The People’s Democratic Party (PDP) has condemned the insatiable appetite for loan allegedly displayed by the President Buhari led administration.
The party’s Spokesman, Kola Ologbodiyan, in an Interview with The Punch, said judging by Buhari’s history of loans, Nigeria may soon borrow from Togo.
He said, “It ( the plan to get more loans) is the height of insensitivity. The Buhari regime’s insatiable appetite for loans is unequalled in our national history.
“Nigerians have yet to recover from the news of the mortgaging of our sovereignty to the Chinese in exchange for loans, now, we are looking for loans from Brazil.
“At the rate this regime is going, we may soon be borrowing money from Togo. What has the Buhari regime done with all the money it has borrowed since 2015? The other day, they told Nigerians they want to borrow money to construct railway lines to Niger Republic.
“We expect the National Assembly to demand that the regime account for all the loans it has collected in the name of this country since 2015 before entertaining any such request.
“We also expect the National Assembly leadership to look beyond partisan politics and consider the future of this country in taking decisions. Acting as a rubber stamp to the executive in such matters, is certainly not in Nigeria’s best interest,” the party said.
The APC said the PDP was worried that the APC had within just five years succeeded in areas where successive PDP administrations failed in 16 years.
The APC Deputy National Publicity Secretary said, “The PDP is simply confused that we are succeeding where it failed. The PDP governments collected all sorts of loans with nothing to show.
“But since 2015, all of the loans this government has collected there is evidence for all to see. Is it the loans for rail lines? What about our ongoing road projects across all the six-geopolitical zones?
“The PDP should go and settle their quarrels and see whether they can build a party. Right now, we don’t have an opposition.”