You want to know why the economy was much better under PDP? I will tell you.
Under a rent-seeking economy like ours, the bulk of TRANSACTIVE FUNDS are in the hands of government.
Public spendings, either officially or unofficially, stimulate the economy.
When PDP was in power, one politician or government contractor would go to Abuja and make (read ‘steal’) about N500m.
He would return to Lagos or his state to start projects like hotel, school, hostel, shopping mall and so on.
In other words, he would THROW THE MONEY RIGHT BACK INTO THE ECONOMY!
Check the chain: the contractor, the major material suppliers, the minor suppliers, artisans (carpenters, iron benders, bricklayers, electricians, painters, tilers, cleaners etc.) and finally, those employed when the projects were completed.
The ripple effect was always massive.
But under the APC (even with bigger thieves), they are STEALING FOR ‘SAFEKEEPING’!
Since they want sustain that lie of fighting corruption, most of those stealing under them don’t want people to know that they are making money under this fake integrity regime!
And to worsen, some of them are even changing it to dollars and repatriating abroad! Further putting serious strain on the Naira.
Now you have an idea why we are here…