Business NewsFinanceNews

PDP Calls on National Assembly to Investigate Loans Collected by President

PDP Calls on National Assembly to Investigate Loans Collected by President

The Peoples Democratic Party (PDP) has called on the National Assembly to set up open investigative hearings on the loans collected by the President of Nigeria, Muhammadu Buhari. Information Guide Nigeria

This is as a result of the recent request by the President for another loan by an external body.

As reported by TheGuardian the PDP said, “with the reckless borrowing by President Buhari and the APC, Nigerians might eventually not have a nation and a patrimony that they can freely call their own, after the APC, which has less than two years to vacate office, leaves government.” Jamb Results

The party fears that with debt already accumulated by President Buhari and the APC, an addition of N5.62 trillion borrowing proposed by Buhari for the 2022 budget, and now a fresh N2.66 trillion external loan, the APC will be hanging N40 trillion debt on the nation, with no clear-cut repayment plan.

PDP National Publicity Secretary, Kola Ologbondiyan, frowned at the President’s decision to get another external loan, stressing that it is a way of accumulating debts knowing that they will leave the office in less than two years.

Read Other Top News:

According to TheGuardian , he said, “the debts that APC is hanging on Nigerians are for nebulous projects, whose scope, utilities, locations and contractors are largely vague; a development that validates apprehensions of a huge swindle on our nation at the expense of innocent Nigerians, including generation yet unborn.”

According to the President’s letter, the funds will be used for projects across six geo-political zones in the country which would bring about poverty reduction, creation of employment, and protection of the most vulnerable in the society.

Check and Confirm: How much is Dollar to Naira




This post can be helpful to somebody else, please share it on Facebook, Whatsapp, Telegram and Twitter. There are buttons below for this (easy to use too)!

Copyright Warning!

Contents on this website may not be republished, reproduced, redistributed either in whole or in part without due permission or acknowledgment.

.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.

.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).

.
We publish all contents with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us at [infoguidenigeria@gmail.com] to file a complaint and we will take necessary actions immediately.



🤑 Start making money from home today!

👉 Get correct FREE TIPS and Guides on how to make money from home today. Click here to start

.

.

👍Advertise your business here!

With over 1M unique users per month across all channels, we have a large audience for you to showcase your products and services. Simply get in touch via 👉 marketing@Infoguidenigeria.com.

 

🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

👉 Make Money as InfoGuideNigeria Advertising Agents, read more here

.

Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

It looks like you're using an ad blocker!

This website InfoGuideNigeria.com is maintained by the advertising revenue and we noticed you have ad-blocking enabled. Please disable Ad-Blocker