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Nigeria needs Atiku to rebound economy – PDP



Peoples Democratic Party

The Peoples Democratic Party (PDP) says Nigeria needs its Presidential Candidate, Atiku Abubakar, to rebound its challenged economy.

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National Publicity Secretary

The party’s National Publicity Secretary, Debo Ologunagba, said this at an interactive session with the media on Saturday in Abuja.

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Ologunagba said Nigeria needed Abubakar because of his practical experience, capacity, broad-mindedness and will power to unite the nation, revamp the national economy, and guarantee security of lives and property in the country.

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He said that from the party consultations across the six geo-political zones of the country, it was clear that Nigerians across board, irrespective of religion, ethnicity and even political affiliations, accepted Abubakar as the best candidate.

Vice President

“Abubakar as Vice President to President Olusegun Obasanjo was the Chairman of the National Economic Council.

“During that period, our nation achieved unprecedented national productivity, we also secured $30 billion overall debt relief from the Paris and London Clubs
“Nigeria’s economy was revamped to become one of the fastest growing economies in the world with stable exchange rate.

“Our foreign reserves rose from $2bn in 1999 to $43bn in 2007, while power generation also rose from average daily generation capacity of 1,800mw in 1999 to 4,000 mw in 2007.”
Ologunagba added that under Abubakar as chairman of the economic council, Nigeria witnessed the liberalisation of the telecommunication industry and the advent of GSM and Internet facilities in Nigeria.

Small and Medium Scale Enterprises in Nigeria

He added that the country also witnessed a boost in private Small and Medium Scale Enterprises in Nigeria.

More Nigerians

“More Nigerians opened investments in sectors hitherto controlled by foreigners, including in the downstream and upstream petroleum sectors.

“Owing to the conducive economic environment, there was increase in Foreign Direct Investment and more Nigerians in the Diaspora returned to establish businesses in the country
“There was also expanded and consolidated Nigerian banking industry to make it operate and participate effectively in global banking businesses.

Stock Markets

“Nigeria achieved one of the most profitable Stock Markets in the world with an average Return on Investment of over 31 per cent.


Pension System

He added that under Abubakar’s led-economy, the nation also achieved a consolidated Pension System both in the private and public sectors.

Under Abubakar

“Under Abubakar as coordinator of the economy, Nigeria achieved economic rebound after military rule.

Today Nigeria and Nigerians need Atiku Abubakar to achieve a rebound,” he said.

Abubakar and Ifeanyi Okowa

Ologunagba said that the party and its candidates, Abubakar and Ifeanyi Okowa, were prepared for an issue-based campaign which would be flagged off on Monday in Uyo, the capital of Akwa-Ibom.

National Executive Committee

“The PDP will take our campaign to all the states, local government areas, wards and polling units across the country under the unified campaign structure as approved by the National Executive Committee (NEC) of our party.

PDP and Abubakar

“Our campaign will be people-driven and focused on PDP and Abubakar’s mission to rescue, rebuild and redirect our nation.


All Progressives Congress

Speaking on the All Progressives Congress (APC) nomination for the 2023 general elections, Ologunagba said that based on recent Federal High Court judgment, the ruling party had no legally valid candidate for the elections.

Federal High Court

“As you are aware, the Federal High Court sitting in Abuja on Friday, Sept. 30, 2022 nullified the candidature of Gov. Gboyega Oyetola in the July 16 2022 Osun State Governorship election on the ground that his nomination was invalid.

Mai Mala

“This is having been conducted and submitted by Gov. Mai Mala Buni of Yobe State, in violation of Section 183 of the Constitution of the Federal Republic of Nigeria 1999 (as amended).


Constitution of the Federal Republic of Nigeria

Ologunagba says that for emphasis, Section 183 Constitution of the Federal Republic of Nigeria 1999 (as amended) provides that a state governor “shall not, during the period when he holds office, hold any other executive office or paid employment in any capacity whatsoever”.

Court of Appeal

Ologunagba said that the judgment reaffirmed the judgment of the Court of Appeal in the case of Jegede vs INEC that a violation of any provision of the Constitution of the Federal Republic of Nigeria 1999 (as amended), particularly as it relates to Section 183, portend grave consequences.

Federal High Court

“The import of the Sept. 30 judgment of the Federal High Court is that every decision made by Governor Mai Mala Buni as Chairman of the APC is null and void as you cannot place something on nothing and expect it to stand.

National Convention

“Consequently, the Congresses as well as the National Convention which produced APC Excos including the Sen. Adamu Abdullahi-led NWC is void

Presidential Convention

“In effect the primaries and Presidential Convention conducted by the Sen. Adamu Abdullahi-led NWC, including the nomination of Sen. Ahmed Bola Tinubu as Presidential Candidate of the APC is invalid, null and void ab-initio.

NewsSourceCredit: NAN

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