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$500m Loan: PDP Blasts Lai Mohammed, Says Presidency Lending To Satisfy Cabal

A file photograph of Mr Lai Mohammed



The Peoples Democratic Party (PDP) has informed the Minister of Information and Culture, Alhaji Lai Mohammed, to bury each considered additional ‘mortgaging the nation’s future’ by securing $500 million {dollars} (N182 billion) mortgage, purportedly for the upgrading of the Nigerian Television Authority (NTA).

In an announcement on Monday by its spokesman, Kola Ologbondiyan, the PDP additionally urged the National Assembly to save lots of the nation by refusing the request by President Muhammadu Buhari “to plunge our nation into more debt through his request for additional $29.9 billion dollars loan, in which the said $500 million and other unexplained subheads are embedded”.

The occasion claimed that the mortgage was a transparent try by the cabal within the Buhari Presidency to worsen the financial scenario in our nation through using phony initiatives as a guise to attract international funds to service ‘their selfish’ financial and political pursuits.

According to the occasion notes beneath the Buhari Presidency, our international debt has amassed to $83 billion {dollars} with nothing to indicate aside from the excruciating unemployment fee, decayed infrastructure, a worsening governance system, escalated insecurity and unprecedented poverty.

The PDP harassed that the request for the approval of $500 million is aimed toward setting the stage for additional fleecing of our nation’s financial system because the Federal Government beneath the Buhari administration has proven no dedication in the direction of nation-building, transparency and accountability in governance.

As far because the occasion is anxious, the Federal Government has did not current particulars of the requested $29.9 billion {dollars} mortgage through which the $500 million being requested by the Minister of Information and Culture is embedded; a growth that factors to nothing however the corruption within the Buhari administration.

While counselling the Minister to perish the ideas of $500 million, the PDP charged him to make use of his look on the National Assembly to provide an account of the funds up to now launched to the Ministry of Information and Culture which has been stricken by instances and allegations of corruption beneath his watch.

The occasion additionally charged Lai Mohammed to right away present solutions to circumstances surrounding the reported National Broadcasting Commission (NBC) N2.5 billion fraud.

The PDP urged the National Assembly to shelve all requests for international loans till the Buhari Presidency heed to the demand by Nigerians to open its books and publish particulars of all monetary transactions on international loans in addition to spending from the federation account in order to safe our financial system from the bazaar of the corrupt cabal within the Buhari Presidency.

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