PDP Demand FG To Account For N31Trillion Loan


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.

READ  Ibadan Landlord Arrested for Allegedly Harbouring Suspected Internet Fraudsters

“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.


    Turn your life around by getting the chance to meet with our Executive sugar mummies
    sugar daddies,gay and lesbian connections all over Nigeria,Benin Republic,Ghana, South Africa,UK,U.S.A,
    Dubai,Paris,Germany and some other countries, you are also entitled to contract opportunities,job offers in good reputable companies within Nigeria ,
    business packages,financial packages and loans offers for businesses
    by meeting our prestigious clients,who are highly rich and influential,powerful,connected,
    we have directors,C.e.o ,senators,managers,politicians,
    oil tycoon,big time Dubai and London based sugar mummies and daddies,we have ladies that owns two to three companies within one state and also ladies thatrun their business organization within
    overseas,so are you good in bed,do you have all it takes to partake in our service,we offered fast reliable service to you anywhere you are within the above
    mention countries
    ,our clients are highly connected and influential people within the society, so contact us now to get an instant hook-up today,
    PHONE NUMBERS/08145236851

    WHATSAPP NUMBER/+2348145236851


Kindly Leave a Comment