ONITSHA, ALABA MARKETS MAY CLOSE DOWN EXCEPT ECONOMY IMPROVES –Ekweremadu
December 17, 2015
Deputy Senate President, Ike Ekweremadu has warned that unless something is done urgently to the dwindling economy, the Onitsha and Alaba markets may close down in the next six months.
The traders, he said, would have run out of stock by that time.
Ekweremadu, who spoke in Enugu at the meeting of the South-East caucus of the Peoples Democratic Party (PDP) during the weekend, said: “So many people are worried over the situation of Nigerians in the hand of the All progrssives Congress (APC); I don’t know what will happen between now and 2019; unless APC changes their style, Nigerians will be begging PDP to come back.”
He expressed worry over the poor situation of the country’s economy, saying businesses may collapse within the next six months.
Ekweremadu said the ruling APC had shown it was not a good manager of the economy, stressing: “There has been an unchecked downfall in our currency; naira has depreciated to the point of N260 to a dollar; it has never happened in the history of this country.”
This is also as a motion for vote of confidence was passed on him and the members of the South-East Zonal Working Committee of the party. Speaker of the Abia State House of Assembly, Martins Azubuike, seconded the motion moved by the Deputy Minority Leader of the House of Representatives, Chuchu Onyema.
Governor Ifeanyi Ugwuanyi of Enugu State as well as the Deputy Governor of Ebonyi State and several National Assembly members equally attended the meeting.
On the fight against corruption, Ekweremadu accused the President Muhammadu Buhari’s administration of adopting a selective-approach in its anti-corruption war.
He said: “The fight against corruption is selective, most of them are media orchestrated; we are prepared to join hands with the government to fight corruption but it must be done in a very civilized way. Even the international community is no longer taking us serious.”
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