The All Progressives Congress (APC) presidential campaign
council says Bola Tinubu, its presidential candidate, did not attack President
Muhammadu Buhari when he spoke about the country’s exchange rate.
Speaking at a rally held at the UJ Esuene Stadium in
Calabar, Cross River’s capital, on Tuesday, Tinubu said the Buhari
administration met the naira/dollar exchange rate at N200 to a dollar but it
has depreciated to about N800/dollar at the parallel market.
In a statement on Wednesday, Bayo Onanuga, the campaign’s
media director, said the Peoples Democratic Party (PDP) created the current
exchange rate crisis experienced by the country.
Onanuga said Buhari has been able to build back the reserve
to about $38 billion.
“The reference to
exchange rate was not in any way an attack on the Muhammadu Buhari-led All
Progressives Congress administration but an attempt to capture how the economic
mismanagement of the PDP created a forex crisis in the country since 2015,” he
said.
“Anyone who followed the entire sequence and context of what
Asiwaju said at the rally in Calabar will know he directed his missiles against
PDP and Atiku.
“Let’s not forget, the PDP left the forex reserve at $28
billion by May 2015, when Buhari took over despite unprecedented revenue from
crude oil.
“The futile attempt
to misrepresent Asiwaju Tinubu by the mischievous PDP media did not detract
from his central message.
“Our candidate explicitly said the people should not follow
PDP and Atiku because they don’t know the road.
“Asiwaju Tinubu could not have meant that President Buhari
does not know the road, having celebrated, numerous times, the achievements of
the Buhari administration. Tinubu had also said at campaign fora he would build
on the achievements, when elected on 25 February.”
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