Urging immediate action, the National Executive Committee of the Peoples Democratic Party has called on President Bola Tinubu to shake up his economic team in a bid to rescue the country’s economy.
In a communique issued at the closure of the 98th NEC meeting in Abuja, the PDP emphasized the need for bringing individuals of unwavering integrity and competence, free from biases and vested interests, to assist in reshaping the economy.
The communique also highlighted the demand for a review of policies that are stifling the economy, such as the fuel price hike without adequate measures, escalating electricity tariff, surging taxation, and implementation of unfavorable fiscal policies.
Expressing deep concerns over poorly executed policies of the current administration, NEC criticized the APC government for exacerbating insecurity, escalating economic hardships, surging unemployment, high food prices, and general misery affecting citizens nationwide.
Additionally, the NEC urged the President to promptly convene a special National Security Council meeting to strategize holistic solutions in curbing the escalating insecurity and its detrimental repercussions across the nation.
Amidst the escalating acts of terrorism and violence, including mass abductions and killings of innocent citizens, NEC condemned the insensitivity and incompetence of the APC administration, accusing it of neglecting the welfare of Nigerians.
Further denouncing the creeping totalitarianism tendencies and the drift towards a One-Party State, NEC emphasized the need for peace, stability, and the sustenance of democracy in the country.
Meanwhile, the PDP NEC encouraged all party organs to prioritize collective interests over personal or group agendas, working collaboratively to steer the party back to power at the center for the benefit of Nigerians.
It also urged party members to unite their efforts towards strengthening the PDP for the betterment of Nigerians and the preservation of democracy.
In recent developments, Tinubu established an economic advisory committee involving government representatives, stakeholders, and private sector leaders, aiming to address the worsening economic challenges faced, including the depreciating exchange rate and rising inflation.
Notable private sector figures on the committee include Tony Elumelu, Chairman of United Bank for Africa, and Aliko Dangote, Chairman of Dangote Group.