The Board of Trustees (BoT) of the Peoples Democratic Party (PDP) has called on President Bola Tinubu to address the escalating insecurity and the continuous depreciation of the Naira.
The call came after a meeting at the PDP National Secretariat in Wadata Plaza, where Adolphus Wabara, the newly appointed Chairman, expressed deep concerns about economic hardship, high costs of essential commodities, and alarming food scarcity.
Wabara emphasized the BoT’s distress over the worsening insecurity, corruption, falling Naira value, high fuel prices, and unemployment.
He stated “The BoT is alarmed by the worsening insecurity in the country as evident in the rising cases of mass killings, banditry, kidnap for ransom, and acts of terrorism by assailants who are emboldened by the manifest laidback attitude of the APC administration to issues of security, especially in the last nine months.
“The BoT is appalled by the monumental corruption and unbridled treasury-looting in the APC administration especially the looting of billions of Naira meant for palliatives for poor and vulnerable Nigerians.
“The BoT is seriously worried over the fall of the Naira to an abysmal N1,500 to the Dollar, incessant increase in the pump price of fuel which now sells for over N700 per liter with long queues in various parts of the country.
“These have attendant negative consequences as evident in the nearly 30% inflation rate, 41% unemployment rate, and alarming 46% poverty rate where up to 130 million citizens have sunk deeper into multi-dimensional poverty in the last nine months.
“The BoT is disturbed that the catastrophic economic and security situation in the country has left Nigerians hopeless, despondent, angry and constitutes a present and immediate threat to the survival of the country as hardworking young Nigerians, professionals in critical fields as well as major multinational companies are now leaving our nation in droves.
“The BoT is distressed that there are no concrete and coherent policies, measures, and steps by the APC administration to address these existential threats which have put the country in a precarious situation.
“The BoT calls on President Bola Ahmed Tinubu to know that the situation in the country has become unbearable. Mr. President should immediately address the issues of corruption in his administration, worsening insecurity in the country, continuous fall in the value of the Naira, high fuel price, unbearable food scarcity, and unemployment in the country.”
