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FG blames weakness of naira on massive looting during PDP’s administration

By on December 15, 2015

The Federal Government on Sunday blamed the poor state of the country’s economy, especially the depreciation in the naira exchange rate, on what it described as incomprehensible mismanagement of the economy under the immediate past administration of the People’s Democratic Party ( PDP).

Minister of Information and Culture, Alhaji Lai Mohammed, said in a statement that the mindless looting of the national treasury under the immediate past administration, was responsible for the increasing weakness of the naira against the United States dollar.

Muhammed apparently responded to a statement credited to the Deputy Senate President, Ike Ekwerenmadu, which suggested that businesses may collapse in the next six months because the Buhari Administration has mismanaged the economy.

The minister said it was the clearest indication yet that the PDP and its leaders were still in denial about the massive body blows they inflicted on the Nigerian economy.

 

[ThisDay]

2 Comments

  1. Think Well

    December 15, 2015 at 2:03 pm

    Fix it, make the economy strong that is why you came in. Talkative! basket mouth. Blame game, mumu.

  2. UMI

    December 15, 2015 at 10:27 pm

    when are we going to have an informed, information minister that will keep us inform about the info we need for today and future? I thought this govt will realize the need for this role bcos we are not ok with all these PDP accusers and goal post shifters in this particular office