Debt overhang: APC replies PDP, says Buhari using loans for development

The All Progressives Congress (APC) has faulted the claims of the opposition, Peoples Democratic Party (PDP) on relentless borrowings by the Federal Government.

According to the APC, the loans were invested in the development of critical infrastructure across the country just as it chided the opposition for lacking understanding about government’s spending.

APC’s Caretaker Committee Secretary Senator James Akpanudoedehe said in a statement he issued on Tuesday that the loans were judiciously utilised, instead of ending up in private pockets, reminiscent of when the PDP was in power.

He said the PDP was locked in a crisis of confidence, adding that it has failed to serve as a credible opposition in democracy, adding that the alarm is a feature of a sinking platform struggling to clutch on any available straw to remain afloat.

“The sinking PDP is panicking due to its dwindling fortunes as the All Progressives Congress (APC) registered members hit over 40 million, with PDP members, including governors leaving the party in droves and joining the APC.

“While the PDP continues to clutch on straws as it sinks into political oblivion, the APC-led federal government and states governed by the APC are busy providing critical infrastructure, expanding access to education, providing health facilities and economically empowering citizens.”

Akpanduoehehe accused  PDP governors of indulging in frequent weekend jamborees, where they waste scarce resources at a time some of them are owning workers’ salaries and pensions.

He said the case of Benue and Taraba states stands out.

The APC scribe also berated the PDP for its legacy of abandoned projects.

He said: “Perhaps, the PDP is referring to the litany of abandoned projects it left behind all over the country despite spending 16 years in power and receiving unprecedented earnings when crude oil sold for as high as $150 per barrel.

“The President Buhari government from inception took a good, progressive, patriotic and apolitical decision to complete the abandoned projects and Nigerians have been the ultimate beneficiaries.” He said.

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