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$4bn Loan: Our Borrowings Good For Nigeria, Says APC - Politics - Nairaland

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Unremitted Funds: How Buhari’s Appointees Sabotage Economy, Worsen Borrowings / Buhari asks G20 to cancel Nigeria’s debt after fresh $4bn, €710m loan request / Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m (2) (3) (4)

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$4bn Loan: Our Borrowings Good For Nigeria, Says APC by ogododo: 8:41pm On Sep 15, 2021
The All Progressives Congress has risen in defence of plans by the regime of the President, Major General Muhammadu Buhari (retd.), to borrow an additional $4bn from foreign lenders to finance development projects.

The party explained that the regime was seeking additional loans to finance critical infrastructure projects to stimulate the economy and create jobs in the nation’s interest.

This was contained in a statement titled, “APC to PDP: Borrowings are to finance development projects.” The statement was signed by the party’s National Secretary, Senator John Akpanudoedehe, in Abuja, on Wednesday.

Akpanudoedehe said, “Borrowings by the President Muhammadu Buhari-led federal government is for the good of the country as the money is used to develop critical infrastructure that is stimulating economic growth, generating jobs, reducing poverty and improving the general well-being of the citizenry.

“Unlike in the brazen looting days of the Peoples Democratic Party (PDP), the borrowings are designed to finance the deficit in the 2021 budget to enable the realisation of the Nigerian Economic Sustainability Plan that touches key sectors such as infrastructure development, boosting healthcare services, strengthening agriculture to deepen food security, more energy generation and continued tackling of the ravaging COVID-19 global pandemic.

“From the foregoing, it is abundantly clear that the borrowing is hinged on genuine needs and based on the necessity to strengthen the foundation of the national economy and achieve the desired primary purpose of the government of uplifting the living standard of the citizens.


“It was in PDP’s era that loans to fund power generation, purchase arms and ammunition to fight a raging insurgency were misappropriated and diverted to fund PDP activities; and the borrowed money ultimately found its way to the pockets of cronies, friends and family members of administration officials. Nigeria is still servicing a $460m loan taken from China to fund a phoney Abuja Closed-Circuit Television contract awarded in August 2010.”



The governing party urged Nigerians to recall that the PDP had, in its 16 years of misrule, pushed the country into a dark ditch of insolvency, and a period in which most state governments could not pay workers’ salaries – not even the minimum wage – or settle contractors’ bills and cater for patients in hospitals, to name a few.

Akpanidoedehe welcomed the bi-partisan support the President was receiving from the National Assembly.

In response, the National Publicity Secretary of the Peoples Democratic Party, Kola Ologbondiyan, said, “For us in the PDP, the APC has simply confirmed what we have always known since 2015. The APC can only function in opposition; it simply lacks what it takes to provide leadership.

“This regime is the least qualified to talk about corruption; it is simply borrowing to finance the corrupt lifestyles of its party leaders and their cronies. The money borrowed since 2014 has ended up in private pockets. This explains the various financial scandals in FIRS, NPA, NHIS, NCC and several government parastatals under their watch. Nigerians have started a countdown to 2023.”


https://punchng.com/4bn-loan-our-borrowings-good-for-nigeria-says-apc/

1 Like 1 Share

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by Fahdiga(m): 8:42pm On Sep 15, 2021
What an incoherent and disjointed gibberish aimed at deceiving the gullibles. All this borrowings with nothing to show for it. INEC should do Nigerians a favor by de registering this devilish party from the pit of hell. They came to kill and destroy

135 Likes 9 Shares

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by Truthissupreme: 8:42pm On Sep 15, 2021
Why mamabbqkills no dey ever dey this kind thread to defend

Abi shimgba no dey reach He/Her after buhari use the loan pay northern businessmen

74 Likes 2 Shares

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by chatinent: 8:45pm On Sep 15, 2021
Who dem dey leave all these debts for?

So that they all would run abroad and we become enslaved forever paying irrevocable debts?

27 Likes

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by Xhuntra: 8:47pm On Sep 15, 2021
Fools

U won't find dat senior zombie - manabbqgrillz here; evil people.

73 Likes 4 Shares

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by Naijanascam: 9:05pm On Sep 15, 2021
You guys are synonymous with borrowing........ even to the point of borrowing to pay debt.....

28 Likes 1 Share

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by Lastmankc(m): 9:18pm On Sep 15, 2021
It shall never be well with this evil party and the people that brought this evil party to us.

68 Likes 8 Shares

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by ogododo: 9:27pm On Sep 15, 2021
Fahdiga:
What an incoherent and disjointed gibberish aimed at deceiving the gullibles. All this borrowings with nothing to show for it. INEC should do Nigerians a favor by de registering this devilish party from the pit of hell. They came to kill and destroy
Aha haha.
Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by ogododo: 9:47pm On Sep 15, 2021
Begi begi no good. Just like borrow borrow.

9 Likes

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by inoki247: 9:53pm On Sep 15, 2021
yea good for you people pocket.....

6 Likes

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by ogododo: 10:30pm On Sep 15, 2021
Lalasticlala
Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by WibusJaga: 10:40pm On Sep 15, 2021

The party explained that the regime was seeking additional loans to finance critical infrastructure projects to stimulate the economy and create jobs in the nation’s interest.

Story. All the ones wey una borro b4 never stimulate nothing. Na dis one go come do the magic.
Naira is on a free fall. Prices are skyrocketing everyday, insecurity everywhere, endless strikes by ASUU, Doctors...
Make una de deceive unaself there.

33 Likes 1 Share

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by Eriokanmi: 10:40pm On Sep 15, 2021
Yea, it's good only when your earnings remain stable. Crude isn't bringing in reasonable revenues as usual as prices keep falling at the int'l market. On this note, its not good at all.

3 Likes

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by puyol005(m): 10:41pm On Sep 15, 2021
This banter is on us the taxpayers... He enter well.
Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by lytech1(m): 10:41pm On Sep 15, 2021
The most annoying part is this people will still win come 2023

Who are the people voting for them?

13 Likes

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by vatirod481(m): 10:41pm On Sep 15, 2021
I hope this country gets free from all this debt some day

1 Like

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by asobo1: 10:41pm On Sep 15, 2021
H
Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by Lewisalexander(m): 10:41pm On Sep 15, 2021
Una never see anything. I laugh

3 Likes

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by Fortune118005(m): 10:42pm On Sep 15, 2021
How is it good?

1 Like

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by asobo1: 10:42pm On Sep 15, 2021
Devil punish una. Evil people

7 Likes

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by NwaNimo1(m): 10:42pm On Sep 15, 2021

7 Likes 1 Share

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by Reinaldo: 10:42pm On Sep 15, 2021
Ehn?
Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by Cj4charles(m): 10:42pm On Sep 15, 2021
I never expected this evil party to say anything less than this

3 Likes

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by Zubydeangelo(m): 10:43pm On Sep 15, 2021
ogododo:



https://punchng.com/4bn-loan-our-borrowings-good-for-nigeria-says-apc/
How did you arrive @ that conclusion? Who told you? Una don comot from being a political party to Nigerians' welfare officers?

5 Likes 1 Share

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by triple996(m): 10:43pm On Sep 15, 2021
Shit see different versions of wailling cheesy. Losers
Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by saintjimos(m): 10:43pm On Sep 15, 2021
May God help us

Borrow money and loot
Repeat the process again and again

4 Likes

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by Simeon88(m): 10:43pm On Sep 15, 2021
How will we pay back this loans? That's my only concern

1 Like

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by jolyment: 10:44pm On Sep 15, 2021
Yeye people

1 Like

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by Observinho: 10:44pm On Sep 15, 2021
We are counting down: 20 months to go. Still far, but we will get there.

5 Likes 1 Share

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by Cantonese: 10:44pm On Sep 15, 2021
Na wah.

Was this man not in the PDP in the years that he mentioned? If he was in the PDP in those years, then he has told us not to doubt the fact that he was part of his so called looting.

What do we call the looting presently being perpetrated by the so called “saints” in the APC?

2 Likes

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by Dymaco(m): 10:45pm On Sep 15, 2021
Mannabbqgrills I beg you.... What do you have to say about this?
Imagine the effontery, rubbing it on our face

6 Likes

Re: $4bn Loan: Our Borrowings Good For Nigeria, Says APC by jaxxy(m): 10:45pm On Sep 15, 2021
When did Apc speak for all Nigerians?

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