President Buhari receives in audience delegation of Retired Career Ambassadors of Nigeria (ARCAN) in State House on 5th Nov 2018

The Peoples Democratic Party, on Monday, said President Muhammadu Buhari’s administration has caused Nigeria another huge economic setback following the withdrawal of General Electric from a $2.8bn railway concession deal due to the alleged harsh economic policies of the administration.

The PDP National Publicity Secretary, Mr. Kola Ologbondiyan in a statement, also said that with the withdrawal of GE and according to him, the continued exiting, from Nigeria, of other huge foreign investors, allegedly due to unabated unfriendly polices, Buhari’s presidency had cost Nigerians the much needed commercial and employment opportunities and further frustrated the development of the nation.

According to him, the Buhari administration is the major economic challenge facing Nigeria as a nation.

He stated that Nigeria has continued to reel under the administration allegedly characterized by economic stagnation, high inflation, soaring unemployment and harsh regulatory regime that scare away.

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