By Shola Abayomi.
The Peoples Democratic Party (PDP) has chided President Muhammadu Buhari for failing to woo investors into sealing any meaningful economic agreement with Nigeria during his participation at the recently concluded 7th Tokyo International Conference on Africa Development (TICAD) which held in the city of Yokohama, Japan.
The PDP noted that while Ghanaian President, Nana Akufo-Ado sealed a deal with automobile giant, Toyota, to immediately establish a Toyota and Suzuki manufacturing plant in Ghana with a determined timeline of August 2020 for production, President Buhari was celebrating a mere pledge of $300,000 (N108 million) from the Japanese Prime Minister and a promissory note for 50 million euros from an EU Commissioner.
The party, in a statement issued today by its spokesperson, Kola Ologbondiyan, added that no foreign investor is keen on doing business with Nigeria because of the vices that characterizes the Buhari-led administration.
The statement read in part: “No world leader or international investor want to do any real business with Nigeria under President Buhari, mainly because of the legitimacy burden of his Presidency, arising from the rigging of the February 23 Presidential election, as well as overt impunity, corruption, treasury looting and recklessness that pervade his administration.”
“It is lamentable that while President Buhari and his party, the All Progressives Congress, APC, are reducing our nation by celebrating a mere pledge of $300,000 (N108 million) from the Japanese Prime Minister and a promissory note for 50 million euros from an EU Commissioner, his Ghanaian counterpart, Nana Akufo-Ado had sealed a deal with automobile giant, Toyota, to immediately establish a Toyota and Suzuki manufacturing plant in Ghana with a determined timeline of August 2020 for production.
“The multinational had also signed a deal to establish a similar plant in neighboring Ivory Coast with a Memorandum of Understanding to that effect already signed last Thursday.
“It is instructive to note that Toyota announced that it preferred to cite the plant in Ghana because of the favourable economic climate prevailing in the country; a climate, which has taken flight from Nigeria under President Buhari and worsened since the rigging of the Presidential election.
“It is saddening that because of President Buhari, our nation, which, under the PDP had excelled to become one of the world’s fastest growing economies and a hub for Foreign Direct Investments, is now descending into a pariah and beggarly nation with no hope in sight.”
Ologbondiyan added that Nigeria can only return to its hay days of economic prosperity when the PDP retrieves its Presidential mandate at the court.
“This development plainly shows that the time is gone when world leaders and investors embraced manipulated elections and governments that do not have the mandate of their citizens.
“The PDP stands with majority of Nigerians in holding that the only way to save our nation from imminent collapse is the retrieval of the Presidential mandate at the court. That is the only way our nation can enjoy the benefit of an acceptable and purposeful leadership, which will return her to the path of peaceful co-existence, political stability and economic prosperity”, he said.