The Trustees of the Peoples Democratic Party (PDP) have criticised President Bola Tinubu’s administration for failing to alleviate Nigerians’ ongoing economic misery.
Following its meeting in Abuja on Thursday, the BoT released a communiqué expressing concern over the Naira’s ongoing depreciation versus the US dollar.
As a result of the ongoing forex crisis, NDIIGBOWORLDWIDE announced on Wednesday that the Naira has fallen against the Dollar, closing at 950/$ on the parallel market.
In a statement, the BoT blamed “ill-implemented policies” of the All Progressives Congress, APC government led by Bola Tinubu for the decline of the Naira.
The PDP further expressed concern over the worsening national security situation, blaming “ill-planned policies” of the current administration.
“The BoT expresses serious concerns over the excruciating hardship, worsening insecurity, and general sense of apprehension and despondency across the country occasioned by the hasty implementation of ill-planned policies of the overtly insensitive APC administration,” read part of the communique.
With “agonisingly high costs” and “unbearable pressure” on households, “the BoT is seriously worried over the continued fall in the value of the Naira arising from the ill-implemented policies of the APC,” they write.
