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– Oby Ezekwesili describes statements by the minister of Information, Lai Mohammed, that the past government was responsible for the current economic decline as incompetent lies
– Says it is myopic to think that if Jonathan were to still be in power, Nigeria will be worse off
– Says President Buhari created instability with his statements about how everyone is corrupt and how everyone is going to jail
Oby Ezekwesili says Buhari’s policies responsible for economic recession.
Former education minister, Oby Ezekwesili, has blamed President Muhammadu Buhari’s policies for the current economy recession experienced in the country.
READ ALSO: Fayose says Nigeria will be great again, but pray for Buhari
According to Vanguard, the former minister in a whatsApp message last, September, 11, described statements by the minister of Information, Lai Mohammed, that the past government was responsible for the current economic decline as incompetent lies.
The Convener of the Bring Back Our Girls (BBOG) group who noted that it was myopic to think that if Jonathan were to still be in power, we would be worse off, said the truth about Nigeria’s recession is that it was caused by the Buhari’s unguided rhetoric and uncultured body language.
She said: “Firstly, there is nothing we are buying today that we weren’t buying five years ago, therefore it’s not our purchase that put pressure on Naira but withdrawal of funds by foreign investors.
‘’After the election, the President created instability with his statements about how everyone is corrupt and how everyone is going to jail.
‘’The instability made foreign investors to liquidate their investment and change their money to dollars. In the process of trying to flee, they were willing to buy dollars at any price, which lead to high exchange dollar rate.
READ ALSO: PDP slams Buhari for blaming past government again
Ezekwesili said even though some foreign investors were not ready to run away, they however wanted their money in dollars to save their investments from devaluation.
She said Buhari gave a bad signal by banning deposit of foreign currency into domiciliary accounts.
‘That was enough for free market believers to see the draconian handwriting on the wall, that was the beginning of dollar rush,” she added.
The former minister said Buhari made matters worse by implementing another outrageous policy of rationing dollar to certain sectors and blocking many sectors out.
She described the dollar rationing policy as the nail in the coffin which facilitated the emergence of free fall.
Meanwhile, Oby Ezekwesili who was a vocal critic of the Jonathan administration following the abduction of the Chibok girls by Boko Haram has expressed disappointment over the activities of the police that are frustrating the BBOG campaign, adding that President Muhammadu Buhari is going down the wrong lane.
Speaking on the backdrop of police restrictions on the BBOG protests, the former minister noted that the BBOG has a right to protest as stipulated in the 1999 constitution and that the police should not in any way halt the group’s peaceful activities.
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