The Presidency, yesterday, said so-called revisionists and experts who claimed President Muhammadu Buhari has run the nations economy aground are big fat liars.
Presidential spokesman, Femi Adesina, in his article, titled: BUA Group: The other side of the Story, said the common, and perhaps, popular narrative for political, baleful and pernicious reasons, was for people to say that the Buhari administration has run down the economy of the country completely since its advent in 2015.
According to him, The fact that the global economy is spiralling out of control with inflation, stagflation, recession and depression staring hitherto vibrant countries in the face does not matter. The United Kingdom battles the worst inflation figures in 40 years. The United States of America is not faring better, with an all-time high in 41 years. Turkey and South Korea, 24-year high; Russia, 20-year high; Israel, 11 years; South Africa, 13 years; Ghana, Nigeria, Rwanda, Botswana, facing 19, 17, 14, and 14 years inflation spike, respectively.
Those playing politics with the economy want Nigerians to believe that we are the only ones in the bind; not true. It is a global phenomenon, he stated.
According to Adesina, Nigeria recently recorded its best Gross Domestic Product (GDP) rate since 2014, but pointing out that it did not matter to the nay-sayers. All they love to trumpet is the negative part of things. No room for redeeming developments. But something happened at State House, Abuja, on Friday, last week, which shows that like a double-faced drum, what faces one direction turns the back in another direction, he said.
Adesina said Buhari hosted the Management Team of BUA Group, led by its Chairman, AbdulSamad Rabiu, and that it was, indeed, an eye-opening session. What did Alhaji Rabiu tell the President? I call it the other side of the story of the Nigerian economy since 2015. Shocking; Revelatory; Insightful. Those are the words of a chieftain of the second largest conglomerate in the country.
Under the Buhari administration, BUA has thrived, and become one of the success stories out of Nigeria to Africa and the world. All under Buhari; and that is not what the so-called economic experts want us to believe. Didnt revisionists and so-called experts say the President has run down every aspect of the economy? Liars. Big, fat liars, playing crude and damaging politics, Adesina wrote.
