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Under Buhari, Naira Now Africa’s Worst Currency – Ekweremadu

Posted: 21 February, 2017 at 08:00 am
Under Buhari, Naira Now Africa’s Worst Currency – Ekweremadu
Under Buhari, Naira Now Africa’s Worst Currency – Ekweremadu Photo 1

Deputy President of the Senate, Senator Ike Ekweremadu, on Monday blasted the All Progressives Congress administration led by President Muhammadu Buhari, saying the economy has suffered more crisis under the new government.

Ekweremadu said this at the Peoples Democratic Party's national stakeholders' meeting held a

On the economic conditions of the country,he alleged that “all APC promises had been kept in the reverse order.”

He was quoted by his Special Adviser on Media, Mr Uche Anichukwu, as saying, “They told us that one US dollar would be one naira when they take over. Has that happened?

Today, our currency is the worst currency in the whole of Africa. Is that the type of democracy we looked forward to? I can see a situation where the price of oil is going up and the value of naira is going down. What type of economics is that?”

Ekweremadu, however, enjoined PDP faithful to remain strong as the party would “work with Nigerians to restore true democracy and hope to our people.”

He said, “I believe that with determination and sticking together, we will triumph and Nigeria will be better for it.”

Condemning the sealing of the International Conference Centre, Abuja, the earlier announced venue of the meeting, by the security agencies, he said that “such flagrant manipulation of critical institutions of democracy is not only dangerous, but bad news for the nation's democracy.”

He said, “We are aware that all the institutions of democracy are being manipulated and harassed in this country. The National Assembly and the press are not left out. The Independent National Electoral Commission has been captured and now a part of the APC. Our judiciary is being insulted and assaulted every day. Their houses are being attacked very late at night and the judges are being harassed.

“So, we are not surprised at what we are seeing today (sealing of meeting venue)? But what remains is for us to remain resolute.”

Expressing his displeasure at what he described as the rising political persecution in the country. He said, “If you look around this room, you will see a lot of people who are being harassed, persecuted and taken to court. What is their offence? They claim they allegedly received stolen property, yet, nobody has been arraigned for the actual stealing. As a lawyer, I know that if you are being arraigned for receiving stolen property, you must first of all arraign the man who stole the property. That is not so in our own case. Is that democracy?”

Ekwememadu urged party members to remain resolute and protect the soul of the PDP and the nation's democracy

He said, “We have heard there was a judgment in Port Harcourt. Now, those who benefitted from the judgment,

where are they? Are they with our former ministers? Are they with our National Assembly members? Are they with our governors? Which organ of the party are they with or is with them? The truth is that it is not the hood that makes the monk.”

The Deputy Senate President also condemned what he described as the manipulation of vital institutions of democracy and radical decline of democratic freedoms in Nigeria.

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Recent Replies (2)

Ekweremadu shut up Have you not been there What regulations have you guys done to ease the situation of things - yayahdrs8@gmail.com
He was right!! The Naira has been destroyed completely by this administration - Ibrahimmuhammad0092@gmail.com
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