Economic crisis: Fayose ‘bombs’ Buhari, predicts doom of APC Read

– Governor Ayodele Fayose predicts that a great implosion will soon rock the APC that will signal a death knell for the party before the 2019 general elections
– Fayose alleges that President Buhari is only interested in pursuing re-election rather than solving economic problems
 – The governor cautioned federal government against borrowing $29.96 billion to finance the 2016 budget

Governor Ayodele Fayose of Ekiti state has slammed President Muhammadu Buhari for consistently blaming the past governments for the economic woes after one and half years into the APC administration.

 Fayose has also predicted that a great implosion will soon rock the ruling All Progressives Congress (APC) that would sign a death knell for the party before the 2019 general elections. The governor made the prediction yesterday, November 10, during his lecture at the 2016 press week’s of the Ekiti Council of the Nigeria Union of Journalists (NUJ). Fayose who is a known critic of the current administration said a situation where the federal government is running after perceived opposition suggests that the man at the helm of affairs is only interested in pursuing re-election rather than solving economic problems. According to Leadership, he cautioned the federal government against borrowing $29.96 billion to finance the 2016 budget, warning that such will plunge the country’s economy into total depression. “A situation whereby government is borrowing far and above its external reserves  means that the 2016 budget is not implementable because about  30% will be used to service external debt and if this happens, then our economy will go into depression in 2017.

 “At the departure of President Goodluck Jonathan’s  government, a dollar  was at the upper limit of N220 and official rate of N190. But today, a dollar is N477 which shows clearly that Buhari’s  government has damaged the economy by 30%. “As we speak now, Nigeria is gradually entering autocracy. Judiciary no longer has courage to defend democracy.

 The government is clueless about how to solve the economic problem. All they are pursuing is how to demonise opposition. No justice and justice is the bedrock of democracy. “If they are really serious about diversification, they should spread the country’s commonwealth. As we speak now, no good irrigation in the whole of southwest. They should stop round-tripping of dollars,” Fayose said. The governor clarified that his support for the APC national leader, Bola Tinubu does not mean he had plans to defect to the APC. He called on Senator Saraki not to give in to the pressure by the president to support external borrowing, warning that such a measure could kill Nigerians perpetually. Meanwhile, there is looming mass defection in the APC as members of the party in the south-west who are loyal to Bola Tinubu are reportedly holding high-profile meeting to fine-tune strategies for the emergence of an alternative political platform to fight for power come 2019. Those involved in this political push include governors and lawmakers, especially senators from the south-west, who are said to have intensified consultations to ensure that they are not used and dumped in the next dispensation