The opposition Peoples Democratic Party (PDP) has decried economic hardship and insecurity in the country, describing the situation as unbearable.

The PDP said the “catastrophic” economic and security situation in the country has left Nigerians hopeless, stressing that President Bola Tinubu’s administration has no concrete and coherent measures to address the various challenges bewildering the nation.

The party said this in a communique issued at the end of its Board of Trustees (BoT) meeting in Abuja on Tuesday, February 13, 2024.

The PDP condemned what it described as the biting economic hardship, high cost of essential life-enhancing commodities, and alarming food scarcity in the country, which the party said were occasioned by the “ill-implemented policies of the APC administration and which are already causing restiveness and agitations in various parts of the country.”

It further described the depreciation of the naira to the dollar at over N1,500 as abysmal.

The party stated: “The BoT is disturbed that the catastrophic economic and security situation in the country have left Nigerians hopeless, despondent, angry and constitute 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.

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“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.

“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 PDP added that it remains united, stronger, and more determined in its commitment to working for the well-being of Nigerians and defending their interest at all times.

The party noted that in the bid to further strengthen itself, the BoT has confirmed Senator Adolphus Wabara as its Chairman and Sen. Ahmed Mohammed Makarfi as Secretary in line with the provisions of the Constitution of the PDP (as amended in 2017).

The Star