The All Progressives Congress (APC) has defended the decisions of President Muhammadu Buhari to borrow loans for Nigeria.
The APC explained that the loans are tied to specific infrastructural development projects across the country, adding that the projects will become the legacies of the current administration.
The APC’s submission was contained in a statement on Tuesday by its National Caretaker Committee Secretary, Senator James Akpanudoedehe in reaction to the position of the opposition Peoples Democratic Party (PDP) who had warned that Buhari’s excessive borrowingmay plunge Nigeria into Akpanudoedehe in reaction to the position of the opposition Peoples Democratic Party (PDP) who had warned that Buhari’s excessive borrowingmay plunge Nigeria into bankruptcy.
However, the APC replied that the PDP were only trying to seek relevance after seeing that projects they couldn’t execute during the sixteen years they were in power at the federal level are getting completed by the Buhari administration.
The APC added that, unlike the PDP which embezzled the country’s resources and diverted money meant for projects to personal pockets, the Buhari government is focused on providing critical infrastructures for national development.
Akpanudoehehe said: “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.
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