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January 15, 2019 Stunted economy: APC berates The Economist, HSBC for predicting Buhari’s defeat

The All Progressives Congress has rejected what it described as doomsday prophecies by two British-based institutions about Nigeria’s economy and the 2019 presidential election.

The party’s position was contained in a statement by its acting National Publicity Secretary, YEKINI NABENA, in Abuja.

The statement was the APC’s response to reports by The Economist Intelligence Unit, the research unit of The Economist, and a multinational banking and financial services company, HSBC.

The Economist had in a report by its EIU predicted that the Peoples Democratic Party would win the 2019 presidential election while the HSBC also said the second term of President MUHAMMADU BUHARI would stunt the economy of the country.

But NABENA said the reports were nothing but the usual doomsday prophesies about Nigeria, which had serially proved false, deceptive and unreliable.

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