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By Seyi Babalola
Gbenga Hashim-Olawepo, a former presidential candidate, claims that Nigeria’s economy suffered greatly during the ten years of the All Progressives Congress (APC)-led federal government.
Hashim-Olawepo, a prominent member of the Peoples Democratic Party (PDP), made this statement on Wednesday in an interview with Channels Television’s “Politics Today” show.
He asserts that Nigeria’s GDP was higher 20 years ago, when former President Olusegun Obasanjo was stepping down, than it is today.
According to the politician, Nigeria was Africa’s top economy when former President Goodluck Jonathan handed over to Muhammadu Buhari of the APC, but it is now battling for fourth or fifth place, a situation he described as a disaster.
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“The GDP of Nigeria Today is between 220 billion to 230 billion. That’s according to the International Monetary Fund (IMF)/World Bank outlook.
“20 years ago under former president Olusegun Obasanjo, Nigeria’s GDP, when he was finishing in 2007 was 268 billion, bigger than now.
“This disaster happened under the APC. When Goodluck Jonathan handed over power, Nigeria’s GDP had risen to 574 billion and we were the largest economy in Africa. Today we are fourth of fifth.
“What has happened in ten years of APC government to the economy is a disaster and tragic,” he said.
