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APC, PDP, LP Chieftains In Heated Debate Over Nigeria’s Economic Woes

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Tanko Yunusa, Niyi Akinsiju and Ilemona Onoja on Channels Television’s Politics Today programme on December 7, 2022

Chieftains of the All Progressives Congress (APC), the Peoples Democratic Party (PDP) and the Labour Party (LP) were engaged in a heated debate on Nigeria’s crippling economy and dwindling fortunes on Wednesday.

LP’s spokesman Tanko Yunusa, Niyi Akinsiju of the APC and Ilemona Onoja of the PDP clashed on Channels Television’s Politics Today.

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Akinsiju said the President Muhammadu Buhari administration in May 2015 inherited debt from the PDP government of 16 years but the APC government has been able to deliver despite fall in the price per barrel of crude oil.

READ ALSO: INEC Debunks Viral Video On Voter Identification Number

On the other hand, Onoja said the PDP handed over an economically stable country to the APC than it inherited from the military but the APC has bastardised the Nigerian economy.

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However, Yunusa concluded that the PDP’s failure gave the APC a chance in 2015, adding disappointingly that the APC has doubled the mismanagement of the country in the last seven and a half years since it has been in government.

Since Nigeria’s return to democracy in 1999 after years of military rule, the PDP has produced three Presidents (Olusegun Obasanjo, Umaru Yar’Adua and Goodluck Jonathan) for a cumulative period of 16 years. The APC took over in May 2015 with the election of Buhari, a former military head of state.

‘PDP Left A Hollow Economy’
Akinsiju, a member of the APC Presidential Campaign Council for Bola Tinubu and Kashim Shettima, insisted that the Buhari government has not done badly, noting that Tinubu and his running mate will consolidate on the economic gains of the present administration if they win the February 25, 2023 presidential election.

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According to him, PDP left a hollow economy when Buhari came into power in May 2015 but the incumbent has managed to stabilise the economy.

“When this party (APC) came into government, the PDP left a hollow economy, a hollow government and because we have a Buhari in place, we stabilise the economy.

“We are at 21.09% inflation and we met 9.6% but there was no COVID-19 pandemic in 2005 August when we recorded the highest possible inflation rate in this country – 28.21%…And we are talking at a time when the price of crude oil per barrel was moving up. In 1999, it was $19/barrel. By 2005, it had moved up to more than $60/barrel.

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“We are managers of an economy that is impacted by global headwinds and there is little we can do than to adapt and deploy our own creativity and we have been able to do that since 2015 when we inherited $63bn debt from the PDP government. Today, we are talking about $102bn debt all put together. Please, subtract $63bn from that debt,” he said.

This combination photo shows the Presidential candidates of the Labour Party, Mr Peter Obi (L); All Progressives Congress, Mr Bola Tinubu (C); and Peoples Democratic Party, Mr Atiku Abubakar (R).

READ ALSO: Nigerians In Diaspora Sue Buhari, INEC, Ask High Court To Stop 2023 Elections

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APC, A Monumental Failure – Atiku’s Man

Onoja, a member of the Presidential Campaign Council for Atiku Abubakar and Ifeanyi Okowa, however, disagreed with Akinsiju, saying the APC has been a party of sorrow, pain and confusion marred by maladministration and bad governance.

He also faulted the cash withdrawal limits of the APC government amid the implementation of a currency change, saying the policy is doomed to fail, lead to job loss and throw several millions of people into poverty.

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“In 1999, Nigeria’s GDP growth was 0.9%. 2000 – 5%. 2002 – 15.3%. This economy grew under Alhaji Atiku Abubakar as chairman of the National Economic Council. For the APC for seven and a half years, we are talking 3% growth that your population growth outstrips. How? In their (APC’s) private moment, the failure that keeps them up at night is so monumental.

“The PDP handed over to the APC a much better country than it inherited from the military. And what has the APC done to that country? It has bastardised it, ripped it to shreds, taken food out of the mouth of our children, taken education from our youths, has taken safety and security from our parents, and has taken healthcare from all of us,” he said.

APC, PDP Are Siamese Twins – Obi’s Ally

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On his part, Yunusa, the chief spokesman for the 2023 campaign of LP’s Peter Obi and his running mate, Datti Baba-Ahmed, said both the PDP and the APC are Siamese twins when it comes to economic failure and maladministration.

If the PDP has done so well during its eight years, the APC won’t have come to defeat it. It is because of the mismanagement of resources that we have that time. The APC has come up and doubled the mismanagement.

“The National Bureau of Statistics said 133 million Nigerians are in abject poverty, how else can you describe a failure of a government? Both of them left debt for Nigeria but in Obi’s case, he left N75bn in Anambra after leaving office,” he said.

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READ ALSO: Floods: Group Drags Buhari To Court Over ‘Missing Ecological Funds’

Atiku, a former Vice-President; Obi, a former Anambra State governor; and Tinubu, a former governor of Lagos State are frontline candidates for the 2023 presidential election which has been described by analysts as a three-horse race.

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PDP Reacts To Fubara’s Defection To APC

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The Kabiru Turaki-led Peoples Democratic Party (PDP) has reacted to the defection of Rivers State Governor, Siminalayi FubaraGovernor, Siminalayi Fubara, to the ruling All Progressives Congress (APC), describing the move as a “self-inflicted injury” and a culmination of choices the governor “willingly embraced.”

Fubara on Tuesday defected from the PDP to the ruling APC.

He announced his decision during a stakeholders’ meeting held at the Government House in Port Harcourt on Tuesday. Fubara joins several of his colleagues who have also switched to the APC this year.

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Recently, 17 members of the House of Assembly, loyal to former Governor Nyesom Wike and led by Speaker Martin Amaewhule, announced their defection from the PDP to the APC, thereby altering the balance of power in the legislature.

READ ALSO:JUST IN: Fubara Dumps PDP For APC

In a statement issued Tuesday night by National Publicity Secretary, Ini Ememobong, the PDP said Fubara’s exit merely affirmed the legal maxim volenti non fit injuria—”to one who is willing, no harm is done.”

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According to the PDP, the governor’s political troubles and eventual departure were products of his own decisions.

“Everyone who has followed developments that culminated in this uneventful defection will recall that the Governor willingly travelled the path that took him to this destination,” the statement read.

“Having done so voluntarily, he cannot turn around and accuse our party or any person or group of failing to protect him.”

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The party insisted that at every stage of the crisis that engulfed Rivers politics over the past year, civil society groups, democratic actors and Nigerians across political divides stood in Fubara’s defence until he “capitulated.”

READ ALSO:Fubara Names New Rivers SSG

It added that rather than blame others, the governor should acknowledge the support he enjoyed before choosing his new path.

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Expressing concern about what it described as Fubara’s political capitulation, the PDP warned against the “Stockholm Syndrome”, a condition in which a victim develops affection for their oppressor—suggesting that the governor may have succumbed to pressures from forces aligned with the Federal Government.

In all, despite these, we pity the Governor and wish him well,” the party added.

READ ALSO:BREAKING: Gov Fubara Dissolves Rivers Pension Board

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The PDP further used the development to highlight what it called the “dysfunctional nature of Nigeria’s democracy,” lamenting a political environment where individuals wield power beyond institutions and allegedly deploy federal might to overwhelm opponents.

It warned that such tendencies threaten democratic stability and should be condemned by all well-meaning Nigerians.

With Fubara’s defection, the opposition party renewed its accusation that the ruling APC is bent on creating a one-party state and shrinking Nigeria’s political space.

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“Democracy is under severe attack,” the statement noted, urging Nigerians and the international community to resist what it called a slide toward electoral authoritarianism.

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JUST IN: Fubara Dumps PDP For APC

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Governor Siminalayi Fubara of Rivers State has defected to the All Progressives Congress, APC, dumping the Peoples Democratic Party, PDP.

Fubara announced this at a stakeholders meeting at the government house in Port Harcourt.

We can’t support President (Tinubu) if we don’t fully identify with him, not just backyard support.

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“Our decision this evening is that we are moving to the APC,” Fubara said as he announced his defection from the PDP to the APC.

READ ALSO:JUST IN: Tinubu Holds Closed-door Meeting With Rivers, Ebonyi Govs

The development comes amid political tension in the oil rich Niger Delta state.

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Recall that President Bola Tinubu on Monday
held confidential discussions the with the Governor.

The engagement, held at the State House in Abuja, came against the backdrop of escalating political friction in Rivers State and ongoing uncertainties regarding Fubara’s standing within the PDP.

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Tinubu, Six APC Governors Hold Closed-door Meeting At Aso Villa

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President Bola Ahmed Tinubu on Monday met with six governors elected on the platform of the All Progressives Congress (APC) in a closed-door session at the State House, Abuja.

The purpose of the meeting was not immediately disclosed, and details of its agenda remained unclear at press time.

In attendance were governors Umar Namadi (Jigawa), Monday Okpebholo (Edo), Biodun Oyebanji (Ekiti), Usman Ododo (Kogi,) Aliyu Sokoto (Sokoto) and Dr. Nasir Idris (Kebbi), who arrived at the Presidential Villa separately.

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The meeting, held in the President’s office, lasted almost two hours.

Although no Presidency official offered insight into the agenda, the consultations come amid rising security concerns across the country and ongoing political engagements within the ruling party.

The governors declined to speak to journalists after the meeting.

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READ ALSO:JUST IN: Navy Officer Who Had Altercation With Wike Reportedly Escapes Assassination Attempt

President Tinubu has recently intensified his focus on national security by convening a series of high-level meetings involving key security stakeholders, including the service chiefs of the Army, Navy, and Air Force, as well as intelligence coordinators and senior officials from various security agencies.

This increased engagement comes in response to a worrying upsurge in banditry, kidnappings, and violent crimes that have spread across multiple regions, causing widespread public concern and escalating pressure on the federal government for urgent and effective intervention.

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These strategic meetings, frequently conducted in secrecy to ensure confidentiality and candid discussion, have aimed to undertake a comprehensive review of ongoing security operations nationwide.

Discussions have prioritised enhancing coordination and communication among military, police, and intelligence units to foster a more unified and cohesive response to security challenges.

In addition, the sessions have explored innovative and tactical measures that leverage intelligence gathering, rapid deployment, and community engagement to dismantle criminal networks and restore order.

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READ ALSO:JUST IN: Tinubu Holds Closed-door Meeting With Rivers, Ebonyi Govs

Throughout these consultations, President Tinubu has underscored that safeguarding the lives and property of Nigerians is paramount.

He has called on the security apparatus to move beyond reactive measures and adopt more preventive, intelligence-driven strategies that anticipate threats before they escalate.

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The administration’s renewed approach signals a commitment to reinforcing national security architecture and improving the operational effectiveness of all agencies involved in the fight against crime and insurgency across Nigeria.

In other news, the National Security Adviser (NSA), Nuhu Ribadu, has expressed optimism that the security challenges – terrorism, banditry, kidnapping, and other violent crime – Nigeria has been facing for almost three decades now will be overcome.

READ ALSO:Tinubu Submits Fresh Ambassadorial List To Senate, Ibas, Dambazau Make Cut

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The NSA described those behind the “painful and unnecessary” challenges as “evil” and vowed they would be defeated.
Ribadu made remarks during the opening of a one-day dialogue organised by the National Peace Committee, in partnership with the delegation of the European Union to Nigeria and the U.S., on “a whole-of-Society Approach to the Prevention of Violence and Conflict in Northern Nigeria,” on Thursday in Abuja.

“This (security challenges) also shall pass. We are going through tough times. This will also go.

“But it’s very, very painful, what we are going through. It’s unnecessary.
They are very unfair to us, those who are responsible for this. They are evil.

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“But they will be defeated. It’s a matter of time, and peace will be restored. That one we can assure you. Because there are people who are working, not necessarily making noise.

“There are people who are making sacrifices. Every single day, we go to bury our own deaths. Painful as it is. But most people don’t talk. Sacrifice is ongoing,” the NSA said.

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