PDP Blames Buhari For Nigeria’s N22tn Debt

Buhari
President Muhammadu Buhari (image courtesy Presidency)

The opposition Peoples Democratic Party (PDP) has held President Muhammadu Buhari responsible for Nigeria’s accumulated N22tn national debt.

The party claimed that if Buhari had heeded its advice to allow competent hands to manage the nation’s economy, Nigeria would not have been in this situation.

Spokesman for the major opposition party, Kola Ologbondiyan, who made this known in a statement, also alleged that the Buhari administration resorted to borrowing and allowed his cronies and APC leaders to fritter away trillions of naira earned by the nation in the last three years.

He said, “Why would the Buhari administration not accumulate debts when it has continued to cover up corrupt practices under its watch, including the alleged stealing of N9tn, through underhand oil contracts in the NNPC and Ministry of Petroleum Resources as well as the alleged illegal lifting of crude oil worth N1.1tn by 18 unregistered companies to service APC’s interests, among others.

“Moreover, the Buhari Presidency has refused to explain the whereabouts of trillions of naira unremitted oil revenue, resulting in the deadlock at the Federal Accounts Allocation Committee.

“If the money was properly accounted for and utilised, Nigeria will not be in this dire economic situation which has brought hunger and starvation on Nigerians and rendered millions of compatriots jobless, while President Buhari and his officials live in affluence.

“The PDP recalls various red flags by international agencies, including Transparency International and the World Bank on the poor management of our economy. Besides, the Presidency has been concealing the fact that the petroleum sector under President Buhari has been inducted into the FOI Hall of Shame by the Media Rights Agenda following government’s relentless secrecy and violation of rules in the sector.”

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