The Peoples Democratic Party (PDP) has charged the Federal Government to give account of the management of the N31 trillion loan from China, particularly in the face of reports that government is unable to pay salaries of workers in 428 agencies.
The party chairman, Uche Secondus who said this at its 90th National Executive Committee (NEC) meeting in Abuja, alleged that President Muhammadu Buhari has mismanaged the economy.
Secondus also told the party leaders that “the country is in a very bad shape to the extent that the populace is groaning in pains.”
“This country is sliding into bankruptcy but the government is instead embarking on endless borrowing with no accountability on the already borrowed money.
Federal Government themselves just reported last week that 428 agencies would not be able to pay salaries this November because of underfunding,” he said.
The PDP chairman further said: “At the last count, Nigeria’s debt profile is showing over N31 trillion. A lot of it has been misappropriated.
“While borrowing in economics is not bad, it depends on what the borrowed resources are being used for. With the unprecedented corruption in the system under APC watch, it would be difficult to see the borrowed funds properly deployed.”
The PDP lamented over the government’s failure to improve the lives of the citizens, saying it’s an abuse of human rights while noting that youth unemployment is growing at an alarming rate
He said, “We had also expressed deep concern at the growing human rights abuses in the system, all due to the glaring indifference of the APC administration.
“The consequences of all these failures were brought to the fore when the youths, last month, poured out their anger on the country through a nationwide protest.
“Even though the protest was triggered off by accumulated police brutality, particularly by the defunct Special Anti-Robbery Squad (SARS), it developed into a wider rebellion against injustice and poor leadership in the country,” Secondus said.
The meeting demonstrated its protest against what it called bad governance by displaying placards with different inscriptions, including #Stop borrowing, #Account for borrowed funds, #Respect Nigeria youths, #Stop the persecution of #EndSARS youth protesters, #Stop mortgaging our future, #Give Nigeria youths a voice and #No to the censoring of social media.
PDP also charged the National Assembly to reject the pressure to pass a law that would be used to censor social media.