The National Publicity Secretary of The All Progressives Congress (APC), Alhaji Lai Mohammed, on Wednesday in Abuja told newsmen that the devaluation of currency had its implications on the people and the economy.
Mohammed said that the party had always warned government about the implication of its economic policies.
He said that the party warned government that the cost of producing oil in Nigeria was the highest and raised the alarm on organized theft of crude oil.
“We went further to advise the government to diversify our economy.
We gave example that while Angola and Brazil have reinvested in new deposit to about 40 per cent, Nigeria had only invested about two per cent.
“These are all the issues that we raised.”
Mohammed said that the party had always warned government about the implication of its economic policies.
He said that the party warned government that the cost of producing oil in Nigeria was the highest and raised the alarm on organized theft of crude oil.
“We went further to advise the government to diversify our economy.
We gave example that while Angola and Brazil have reinvested in new deposit to about 40 per cent, Nigeria had only invested about two per cent.
“These are all the issues that we raised.”
