Where is this Buhari led-administration leading us to, all we hear is Buhari borrow money here and thier yet we dont know what they use it for, Come to think of it where are all the money they calm they realize within 3 years in power? i pray APC will not sell our country one da
Rising Debt: Buhari Stop Mortgaging the Future of Nigerians, Says Timi Frank ...Urges China to be Wary of Granting Loans
Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has described the astronomical rise in the nation’s Foriegn debt portfolio under the present administration as worrisome with a call on President Muhammadu Buhari to stop mortgaging the future of Nigerians.
Frank who made the declaration in a statement in Abuja also pleaded with the Chinese and other foreign governments to be wary of granting loans to the present administration.
He stated that despite over 100 per cent rise in the nation’s external debt under the Buhari administration, there is little or nothing on ground - in terms of concrete economic, social and infrastructural development to justify the huge debt already incurred by Buhari.
The former APC chieftain said that the goal of Buhari is to return the country to pre-1999 debt level which ex-President Olusegun Obasanjo fought hard to cancel.
“If something is not done urgently to stop these huge loans being amassed by Buhari,, the country’s future will be in jeopardy and our children’s children will certainly turn slaves to our creditors. Unfortunately this is the kind of future that Buhari is preparing for Nigerians - both living and yet unborn,” Frank stated.
He thanked the Chinese Government for recently signing a $328million ICT pact with Buhari but regretted that the loans they have released to the country in the last three years are not being utilized for the purposes they were meant.
“Nigerians only hear of loans that the present administration has incurred in the last three years, but there is nothing on ground to show that such amounts have come into the Federal coffers for development,” he stated.
Frank wondered how the nation’s external debt profile skyrocketed from $10billion in 2015, to $22.08bn as of June 30 this year - representing a whooping 114.05 per cent, according to statistics from the Debt Management Office (DMO).
He lamented that the nation’s local debt also currently stands at N12.15trillion.
He said: “Nigerians have not seen the proposed dividends accruable from these loans, otherwise, Nigeria would not have emerged the poverty capital of the world with over 87 million people living in extreme poverty - according to a report by the Brookings Institution on the World Poverty Clock recently.”
He urged the National Assembly to stop approving foreign loan requests by Buhari while calling on the Chinese and other world governments and international financial Institutions to desist from granting loans to the Buhari’s administration.
“The world ought to know that Buhari is on his way out as the 2019 election approaches. Therefore any loan agreement between Buhari and any entity at this point would be repaid by him in person and not the succeeding government,” he stated.
He called on the National Assembly to probe where and how the over $11billion external loans granted to Buhari’s administration in the last three years have been or are being utilized.
“This is not the way Buhari met Nigeria and he must not be allowed to worsen the economic condition of the country further, having failed to improve it. The National Assembly owes the country a duty to stop approving incessant foreign loan requests by Buhari.
“The world also owes Nigeria a duty to stop granting these loans because they are not being utilized for the welfare of the people,” he stated.
Signed
Comrade Timi Frank Former Deputy National Publicity Secretary of the APC timifrank40@gmail.com 07033555555
Rising Debt: Buhari Stop Mortgaging the Future of Nigerians, Says Timi Frank ...Urges China to be Wary of Granting Loans
Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has described the astronomical rise in the nation’s Foriegn debt portfolio under the present administration as worrisome with a call on President Muhammadu Buhari to stop mortgaging the future of Nigerians.
Frank who made the declaration in a statement in Abuja also pleaded with the Chinese and other foreign governments to be wary of granting loans to the present administration.
He stated that despite over 100 per cent rise in the nation’s external debt under the Buhari administration, there is little or nothing on ground - in terms of concrete economic, social and infrastructural development to justify the huge debt already incurred by Buhari.
The former APC chieftain said that the goal of Buhari is to return the country to pre-1999 debt level which ex-President Olusegun Obasanjo fought hard to cancel.
“If something is not done urgently to stop these huge loans being amassed by Buhari,, the country’s future will be in jeopardy and our children’s children will certainly turn slaves to our creditors. Unfortunately this is the kind of future that Buhari is preparing for Nigerians - both living and yet unborn,” Frank stated.
He thanked the Chinese Government for recently signing a $328million ICT pact with Buhari but regretted that the loans they have released to the country in the last three years are not being utilized for the purposes they were meant.
“Nigerians only hear of loans that the present administration has incurred in the last three years, but there is nothing on ground to show that such amounts have come into the Federal coffers for development,” he stated.
Frank wondered how the nation’s external debt profile skyrocketed from $10billion in 2015, to $22.08bn as of June 30 this year - representing a whooping 114.05 per cent, according to statistics from the Debt Management Office (DMO).
He lamented that the nation’s local debt also currently stands at N12.15trillion.
He said: “Nigerians have not seen the proposed dividends accruable from these loans, otherwise, Nigeria would not have emerged the poverty capital of the world with over 87 million people living in extreme poverty - according to a report by the Brookings Institution on the World Poverty Clock recently.”
He urged the National Assembly to stop approving foreign loan requests by Buhari while calling on the Chinese and other world governments and international financial Institutions to desist from granting loans to the Buhari’s administration.
“The world ought to know that Buhari is on his way out as the 2019 election approaches. Therefore any loan agreement between Buhari and any entity at this point would be repaid by him in person and not the succeeding government,” he stated.
He called on the National Assembly to probe where and how the over $11billion external loans granted to Buhari’s administration in the last three years have been or are being utilized.
“This is not the way Buhari met Nigeria and he must not be allowed to worsen the economic condition of the country further, having failed to improve it. The National Assembly owes the country a duty to stop approving incessant foreign loan requests by Buhari.
“The world also owes Nigeria a duty to stop granting these loans because they are not being utilized for the welfare of the people,” he stated.
Signed
Comrade Timi Frank Former Deputy National Publicity Secretary of the APC timifrank40@gmail.com 07033555555
Where is this Buhari led-administration leading us to, all we hear is Buhari borrow money here and thier yet we dont know what they use it for, Come to think of it where are all the money they calm they realize within 3 years in power? i pray APC will not sell our country one day
The time has come, let all be united and fight for our democracy, if you ask me 2019 is our democracy year, The year APC will be buried and remain under the ground for ever, this malicious Government must go, Hardship must end, Insecurity must end. Your Vote is Your right, Your vote is Your power, Your Vote is Voice. Don't sell Your right for meat, Don't sell Your Right for Now, protect Your feature
onubijoe: the administration of the ruling party is now some thing else to the entire country, but God grace come 2019 will end their evil doing in Nigeria
May the souls of the deceased rest in perfect peace, May God comfort their families, May God bless and protect you in all that you do sir, May your kindness and selflessness continue to bring you good fortune in all ways.
hauwabuba2: AMEN!!!! May God comfort as many that lost their love ones...
This is not the change Buhari promised Nigerian, we are tired of this administration and their way of tackling issues, all i can see in this led-administration is sets of greedy national thieves who are fake and opposite of the change they promised Us....APC is a party where thieves are covered, not people's party where power is giving back to the people....we want democracy...we want people with good governance to restructure Nigeria and take us to our dream land.
lakabush: This government is not practising true democracy at all,this is very bad. Given appointments only to some particular people and witchhunting opposition in the name of fighting corruption is the biggest form of corruption and we have to put a stop to it. APC is the most corrupt Government we have ever had.
Gov Dickson is the people's Gov no doubt, he has constantly keep to his promises in making Bayelsa a place to be, the people of Bayelsa call him talk and do Governor.....May God bless you and give you the grace to finish the good work you've started for the people of Bayelsa
lakabush: Governor Dickson has made himself a working tools in the state. He has remodelled,renovated and constructed new infrastructural development on roads, schools, healthcare, electricity and many more. He deserve an accolade and must be encorrage to do more.
Professionally, Dankwambo has proved to be exceptionally intelligent. He has passed through the qualifying examinations of seven (7) professional bodies and consequently was awarded membership of those professional Institutions. PMB and his party APC knows that Governor Dankwambo is the man who will rescue our dear country from the mess APC has sink Nigeria into. We cant fall for cheap blackmail
Of cause Dankwambo deserve to run for 2019........ His the positive change we want....... the voice of the voiceless...... his the choice of the masses
Dankwambo42019: ALHAJI IBRAHIM HASSAN DANKWAMBO: A BETTER CHOICE BEFORE NIGERIANS?
It is true that a golden fish has no hiding place. The professional, political and public service career of national and global leaders are always in public domain. Their performance or lack of it stands them out as the populace, public affairs analysts and social affairs commentators are wont to publicly and vocally assess their varied contributions to the socio-economic wellbeing of the citizenry at large.
The above musing aptly describes the dynamic and highly resourceful Governor of Gombe state, Dr Ibrahim Hassan Dankwambo, FCIB, FCA, OON, (Talban-Gombe) within the backdrop of a higher calling that is currently tolling its bell on him ahead of 2019. For the consummate technocrat, cerebral chartered accountant and super-achieving administrative helmsman par excellence, much has been written and chronicled on his superb and superlative infrastructural and developmental exploit as well as his groundbreaking reforms both in Gombe state as the incumbent chief executive officer and the office of the Accountant General of the Federation that have repositioned and recalibrated the said offices for a more credible, responsive and efficient service delivery to the people and the nation at large.
Much of the publicity has been unsolicited as the unassuming and largely self-effacing Talban Gombe believes in silent and unheeded achievements, with solid and indelible administrative reforms and infrastructural projects on ground to speak for themselves rather than engaging in undue media hype or sensational headlines that are the province of many a politician.
However, much as Dankwambo might want to avoid the public limelight, his tremendous and all-encompassing performance at various levels of governance and administration has attracted unprecedented adulation and encomiums to the extent that no less an influential and prescient man of God, the famed Catholic prelate, Father Ejike Camilus Mbaka, has predicted that the 2019 presidential mandate rests squarely on the broad shoulders of the highly respected Gombe state helmsman. The revered cleric did not mince words while prophesying that Dankwambo has the wherewithal to take Nigeria decisively and unerringly out of the woods of despair, despondency and decay that the APC-led federal government has plunged it since coming to power on May 29, 2015.
In an unequivocal and straightforward celestial pontification, Father Mbaka predicted that the savvy and articulate Dankwambo will inherit the presidential crown in order to repeat the magic that he has performed in Gombe state and at the federal level in order to bring the country closer to the standard of living and economic attainment of advanced countries in the global comity of nations; no more, no less. With the pronouncement of the Catholic priest who is renowned for the authenticity and fecundity of his prophecies and who has never for once met Dankwambo in person, the whole political configuration, calculation and permutations for 2019 has been inexorably altered.
At the moment, the vast majority of the nation’s citizenry are lining up, locked in step behind the fortuitous and auspicious candidacy of the Gombe political wonder who defied all imaginable odds to emerge the only re-elected PDP governor in the whole of the North despite the fact that the rival APC swept the region in a massive tsunami during the 2015 general election.
Indeed, the Peoples Democratic Party leadership seems galvanized by Father Mbaka’s earth-shaking prediction affirming that Dankwambo is eminently qualified to assume the mantle of presidential leadership at any time and that his candidacy must come as a huge relief for legions of the party’s faithful as well as millions of ordinary Nigerians who are craving for a credible alternative to the directionless leadership of President Muhammadu Buhari and his fellow travelers in APC. Without doubt, the last man standing, as Talban is affectionately referred to, won in Gombe on the basis of merit, hardwork, competence and exemplary performance.
He touched the lives of the people of the state in all material spheres, be it in road infrastructure, health, education, power, water supply, rural development, agriculture, manpower development and women or youth empowerment. All these sectors have been decisively and positively affected by Dankwambo’s No-Citizen-Left-Behind policy. All the eleven local government areas of the state have felt the impact of the visionary leadership of the governor. For instance, immediately after the 2015 elections, the first set of roads that were constructed Dankwambo where in the enclave of his defeated APC gubernatorial rival, Alhaji Inuwa Yahaya This was in consonance with admirable mantra of Politics Without Bitterness of the Talban Gombe.
Indeed, the infrastructural revolution embarked upon by the indefatigable governor has been unprecedented throughout the nation, dwarfing those of Lagos, Rivers, Akwa Ibom among others, on an income per capital ratio, given the fact that Gombe State receives a paltry N2 billion per annum as federal allocation compared to the over N15-N30 billion naira received annually by the aforementioned oil-producing states.
Tens of thousands of kilometers of urban and rural roads have been completed while a lot more are under construction. Hundreds of hospitals, maternity and health centres, primary, secondary and Arabic schools have been either constructed or rehabilitated with adequate supply of hospital equipment, drugs, desks, chairs and laboratory equipment respectively. In the agriculture sector, tremendous progress has been attained with fertilizer, seedlings, farm implements, tractors, harvesters, planters, sprayers and many more supplied or leased to agrarian farmers at highly subsidized rates to boost agricultural production in the Jewel of the Savannah.
Dankwambo’s youth and women empowerment programme is also a complement to his development agenda for the state as tens of thousands of women and youths have been trained in fish farming, rabbit and poultry production, bee keeping, hair dressing, barbing, sewing, tying and dying, soap making, as well as confectionary skills.
All these are geared towards enhancing their income-generating and self-sustenance status. Thousands of graduates and other categories of staff have been employed in the Gombe State public service ever since the Talban Gombe assumed office on May 29, 2011.
Indeed, to catalogue the length, breadth and scope of the landmark administrative, infrastructural and developmental exploits of the Last Man Standing is beyond the breadth of this treatise, but it is fair to surmise that the nation needs, as a matter of urgency, the leadership sagacity of Governor Dankwambo, as well as his depth of experience, vision, vigour and fortitude to pilot the ship of the Nigerian State to safer and calmer shores come 2019.
Politics › Re: Press Statement; Rising Debt: Buhari Stop Mortgaging The Future Of Nigerians... by seyihenry: 8:47pm On Sep 04, 2018
