Thursday, July 16, 2026

Buhari, other APC officials looted N15 trillion in five years: PDP

The main opposition party decried the recent NBS report that put Nigeria’s unemployment rate at 33.3 percent in the last quarter of 2020.

• March 16, 2021
Uche Secondus
National Chairman of the People’s democratic Party (PDP), Uche Secondus [Photo credit: The Sun Nigeria]

The Peoples Democratic Party (PDP) says the report by the National
Bureau of Statistics (NBS) on escalated 33.3 percent unemployment rate in the country is a direct confirmation that the much-orchestrated claims of massive job creation by the Buhari Presidency and the All Progressives Congress (APC) are mere statistic hoax being used to deceive Nigerians.

The PDP says the report by the NBS that no fewer than 21.7 million able bodied Nigerians have lost their jobs and means of livelihood while many more have become underemployed under the APC misrule further shows the despairing and despondent situation that APC and its administration has brought our nation.

The rise in unemployment from the alarming 27.1 percent in Q2, 2020 to 33.3 percent in Q4 2020, despite the bogus claims of the APC
administration, confirms that indeed, there is no hope in sight under
the Buhari Presidency and the APC.

It is clear that the direct cause of the escalating unemployment is the
incompetence as well as the widespread corruption and treasury looting in the Buhari administration, where APC leaders are reported to have looted over N15 trillion, which should have been used to create wealth, develop our country and provide jobs for our citizens

It is rather distressing that, as shown in the NBS report, that
unemployment rate among young and very enterprising Nigerians, within the age of 15 to 34 years, had risen to 42.5 percent; a revelation that put a lie to claims by the Buhari administration, of mass employment, job opportunities and economic empowerment of our youths.

It is now obvious that under President Buhari and the APC, the Federal Government created  jobs only in their fake statistics while in reality, they are taking no concrete steps to empower our hard working citizens.

More frustrating is that the APC and its administration have promoted a huge racket where Nigerians are deceived to pay for non-existent jobs in ministries, department and agencies at alarming costs, ranging between N2 million to 6 million, depending on the agency.

The APC administration, in its corruption, is allowing such evil
enterprise, while millions of Nigerians are weeping on the streets after
being defrauded of their hard-earned money, life saving and pensions of aged parents by job fraudsters in official circles.

The only achievement by the APC administration is the impoverishing of Nigerians and turning of our dear nation of hitherto very happy and prosperous people, into world’s poverty capital.

Our party charges President Muhammadu Buhari to accept his incompetence, take urgent steps to recover the over N15 trillion allegedly stolen by his party leaders and allow more competent hands to revamp our economy before it is too late.

Signed:

Kola Ologbondiyan
National Publicity Secretary

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