The Peoples Democratic Party (PDP) asserts that when it left office in 2015, Nigeria’s economy was the largest in Africa and a top destination for foreign investment. According to the party, the economy was valued at over $600 billion at that time, and the country led the continent in attracting foreign capital.
During an interactive session with journalists on Wednesday, PDP National Publicity Secretary Debo Ologunagba claimed that the economic progress achieved during the PDP’s tenure has been reversed over the past decade. He attributed this decline to the poor performance of the All Progressives Congress (APC) in government, suggesting that many Nigerians now look back fondly on the PDP era as a period of democratic governance and economic development.
Ologunagba described the PDP as a party that respects democratic principles, follows rules, and encourages open dialogue. He emphasized that the party’s national convention is crucial for maintaining democracy in Nigeria, with citizens closely watching its activities to ensure effective organization.
He further noted that Nigerians, having experienced governance under both the PDP and the APC, are now in a position to assess which party has delivered better outcomes for the country. This comparison, he said, will likely influence future elections and the direction of Nigeria’s governance.
The PDP’s claims about past economic performance are based on 2015 data, when the economy was indeed one of the largest in Africa, driven by a growing services sector and significant infrastructure investment. However, recent years have brought challenges such as declining oil prices, insecurity, and corruption. The party’s statement appears intended to remind Nigerians of its former achievements while criticizing the APC’s record in office.
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