Home » News »  PDP RAISES CONCERN OVER PRESIDENT MUHAMMADU BUHARI’S 5.5BILLION DOLLARS LOAN REQUEST

 PDP RAISES CONCERN OVER PRESIDENT MUHAMMADU BUHARI’S 5.5BILLION DOLLARS LOAN REQUEST

 

The Peoples Democratic Party (PDP) has raised its voice against President MUHAMMADU BUHARI’s fresh external loan request of 5.5billion dollars pending before the National Assembly for approval.

In a statement by the National Publicity Secretary of the PDP, DAYO ADEYEYE, on Wednesday, the opposition party accused the President of mortgaging the future of the unborn generation of Nigerians through “needless and mindless” borrowing.

Describing the government’s penchant or borrowing as mind-boggling, the PDP warned that the fresh 5.5billion dollars loan request was capable of pushing the nation down the black hole of debt that could adversely affect the future of the country.

The party challenged President Buhari to explain to Nigerians what his government has done with the huge sums borrowed in the last two years in the name of financing infrastructural development in the country.

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