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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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BREAKING: 17 ADC Reps Follow Join NDC

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About 17 African Democratic Congress, ADC, lawmakers in the House of Representatives have defected to the Nigerian Democratic Congress, NDC.

This was disclosed by Speaker Abass Tajudeen on the floor of the House on Tuesday.

Tajudeen also announced the defection of Leke Abejide from the ADC to the All Progressives Congress, APC.

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READ ALSO:JUST IN: Why I left ADC For NDC With Kwankwaso – Peter Obi Opens Up

Lawmakers who defected to the NDC include Yusuf Datti, Uchenna Okonkwo, Adamu Wakili, Thaddeus Attah, George Ozodinobi, Lilian Orogbu, Oluwaseyi Sowunmi, Peter Aniekwe, Mukhtar Zakari, George Oluwande and Munachim Umezuruike.

Others are Emeka Idu, Jesse Onuakalusi, Ifeanyi Uzokwe, Afam Ogene and Abdulhakeem Ado.

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This comes barely a day after former presidential candidates Peter Obi and Rabiu Kwankwaso defected from the ADC to the NDC.

Obi and Kwankwaso have pledged to continue their pursuit for a better Nigeria in the NDC.

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JUST IN: Why I left ADC For NDC With Kwankwaso – Peter Obi Opens Up

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A former presidential candidate, Peter Obi, has given reasons why he resigned from the African Democratic Congress, ADC, to join the Nigerian Democratic Congress, NDC, alongside a former governor of Kano State, Rabiu Kwankwaso.

In a long post on X on Monday, Obi insisted it was not out of anger or ambition.

Rather, he said the move is a continuation of the quest to build a new Nigeria.

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Obi wrote: “Yesterday, I formally joined the Nigerian Democratic Congress (NDC), alongside my dear brother, Engr. Dr Rabiu Musa Kwankwaso, with one clear purpose: to continue the struggle for a new Nigeria built on justice, competence, accountability, and compassion for the ordinary Nigerian.

READ ALSO:Peter Obi, Kwankwaso Formally Join NDC, Warn Members Against Litigation

“As I stated yesterday, this decision was not made out of anger, personal ambition, or convenience. It came after deep reflection on the present condition of our nation and the urgent need to rescue Nigeria from the dangerous path it is currently heading.

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“Over the years, I have remained steadfast in my conviction that politics should never be about individuals, positions, or personal gain. It must be about the people, especially the millions of Nigerians who today can no longer afford necessities, whose businesses are collapsing, whose children are losing hope, and whose future is becoming increasingly uncertain.

“I left the ADC for the same reason I left the Labour Party: the severe, orchestrated litigation and internal crises deliberately designed to ensure that I, alongside many other notable individuals, do not effectively participate in the electoral process. I sincerely appreciate and remain deeply grateful to the Leadership of ADC for the opportunity to work together in pursuit of a better Nigeria. I am particularly grateful to ADC Chairman Senator David Mark for his exceptional Leadership. I also deeply appreciate my Leader and elder brother YE, Atiku Abubakar, as well as other respected leaders within the party.

“As we join the NDC, I sincerely appeal to the Nigerian Government against the encouragement of unresolved litigations and the infusion of crises within political parties. Democracy must never become a weapon against the people. A healthy democracy thrives on strong institutions, credible alternatives, and the freedom of citizens to make choices without intimidation, manipulation, or fear. Opposition parties must not be weakened or destroyed, because when democracy loses balance, the people ultimately suffer.

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“Nigeria today is passing through one of the most difficult periods in its history. Poverty is rising. Hunger is widespread. Insecurity continues to threaten lives and livelihoods. Businesses are shutting down daily. Our young people are becoming discouraged, and many citizens have lost faith in the system. At a time like this, leadership must be driven not by propaganda or division, but by competence, capacity, character, and compassion.

READ ALSO:ADC Hails S’Court Verdict On Leadership, Demands INEC Chairman’s Resignation

“Our decision to join the NDC is therefore not an abandonment of values, but a continuation of the same mission we have always stood for: building a Nigeria where leadership is about service, where public resources are managed responsibly, where institutions function independently, and where every Nigerian, regardless of tribe, religion, region, or social status, can live with dignity, security, and hope.

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“I remain committed to working with all Nigerians of goodwill across political, ethnic, and religious lines. The task before us is bigger than any individual or political party. It is about the future of our children and the survival of our dear nation.

“I thank Nigerians, especially our youths and women, for remaining peaceful, resilient, and hopeful despite the enormous challenges confronting the country. I urge you not to lose faith in Nigeria. Nations do not change because people surrender to hopelessness; they change because people continue to believe, continue to sacrifice, and continue to stand for what is right.”

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Peter Obi, Kwankwaso Formally Join NDC, Warn Members Against Litigation

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Peter Obi of the Nigeria Democratic Congress (NDC) has warned party members to steer clear of any form of litigation that can plunge the party into chaos ahead of the 2027 elections.

Speaking in Abuja on Sunday after he was formally joined the party alongside the former governor of Kano State,

Rabiu Musa Kwankwaso , the 2023 presidential candidate of the Labour Party(LP), urged members to embrace dialogue in the interest of the party

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READ ALSO:ADC: Why I Joined Atiku, Kwankwaso, Others To Protest Against INEC – Peter Obi

“Please let there be no litigation. Party members, please don’t go to court. We want to build a party, we are not lawyers,” he pleaded.

The two political figures were received into the opposition party on Sunday at its national secretariat in Abuja.

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Earlier, Obi had announced his exit from the African Democratic Congress (ADC), while Kwankwaso had indicated he was engaged in “wide-ranging consultations” with the NDC.

READ ALSO:Religious Leader Sheikh Umar Tijjani Arrested After Hosting Peter Obi

The National Chairman of the party, Cleopas Moses Zuwoghe, presented membership cards to both leaders at the event.

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Speaking afterwards, Kwankwaso said their engagement with NDC stakeholders was driven by a shared vision and ideological alignment.

We came to discuss with stakeholders of the party and found that our ideologies and beliefs are largely the same,” he said.

He urged Nigerians to register with the NDC ahead of the deadline for party membership registration, stressing the need for broader participation in the political process.

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