₦airaland Forum

What about Akpabio! working and showing results. APC government are said to be the ones owing most and leaving dept behind for their predecessors

again??

Chai! this man is really working o! A good name is better than stealing o! Una don see!

lol! 'Blessing to Rivers People' Indeed I beg leave me

Safe trip back home! Gods will be done!

The Peoples Democratic Party, PDP, has accused Vice President-elect, Yemi Osinbajo, of misrepresenting facts regarding Nigeria’s economy , particularly, the correct status of the country’s debt stock.

The PDP said Mr. Osinbajo’s recent claim that the Jonathan administration was leaving behind a $60 billion debt, was a deliberate attempt to discredit the PDP.

Mr. Osinbanjo made the claim last week while opening a two-day Policy Dialogue on the implementation of the Agenda for Change organised by the Policy, Research and Strategy Directorate of the APC Presidential Campaign Council in Abuja.

He said that currently, Nigeria’s local and international debt stands at US$60 billion.

“Our Debt servicing bill for 2015 is N953.6 billion, 21 per cent of our Budget. On account of severely dwindled resources, over two-thirds of the states in Nigeria owe salaries. Federal institutions are not in much better shape. Today, the nation borrows to fund recurrent expenditure,” he said.

The minister of finance, Ngozi Okonjo-Iweala, later said the total debt was $63 billion, but said it represented state and federal debts, the bulk of it predating the Jonathan administration.

The PDP in a statement by its National Publicity Secretary, Olisa Metuh, on Monday criticized the Vice President-elect for failing to be bold and honest enough to also inform the nation that the bulk of the $63.7 billion debt was incurred by APC states.

“It is indeed unfortunate that the Vice President-elect who has the details of the debt stock chose to be economical with the truth and to mislead Nigerians just to discredit the current PDP-led administration and rationalize APC’s unpreparedness for governance,” the PDP said.

“Prof. Osinbajo is aware that the $63.7 billion is made up of external and domestic debts belonging not only to the Federal Government but to federal and state governments and accumulating since the 1960s, yet he deliberately misrepresented the facts to give the unsuspecting public the impression that the amount was exclusively incurred by the current Federal Government.

“Perhaps the Vice President-elect avoided the details so as not to expose the fact that the APC controlled Lagos state has both the highest external debt stock of $1,169, billion as well as the highest domestic debt stock of N278, 867 billion.

“Furthermore we find it unacceptable and unstatesmanly for the Vice President-elect to attempt to mislead Nigerians into believing that the total federal debt component was accumulated under the President Goodluck Jonathan-led administration, when it is on record that a greater chunk of the amount was inherited”, the statement said.

The party said it was also on record that part of the contemporary borrowing from the domestic bond market was occasioned by the global economic and financial crisis as well as the downturn in crude oil revenue, which adversely affected other economies of the world.

Berating the in-coming administration for dwelling on excuses and reneging on campaign promises, the PDP wondered if the APC and the President-elect, Muhammadu Buhari did not know about the economic challenges caused by the dwindling oil revenues before making their bogus promises to Nigerians.

“The APC must fulfill its promises for which Nigerians voted for them. Were they not aware of the debt stock and the dwindling oil revenues before making their huge promises to the people? Were the promises only intended as carrots to mislead the people and deceitfully win their votes after which they are dumped?” the PDP queried.

The party said the in-coming administration should stop contriving excuses and understand that Nigerians expect nothing short of the fulfillment of its campaign promises in its four years rule, especially given that the solid foundation for wealth creation has already been laid by the PDP, which also remained truthful and honest in making promises to the people during the campaigns.

The PDP said, “come June ending, the APC must be ready to commence in a very transparent manner, the payment of monthly N5,000 to 25 million poor Nigerians from across the country, monthly allowances for discharged but yet to be employed youth corps members as well as commence delivery of free meals to school children among other promises”.

http://www.premiumtimesng.com/news/top-news/183665-bulk-of-nigerias-63-billion-debt-incurred-by-apc-states-pdp.html

otemanuduno:
I said it earlier...Jonathan's refusal to supply electricity for the Fulani to charge their radios brought about the protest which led to the death of 100 people...

joking I can see!!

No Source..........Fake News!! ..........Waste of time......Flip to the next thread.

otemanuduno:
JONATHAN AND JONATHAN ALONE SHOULD BE HELD RESPONSIBLE FOR THIS.

Why? Explain

dearpreye:
These Benue folks need to do something about these senseless killings perpetrated by the foolanis! ......

Yeap they should not just seat there and watch their wifes and children and aged ones been killed.

Rich4god:
Wat I don't understand is.... How can a state with a sitting governor be terrorized to this extent and d gov can't do a thing abt it... Has he ever made a statement to the public with regards to all these killings... Smh4 nigeria

Baffles me too.....lets see what the new APC elect governor of Benue state will do.

Close down Oodua Radio Station instead!

Allee90:
Ameachi fears no human because he has the ultimate protection from the owners of Nigeria. If anyone dare touches Ameachi, the Born to rule harvoc will be meted on him. Nigeria belongs to Hausa Fulanis which Ameachi is our trusted ally!!!

You will be disappointed!!

ybalogs:
Perform better than Amaechi? Very impossible . if you've been to PH, you'll definitely understand my stand besides Wike is just a trumpet, he only says and does what he's been asked to do. He doesn't have a mind of himself and I'm pretty sure we all will soon get to know that once he assumes office. We are indeed watching.

Clearly shows you don't belong in and to Rivers State. Ameachi is a small boy where Wike is..............any true Rivers Son will tell you. lol!

True Talk!! Agreed!

shammah1:
I pity you dreamer. The people of Rivers have already spoken. No going back. If they like let them conduct 1 thousand gubernatorial elections. Wike will still win with wide margins

Why is this an issue. Whenever there is fuel scarcity this happens in every station where fuel is sold.

Soilder/Police dry in and are first attended to irrespective of persons that have been waiting endlessly. It never bothered me cos someone felt they should be given some advantage because of nature of their work............but yes sometimes they over do it. Nothing new happens often!

No Source..........Fake News!! ..........Waste of time......Flip to the next thread.

PDP should consider this option!

Once Subsidy is discontinued it will be just fine

No Comment!

Ok they want GMB to hear their voice.............so they wont get dissolved. until then!

No Source..........Fake News!! ..........Waste of time......Flip to the next thread.

Haters at work which yeye site be http://streetgist.com/ifeanyi-uba-keep-your-stolen-fuel-or-drop-it-in-the-lagoon-by-joseph-edgar/ ?

Not a recognised Source..........Fake News!! ..........Waste of time......Flip to the next thread.

Haters will rot in hell!!! be warned!!!!

Good comment

....His explanation is not still justified!

No Source..........Fake News!! ..........Waste of time......Flip to the next thread.

No Source..........Fake News!! ..........Waste of time......Flip to the next thread.

RIP! Gallant Fighter! Thank You

.....Still doing boy friend and girl friend. Hmn!

Hoe does this help me!

MKO4ever:
This man must be a Yoruba man!

For sure!