PDP Chides Buhari Over Fresh Loans

By Ogundele Olanrewaju

The Peoples Democratic Party (PDP) has berated President Muhammadu Buhari over the plan to obtain fresh foreign loans of $4bn and €710m.

National Daily news earlier reported that the President had forwarded a letter to the National Assembly seeking its approval to borrow the fresh loans.

In the letter read by the Senate President, Ahmad Lawan, during Tuesday plenary, Buhari urged the legislature to approve grant components of $125 million.

According to the President, due to the demands in the country, there is a need to raise more funds for some “critical projects”.

But in a swift reaction, the opposition PDP rejected the move to borrow the fresh loans, saying that the Buhari administration is mortgaging the future of the country.

The PDP spokesman, Kola Ologbondiyan, stated this in a statement titled ‘Fresh $4bn, €710m loans: Buhari, APC are selling Nigeria, PDP cries out…urges NASS to probe looting of loans’, in Abuja, on Tuesday.

The PDP lamented the alleged reckless borrowing by President Buhari and the APC, saying Nigerians might eventually not have a nation that they can freely call their own.

According to the opposition party, the move by the President and his All Progressives Congress-led regime was another attempt at further mortgaging the future of Nigeria and Nigerians with less than two years left in office.