GDP rebasing: FG ridiculing itself, says APC
April 10, 2014 by Niyi Odebode and Everest Amaefule 4 Comments
The All Progressives Congress has dismissed Nigerias rebased Gross Domestic Product as a mindless public relations gimmick of the Federal Government.
The party, in a statement in Washington DC, United States, by its Interim National Publicity Secretary, Alhaji Lai Mohammed, on Thursday said the Federal Government had only succeeded in ridiculing itself.
On its part, the APC noted that the GDP rebasing was done after a World Bank report declared Nigeria as one of the countries harbouring the largest population of poor people in the world.
The opposition party stated, The Federal Government has only succeeded in opening itself to ridicule. This is because if ever there was a clear play at oxymoron, this is it: The largest economy with the largest population of the poor; the largest economy with the largest population of unemployed; the largest economy with the largest population of citizens living in darkness, and the largest economy with the worst infrastructure.
The party said there was too much poverty in the midst of plenty, adding that the economic growth, which the government had been trumpeting, was not a result of any deliberate government policies.
The APC said the Federal Government carried its joke too far by giving the impression that the emergence of the Nigerian economy as the largest in Africa was a function of the economic policies under the Goodluck Jonathan-led administration.
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