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Nairaland Forum / Nairaland / General / Politics / APC States Incurred Bulk Of Nigeria’s $63 Billion Debt — PDP (301 Views)
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APC States Incurred Bulk Of Nigeria’s $63 Billion Debt — PDP by clara472: 9:27pm On May 25, 2015 |
The Peoples Democratic Party has accused Vice President-elect, Yemi Osinbajo, of misrepresenting facts regarding Nigeria’s economy, particularly regarding the country’s debt profile. The PDP in a statement by its National Publicity Secretary, Olisa Metuh, on Monday criticised the Vice President-elect for failing to be bold and honest enough to also inform the nation that the bulk of the $63.7 billion debt was incurred by APC states. Metuh noted that it's on record that part of the contemporary borrowing from the domestic bond market was due to the global economic and financial crisis and fall in crude oild price, which adversely affected other economies of the world. He asked the in-coming administration to stop giving excuses and reneging on campaign promises, saying the APC and the President-elect, Muhammadu Buhari, ought to have known about the economic challenges facing the country before making bogus promises to Nigerians. PS: This article is a summarized version of the original news Source: http://thesummary.com.ng/index.php/political-news/item/1037-apc-states-incurred-bulk-of-nigeria-s-63-billion-debt-pdp |
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