The Nation Is In Recession Because PDP Emptied Our Treasury - Oshiomhole

Governor Adams Oshiomhole of Edo State says people of the state will not allow the PDP loot and deplete the state’s treasury the way they depleted the nation’s treasury, calling on people of the state to reject the PDP and its candidate in the governorship election holding on September 10.

Speaking at a rally of the All Progressives Congress (APC) holding at Afuze, Owan East Local Government Area, on Saturday, Oshiomhole said the nation is presently in an economic recession because the past PDP government looted the treasury dry.

He said: “The people who bled the treasury are now coming to tell you, the victims, that rice is now expensive, naira has suffered devaluation. If one man took over N2 billion, in Edo alone, what they have confessed to EFCC to have taken is over N5 billion.

“If they took so much dollars meant for defense to protect Christians against attacks from Boko Haram, to protect mosques from Boko Haram attack, these people took the money in dollars, converted it to naira, depleted our dollar reserves, shared it into their pockets, their generals dug soak-away pits and put dollars inside. The whole dollars from the Central Bank was taken and from a reserve of over $50 billion, PDP bled the reserves and today it is down to about $20 billion.

“When a man comes to your house, burgled your store where you kept your food and in the morning you find the store burgled, can you immediately feed your children? What President Buhari is doing now, when he found that PDP broke into the treasury and emptied it, he has started rebuilding of the door of the treasury to resecure it, and the ones they have taken he is recovering them one after the other.

“The way PDP put fire on our economy, to rebuild it cannot be overnight. Today, my confidence about the future of our country is that Buhari is blocking all the leakages in our economy.”