Economy Politics

Buhari’s Directive To CBN On Forex Amounts To #FoodSubsidyRemoval, Says PDP

The recent directive by Nigerian President Muhammadu Buhari to the Central Bank of Nigeria (CBN) that it should stifle food importation has been generating controversy in the country with the main opposition party describing it as "mean, ill-timed and completely against the wellbeing of Nigerians".

•APC Out To Punish Nigerians •Policy is Anti-People, Ill-Timed

By Editor

The recent directive by Nigerian President Muhammadu Buhari to the Central Bank of Nigeria (CBN) that it should stifle food importation has been generating controversy in the country with the main opposition party describing it as “mean, ill-timed and completely against the wellbeing of Nigerians”.

The main opposition Peoples Democratic Party (PDP) stated this in a public communication signed and delivered to The Atlantic Post on Thursday, August 15, by its National Publicity Secretary, Mr Kola Ologbondiyan.

According to the statement, the party declared that this directive will worsen food scarcity, exacerbate the already harsh economic situation and the general depression, frustration, resentment and despair in the country under President Buhari’s watch.

Stating further, the PDP said it is indeed appalling that instead of bringing solutions to the depreciating living conditions in Nigeria, President Buhari is rather imposing more suffering by ordering the removal of subsidy on food even when it is manifestly clear that he had failed on all fronts to achieve any level of food security despite the huge resources available to his administration.

The party also declared that by the directive, the Buhari Presidency and the All Progressives Congress (APC) have again demonstrated their insensitivity towards millions of Nigerians who are already suffering acute hunger and starvation due to severe food shortage and high prices brought by President Buhari’s misrule.

“The PDP states strongly that Nigerians do not, in any way, deserve such suffering being foisted on them by such directive on food.

“Such situation will only breed further despondency among our citizens, heighten our security challenges and put more pressure on compatriots, many of who, in the face of suffering occasioned by APC misrule, are resorting to suicide and slavery mission as options.

“Instead of removing subsidy on food and putting more suffering on Nigerians, the PDP urges President Buhari to cut the billions of naira being wasted on luxuries in his Presidency and free the funds for the welfare of the masses.

“Furthermore, the PDP urges President Buhari to recover the over N14 trillion siphoned by APC interests under his administration including the stolen N9 trillion detailed in the leaked NNPC memo and channel the resources towards food security for Nigerians.

“The PDP states that it is a complete disservice to Nigerians for the government to place restrictive directives on food for the masses, while interests condoned by the same administration are frittering our common patrimony.

“The PDP wants to believe that while Mr. President enjoys the comfort, luxury, sufficiency and safety of the government house, he is barely aware of the sufferings of Nigerians.

“Our party therefore charges President Buhari to immediately rescind his directive before it inflicts more damage on the polity,” the PDP further stated.

The Atlantic Post had earlier reported that this directive, if followed through, is capable of leading to a skyrocketing of food prices and exacerbating the extreme poverty, intense hunger and mass starvation in the country.

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