Niger APC, Gov Clash Over Debt - Politics - Nairaland
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| Niger APC, Gov Clash Over Debt by IsaAbubakaAzeez: 4:57am On Mar 02, 2015 |
The All Progressives Congress in Niger State on Sunday expressed concern over the debt burden hanging on the state due to reckless loans collected over the years. A statement by the APC spokesman, Jonathan Vatsa, stated that besides commercial term loans, the government had also gone to the capital market to collect bonds which outstanding debt stock by the end of 2014 stood at N16,347,232,682.81. Vatsa said the burden was too heavy to carry silently without questions. He said the sorry state of the state indebtedness continued with the commercial term loans which was N5,462,217.817.38, taken from two commercial banks all between 2013 and the end of 2014. According to the statement, the APC stated that in September 2013 the state government collected N1bn loan. In February 2014, the statement said a loan of N2.68bn loan was collected. In June 2014, another N2bn loan was collected while in October 2014, N2bn loan was received, it said. It summed up to over N5.4bn commercial bank loans hanging heavily on the state. “The state has balance of outstanding external debt amounting to N4.6bn, apart from the stinky commercial loan taken within 12 months and the huge state and local government pension arrears put at N2.3bn and N7.17bn, respectively. “The amounts stated above bring the total outstanding debt stock of about N36bn hanging on the state by the end of 2014. We challenge the Debt Management Office of the state to come out with the state debt stock.” The statement read, “With the above debt stock, the APC is ready to challenge the state government, led by Governor Babangida Aliyu, to a public court on what the loans collected were used to finance. It said the APC would continue to expose the dangers of allowing the loan and bond collection to continue beyond May 2015. But the Chief Press Secretary to Niger State Governor, Israel Ebije, has described the N36bn loan allegation by the APC as a move by the opposition to create distraction from what he described as a lost battle to impress the electorate with meaningful manifesto. He said contrary to allegations by the APC that the government obtained N36bn loan, the present administration had never obtained or contemplated collecting any loan, either foreign or domestic, since its inception in 2007 http://www.punchng.com/news/niger-apc-gov-clash-over-debt/?utm_source=twitterfeed&utm_medium=twitter |
| Re: Niger APC, Gov Clash Over Debt by IsaAbubakaAzeez: 4:57am On Mar 02, 2015 |
Apc is a cancer to Nigeria Buhari is a terrorist Apc Is bokoharam Tinubu is a bastard Osibanjo is a vagabond Elrufai is a midget Obasanjo is a monkey Lier Muhammed is charlatan Amaechi is a thief Oshiomole is a scallywag Kwankwanso is a cow Ambode is a clown Aregbesola is a nincompoops Fashola is a hooligan Oyegun is vulture Delemomodu is pig Igbokwe is a goat Gej till2019 the Schizophrenic sick Pa Buhari is a terrorist, deranged old brainless super clueless bastard Apc is boko haram Thiefnu.bu is a pedophile and a cocain sniffer Buhari can only be president in sambisa and shekau would hand over to him. Osinbajo is fake and a loafer Amechi and Fashola are errand boys |
| Re: Niger APC, Gov Clash Over Debt by eleko1: 6:07am On Mar 02, 2015 |
Jona has rendered EFCC ineffective,they can't bark/bite.Why won't they misappropriate State money/steal cos Stealing is not corruption.Thieves  .That over bloated Gov na wa ooo |
| Re: Niger APC, Gov Clash Over Debt by Toktee(m): 6:33am On Mar 02, 2015 |
IsaAbubakaAzeez:lack of home training! |
| Re: Niger APC, Gov Clash Over Debt by macpetrus(m): 6:35am On Mar 02, 2015 |
Niger state!... Am not suprise, When the Governor and his Deputy Governor are runing different political Party! |
| Re: Niger APC, Gov Clash Over Debt by IsaAbubakaAzeez: 6:59am On Mar 02, 2015 |
Toktee: Just like your father |
| Re: Niger APC, Gov Clash Over Debt by Redoil: 7:03am On Mar 02, 2015 |
Toktee:how? APC inventend insult in nairaland and now they are serving it hot on them |
| Re: Niger APC, Gov Clash Over Debt by Redoil: 7:05am On Mar 02, 2015 |
Toktee:how? APC inventend insult in nairaland and now they are serving it hot on them. Go read omenka egift gbawe berem demdem post you will be shock to ur bone marrow |
| Re: Niger APC, Gov Clash Over Debt by minister2015: 8:31am On Mar 02, 2015 |
Talba is the worst gov in niger state's history. Abulolo is the governor in waiting. sai GMB/PYO |
| Re: Niger APC, Gov Clash Over Debt by Toktee(m): 10:20am On Mar 02, 2015 |
Redoil:you are not even sure of ur alcatel phone,you are posting double |
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