The Peoples Democratic Party has raised questions over Federal Government’s “unwholesome” borrowings amounting to N24.38 trillion debts as the end of last year.
She explained that the figure was N2.66 trillion higher than the N21.7 trillion recorded as at December 31, 2017, and represents a year-on-year growth of 12.25 per cent.In a statement by its spokesman Kola Ologbondiyan, the PDP blamed the government for what it described as saddening and devastating debt overhang on the nation.
The DMO boss had explained that the funds were borrowed to finance projects, fund budget deficit and meet maturing obligations, noting that 68.18 per cent of the debt are domestic. But the PDP blamed the administration for its reliance on heavy borrowings and unbearable tax regimes, which the party said have crippled productivity, caused untold hardship and mortgaged the economic future of the nation.
Me to NASS probe the monumental fraud perpetrated by PDP in its 16yrs of ruling. Especially the $16bn electricity project under OBJ's watch.
Stupid man. Were those money accumulated from 2015 to date? i thought bald headed people use to have plenty of sense until now or except that is only limited to this buffoon
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PDP demands National Assembly probe into Nigeria's N24.38trn debt – Daily TrustThe Peoples Democratic Party (PDP) has asked the National Assembly to probe the increasing borrowing by the APC-led government which allegedly has led to a national debt of N24.38 trillion.
Source: Daily Trust - 🏆 13. / 51 Read more »
Probe Nigeria’s N24.38trn debt, PDP asks N/Assembly – Daily TrustThe PDP has asked the National Assembly to probe the increasing borrowing by the APC-led government which has allegedly led to a national debt of N24.38 trillion. The PDP, in a statement, yesterday, by its National Publicity Secretary, Kola Ologbondiyan, argued that the debt profile in 2015 was N12.12 trillion but later rose to N24.38 …
Source: Daily Trust - 🏆 13. / 51 Read more »
PDP calls on N/Assembly to probe FG's N24.3 trn debt profileThe Peoples Democratic Party (PDP) has raised questions over Federal Government's 'unwholesome' borrowings amounting to N24.38 trillion debts, Are they calling as a party to reclaim their stupid perceived mandate or conglomerate of ranting evil and devilish individuals under one coven umbrella.
Source: TheNationNews - 🏆 6. / 69 Read more »
PDP queries FG, Presidency over N24.38tr debt profile - Vanguard NewsThe Peoples Democratic Party, PDP, has chided the All Progressives Congress, APC-led federal government and Presidency over alleged unwholesome borrowings leading to the escalation of the nation debt stock from N12.12 trillion in 2015 to a kingly sum of N24.38 trillion in 2018. vanguardngr Don't waste your time.All they will do is the usual,blame the PDP for 16years of waste.
Source: vanguardngrnews - 🏆 5. / 75 Read more »