Presidency Reveals Buhari May Resign, Here’s Why

Due to the economic crisis that has been resident in Nigeria since the All Progressive Congress, led by President Muhammadu Buhari, took over the leadership reins, sources within the presidency are of the opinion that the president and his cabinet members should be forced to resign for their inability to manage the economy.

The downturn in the nation’s economy has been regarded to be caused by the renewed bombing of oil pipelines by the Niger Delta militants as well as the 70 per cent reduction in the price of oil from about $116 per barrel in June 2014 to about $30 per barrel earlier in the year, 2016.

See Also: Aisha Buhari To Travel To The US In August Despite Allegations

Investigations had revealed that the present government initially planned to release the sum of N350 billion every quarter, in order to make sure that there were sufficient funds to keep capital projects running, but this plan has been frustrated by the dwindling oil revenue and lack of clear cut economic policies.

Read More: Nuhu Ribadu, Former EFCC Chairman Returns To APC

Ministries, Department and Agencies, (MDAs), have felt the devastating effect of the non-release of funds as they are barely able to pay salaries, while every other obligation, particularly execution of capital projects, have been put on hold, according to Post-Nigeria.

Presidency Reveals Buhari May Resign, Here’s Why

A credible source lamented saying:

“With the excruciating hardship, and inflation rate hitting 16.5 percent, Buhari should do the needful, by tendering his resignation letter, having failed 180 million Nigerians”.

In addition, other reliable sources say that the MDAs are presently frustrated, and are even afraid of advertising for job openings, because they know there are no funds to execute them.

The source added:

“The Ministry of Finance cannot even release quarterly allocation to MDAs as it used to do in the years past, because it is President Muhammadu Buhari who decides what is to be released, to which sector and at what point.”

See Again: Rotimi Amaechi Paid N100M To Join APC Bafarawa Reveals

Meanwhile, the United States of America has taken a swipe and technically called for the resignation of President Muhammadu Buhari, while revealing the President’s lacked vision in addressing the country’s dire economic and financial conditions.

The US former Chairman of House Intelligence Committee, Pete Hoekstra, made this disclosure on behalf of the United States, in an opinion article he wrote on Friday, June 17, published in the Wall Street Journal. The US also accused the Buhari administration of sheepishly running Nigeria underground.

In the same vein, a female lawyer named Carol Ajie has initiated an online petition calling on President Muhammadu Buhari to resign.

The petition titled ‘Respect Court Orders or Resign President Buhari,’ and addressed to Civil Society Organizations, Lawyers, Lawmakers, NJC and Benchers has already been signed by 1,389 supporters and it currently needs 111 more signatures to meet its 1,500 target.

You might also like