A Chieftain of the People’s Democratic Party(PDP), Dr. Emeka Kalu has described the five years of APC in Nigeria as “embarrassing and depressing” for allegedly not delivering the dividends of democracy to the Nigerians.
Kalu in a statement signed by him, frowned at the nation’s debt profile with no verifiable key infrastructures to justify the amount borrowed so far.
You May Also Like
- Ultimate Love: Roskie wins, smiles home with N5m
- Total lockdown in Lagos, Ogun, and Abuja – Presidency
- Why Cashless policy in Ikoyi Passport Office’ll drive away touts – Expert
He said “Take a look, you will find out why we need to vote them out. APC should take their place in the dustbin of history for their unprecedented failure.
So far, this is how much loan they have borrowed with nothing to show for:
$3.4 billion loan from IMF
$2.5 billion loan from IBRD
$1 billion loan from AfDB
N850 billion domestic loan
N150 billion Ijarah Sukuk loan
Now another fresh request
$3.4 billion loan from IMF
$1.5 billion loan from IBRD
$500 million loan from AfDB
$113 million loan from IsDB
This is in addition to the existing about
N28 trillion debt (80% borne by the FG).
Remember, when this administration came to power our total debt was little above #7 trillion.
We merely hear of approvals of billions of naira with nothing on ground to show.”
Dr Kalu also condemned the use of state apparatus to silent opposition politicians
“The most ugly aspect of their era is the frequent use of force to silent critics using the DSS and police.”
“The APC led Federal Government has become unpopular and are now using force to intimidate opposition states, sponsor campaigns of calumny against them and generate political and economic tensions within their states.”
He, however, urged Nigerians not to be deterred by the antics and failures of the APC government by giving up on the Nigerian project. He assured Nigerians of the readiness of the PDP to reclaim power back from the APC by 2023.
