Politics

PDP Gives Reasons Nigerians Should Demand Reversal Of $22.7Bn Foreign Loan Approval By APC Senators

The Peoples Democratic Party (PDP) has berated All Progressives Congress (APC) senators for approving President Muhammadu Buhari’s request for a fresh $22.7 billion loan, which had been rejected by Nigerians across the board.

Nigeria’s main opposition party said in approving more financial burden on the nation, the APC senators have further shown that their party does not have the interest of the citizens at heart, but is only out to repress and plunge them into more hardship just for their selfish gains.

The PDP said in a statement on Thursday, March 5, by Mr Kola Ologbondiyan, its National Publicity Secretary, that it is distressing that the APC senators approved the loan, even when the Buhari Presidency have not justified the request; a situation that validates apprehensions that the APC senators have become rubber stamp legislators.

According to the party, the fact that the $22.7 billion loan request brimmed with unexplained, obscure, over-bloated and questionable subheads, such as the scandalous $500 million dollars (N180 billion) smuggled in under the guise of upgrading the Nigerian Television Authority (NTA), shows that the APC and a cabal in the Presidency are in a huge financial racket, for which they are ready to plunge the citizens into more suffering.

The PDP alleged that in approving the loan, even after it was clear that Nigerians are averse to it, the APC senators have confirmed that they are in league with other APC leaders to fleece our nation and bring more hardship to Nigerians.

The party stated that it is disheartening that under the Buhari administration foreign debt has continued to accumulate with nothing to show other than excruciating unemployment rate, decayed infrastructure, a worsening governance system, escalated insecurity and unprecedented poverty.

The party however, commended the PDP senators for standing with Nigerians in fearlessly rejecting the loan as it will bring more hardship and further mortgage the future of the country.

The PDP said it therefore calls on Nigerians to unite in defence of the country by raising their voices to demand that the Senate reverses this unpatriotic approval, which is completely against Nigeria’s national interest.

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