Gbenga Hashim-Olawepo, a former presidential candidate, claims that the economic situation in Nigeria during the ten years of the All Progressives Congress-led Federal Government was disastrous.
Hashim-Olawepo, a prominent member of the Peoples Democratic Party (PDP), made this statement on Wednesday in an interview with Channels Television’s “Politics Today” show.
He claims that 20 years ago, when former President Olusegun Obasanjo was leaving office, Nigeria’s GDP was higher than it is now.
The lawmaker claimed that by the time previous President Goodluck Jonathan passed the reins to APC’s Muhammadu Buhari, Nigeria’s economy was the largest in Africa; however, it was currently fighting between fourth and fifth places, a condition he called a calamity.
Nigeria’s current GDP is between $220 billion and $230 billion. The IMF/World Bank forecast and the International Monetary Fund both support that.
Nigeria’s GDP was 268 billion when former President Olusegun Obasanjo left office in 2007, which is more than it is today.
“The APC was responsible for this catastrophe. Nigeria had the greatest economy in Africa at the time of Goodluck Jonathan’s handover, with a GDP of 574 billion. We are on the fourth of the fifth day today.
He declared, “What has happened to the economy in ten years of APC government is a disaster and tragic.”
