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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.

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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.

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Idongesit Akpa-Ayang

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

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