Hashim-Olawepo: Ten years under APC is disaster

According to Gbenga Hashim-Olawepo, a former presidential candidate, the economic situation in Nigeria during the ten years of the All Progressives Congress (APC)-led Federal Government was disastrous.

Chieftain of the Peoples Democratic Party, or PDP, Hashim-Olawepo made this statement on Wednesday in an interview with Channels Television’s “Politics Today” show.

He claims that twenty years ago, when former President Olusegun Obasanjo was stepping down, Nigeria’s GDP was higher than it is now.

The lawmaker said that at the time former President Goodluck Jonathan handed over power to APC’s Muhammadu Buhari, Nigeria’s economy was the largest in Africa. However, he called the current state of affairs as a catastrophe, claiming that it was only in fourth or fifth place.

Nigeria’s current GDP ranges between 220 billion to 230 billion. The IMF/World Bank forecast and the International Monetary Fund both support this.

Nigeria’s GDP was 268 billion when former President Olusegun Obasanjo left office in 2007, which is more than it is currently.

“Under the APC, this catastrophe occurred. Nigeria’s GDP has increased to 574 billion when Goodluck Jonathan relinquished power, making us the continent’s largest economy. We are on the fourth day of the fifth.

He declared, “What has happened to the economy in the ten years of APC government is a disaster and tragic.”