMY [PRESS RELEASE]

The Democratic People’s Congress strongly opposes President Muhammadu Buhari’s Bill to the National Assembly seeking emergency powers to tackle economy now in recession.

Buhari claimed that the objectives of the emergency stabilization bill 2016 are to shore up the value of the naira, create more jobs, boost foreign reserves, revive the manufacturing sector and improve power supply.

These are exactly the economic issues Nigerians voted President Buhari to effectively tackle with the executive powers conferred on him in the 1999 constitution as amended.

Unfortunately, instead of taking governance seriously and diligently handle these and other crucial national issues, the APC-led Federal Government from the outset started playing to gallery and exhibited leadership fatigue to the shock of long-suffering Nigerians who expected change in their standards of living.

Any attempt to give Mr. President more powers will lead to tyranny and autocracy which is unacceptable in a democracy. Buhari did not seek extra power to crush Boko Haram insurgency and will not need emergency powers to revamp the economy.

DPC has repeatedly called for an economic team made up of eminent Nigerians to proffer solutions to the dwindling economic fortune of the nation. Instead of doing this, the Buhari government derailed and allowed itself to be distracted by intra-party war over the leadership of the National Assembly etc. it took the government almost what seemed like eternity to constitute the Federal Executive Council and present the 2016 budget with its purported padding.

To make matters worse, the Central Bank of Nigeria has been having a field day with its policy sommersaults that have confused local and foreign investors. Today the dollar is sold for N402.00.

DPC calls for the immediate sack of the Minister of Finance and the CBN Governor. They are clueless on effective strategies to revamp the economy.

The Government should sit up and do the right thing. Diversification of the economy is critical for the survival of our frail democracy and it starts with sound economic policies and actions.

 

REV. OLUSEGUN PETERS
National Chairman, DPC

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