Governor Ayodele Fayose of Ekiti state has reacted to the report that Nigeria is out of recession and also had a few words to say on the cancelled FEC meeting.
The Governor is of the opinion that without any corresponding effect, it is a bit disingenuous to claim that Nigeria is out of recession. He also stated that President Buhari lacks the mental capacity to rule the country.
In a statement by his Special Assistant on Public Communications and New Media, Lere Olayinka, Fayose faulted the National Bureau of Statistics’ estimation that Nigeria is out of recession.
He said; “Claiming that Nigeria is out of economic recession without any corresponding effect on the living condition of the people is just like they said Boko Haram had been defeated and over 400 people were killed by the insurgents in the last five months,”
He also mocked the Federal Government and their decision to cancel this week’s FEC meeting; “They should look for another lie next week because the reality is that President Muhammadu Buhari does not have the required mental capacity and strength to rule Nigeria, and I maintain that he should consider his health as well as the overall interests of Nigeria and resign,”
Going back to the subject of the recession, he said; “Is the dollar now N197 to $1? Is petrol now back to N87 per litre that Buhari met in May 2015? Are Nigerians now feeding comfortably, even if it is once in a day?
“Most importantly, are states now getting enough allocation from the Federation Account to be able to meet their obligations, especially payment of salaries?”
“It must be stated that Nigeria’s foreign reserves, which stood at $28.6bn by May 2015 when President Buhari took over power, declined steadily to $23.89bn by the last quarter of 2016. It was in 2016 that Nigeria slipped into recession owing to the bad economic policies and repressive actions of President Buhari.”