The ex-chairman of the Board of Trustees of the Peoples Democratic Party (PDP) Chief Tony Anenih, has called for the diversification of the Nigerian economy, stating that Nigeria’s dependence on oil is the cause of its current woes.
He also said that President Buhari is not to blame for the current state of the nation.
He stated this in a four-page letter to the Chairman of the PDP National Caretaker Committee, Senator Ahmed Makarfi and dated July 15, 2016.
Warning against the alleged impeachment plot by the Nigerian Senate, he urged Makarfi to instill patriotism in PDP lawmakers.
The letter read in part: “I am not unaware that the times are hard; that Nigerians are groaning under the weight of unpaid salaries and astronomical increases in the cost of living, that ballooning security problems are increasingly threatening to rip apart the fabric of our national existence, and that Nigerians feel more divided today than they have ever felt, but it would be unfair to blame this President or this Government for all of these problems.
“Instructively, none of these problems was floated as justification for the threat of impeachment by the National Assembly.
“On the economy, it is a well-known fact that all oil-producing countries are suffering from an economic down-turn because of the radical drop in the price of crude oil.
“As a mono-product economy, dependent on crude oil, there is no magic bubble that could have insulated us completely from the systemic shocks caused by the attendant loss of revenue.”
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