All
Progressives Congress (APC) has justified the loans by the Federal Government, on
the basis that the loans were borrowed for development of critical
infrastructure nationwide. Senator James Akpanudoedehe, APC Caretaker Committee
Secretary, said this in a statement on
Tuesday. He also insisted that the loans were judiciously utilised, instead of
ending up in private pockets, reminiscent of when the PDP was in power.
Reacting
to the Peoples Democratic Party (PDP) governors’ claim that the huge debt
profile could lead to bankruptcy, he chides them for lack of understanding
about government’s spending and also said the PDP was locked in a crisis of
confidence due to the many defections from the party.
Read more details at The Nation.
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