Nigeria’s Economy Faces Stagnation, Says PDP

  •  Mocks APC over railway project

Onyebuchi Ezigbo in Abuja

The Peoples Democratic Party (PDP) has lamented the dire state of the country’s economy under the watch of the All Progressives Congress (APC), describing it as an “era of waste and stagnation”.

The party also took a swipe at President Muhammadu Buhari and the APC for appropriating the Abuja – Kaduna standard gauge rail line project which was conceptualized, awarded and constructed under the PDP-led administrations.

The party said in a statement issued on Wednesday by its spokesman, Prince Dayo Adeyeye, that the economy of the country has entered a reverse gear since the takeover of the reigns government at the centre by the APC-led administration.
It noted that contrary to the erroneous claims by APC, the Abuja-Kaduna railway project was at 99% completion stage before the PDP left office.

The former ruling party explained that the rail project was conceptualized by the Obasanjo Administration and successive PDP administrations of President Umaru Yar’Adua and Goodluck Jonathan, commenced work and built it to 99% completion, saying that the only work done by President Muhammadu Buhari on the project was the commissioning.