News Online reports that Onuoha Nnachi who is a Chieftain of the Peoples Democratic Party (PDP) has blamed the insecurity in the country on poor leadership by President Muhammadu Buhari.
This online news medium understands that Nnachi spoke yesterday at his Owutu, Edda home in Afikpo South Local Government Area of Ebonyi State.
According to him, the president’s inability to manage the economy is responsible for the growing insecurity in the country.
Nnachi, a former senatorial aspirant, said the president’s failure to appoint capable hands to manage the country’s economy led to its collapse.
He said: “It is a presidential issue. The president has failed the country on security. It is as if we have no president. The economic structure is not properly handled. We know that causes insecurity.
“As at February, the value of our naira was N360 to a dollar. It means if you have N360 million, you could afford a million dollars. But today, to afford a million dollars you need N480 million; that means a difference of N120 million. That’s the rate of devaluation; you cannot survive it in our economy.
“And it is true, our monetary policies are a failure, our fiscal policies are a failure because we have the wrong people in the wrong place.”
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