Finance

“President Buhari and APC are selling Nigeria”- PDP condemns fresh loans

"Nigeria has lost $50bn worth of investments due to non-passage of the PIB."- President Buhari reveals

According to report reaching oyogist.com, Peoples Democratic Party (PDP) has declared that President Muhammadu Buhari and the All Progressives Congress (APC) administration are selling Nigeria.

The PDP condemned the demand for another $4billion and €710million loans by the President.

A statement by Kola Ologbondiyan, National Publicity Secretary said with the “reckless borrowing”, Nigerians might eventually not have a nation after the APC leaves power.

The spokesman lamented that the Buhari administration already accumulated N33.107trillion debt with nothing to show but decayed infrastructure and a depressed economy.

The PDP insisted that the debts hanging on the people “are for nebulous projects whose scopes, utilities, locations and contractors are largely vague”.

“The party lambasted the government for excessive borrowing “instead of seeking ways to reduce the liability they have brought upon our nation”.

“They have resorted to pillaging of national vault and suppression of productive sectors, a development that have crippled our Gross Domestic Product (GDP) to the extent that our naira, which the PDP handed over to the APC at N167 to a dollar, has collapsed to an all-time low of N557 ”

The PDP charged the National Assembly to save the nation by rising above partisan sentiments to reject the latest loan request by President Buhari.

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