Updated: Recession – Ezekwesili denies castigating Buhari

Updated: Recession – Ezekwesili denies castigating Buhari

Updated: Recession – Ezekwesili denies castigating Buhari

Vanguard had reported that the former minister faulted President Buhari for creating instability with his statements about how everyone is corrupt and how everyone is going to jail

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Oby Ezekwesili has denied reports credited to her that Buhari’s policies were responsible for the current economic recession.

Former education minister, Oby Ezekwesili, has denied reports credited to her blaming President Muhammadu Buhari’s policies for the current economy recession experienced in the country.

Vanguard had on Monday, September, 12 reported that the former minister in a whatsApp message last night, September, 11, described statements by the minister of information, Lai Mohammed, that the past government was responsible for the current economic decline as incompetent lies.

The convener of the Bring Back Our Girls (BBOG) group in the Vanguard report was said to have noted that it was myopic to think that if Jonathan were to still be in power, we would be worse off.

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According to the report, she said the truth about Nigeria’s recession is that it was caused by the Buhari’s  unguided rhetoric and uncultured body language.

According to Vanguard, She said: “Firstly, there is nothing we are buying today that we weren’t buying five years ago, therefore it’s not our purchase that put pressure on Naira but withdrawal of funds by foreign investors.

‘’After the election, the President created instability with his statements about how everyone is corrupt and how everyone is going to jail.

‘’The instability made foreign investors to liquidate their investment and change their money to dollars. In the process of trying to flee, they were willing to buy dollars at any price, which lead to high exchange dollar rate.

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“Even though some of them were not ready to run away, but want their money in dollars to save their investments from devaluation, the president gave a bad signal by banning deposit of foreign currency into domiciliary accounts.

“That was enough for free market believers to see the draconian handwriting on the wall, that was the beginning of dollar rush.

’To make matters worse, the President came up with another outrageous policy of rationing dollar to certain sectors and blocking many sectors out. That was the nail in the coffin which facilitated the emergence of free fall.”

However, Ezekwesili in reaction to the Vanguard article, accused the media organisation of spreading falsehood in her name.

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Meanwhile, Oby Ezekwesili who was a vocal critic of the Jonathan administration following the abduction of the Chibok girls by Boko Haram has expressed disappointment over the activities of the police that are frustrating the BBOG campaign, adding that President Muhammadu Buhari is going down the wrong lane.

Speaking on the backdrop of police restrictions on the BBOG protests, the former minister noted that the BBOG has a right to protest as stipulated in the 1999 constitution and that the police should not in any way halt the group’s peaceful activities.

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