Politics
APC, PDP Bandy Words Over Buhari’s Fresh Loan Request
The ruling All Progressives Party (APC) and the opposition Peoples Democratic Party (PDP) have argued over President Muhammadu Buhari’s request for approval to borrow $4 billion and €710 million to fund the deficit in the 2021 budget.
Recall that the president made the request in a letter he addressed to the National Assembly on Tuesday.
The Peoples Democratic Party (PDP), in reaction to the development, cautioned the NASS against approving the request, saying it could set the country’s debt profile skyrocketing without a feasible repayment plan.
With the approval to borrow $8.3 billion and €490 million loans by its legislative body barely two months ago, Nigeria’s debt profile risks reaching over N40 trillion.
“More alarming is that the debts that APC is hanging on Nigerians are for nebulous projects whose scopes, utilities, locations and contractors are largely vague; a development that validates apprehensions of a huge swindle on our nation at the expense of innocent Nigerians, including generation yet unborn.
“Our party holds it as an act of wickedness that individuals who know that they will be leaving office in less than two years will be accumulating debts instead of seeking ways to reduce the liability they have brought upon our nation.
“The APC knows it will not be around after May 29, 2023. That is why it is pushing our nation into a deeper economic quagmire with foreign loans, which are largely diverted to the personal pockets of their corrupt leaders,” the opposition PDP said in a statement signed by its spokesperson, Kola Ologbondiyan, on Tuesday.
But responding to the PDP’s criticism, the All Progressives Congress (APC) on Wednesday, said the loans are for “the good of the country” and well-being of the citizenry.
The ruling party also accused the opposition party of looting foreign loans obtained during its 16 years rule rather than spending on infrastructure and economic growth as, according to it, Mr Buhari-led government is doing.
“It was in PDP’s era that loans to fund power generation, purchase arms and ammunition to fight a raging insurgency were misappropriated and diverted to fund PDP activities; and the borrowed money ultimately found its way to the pockets of cronies, friends and family members of administration officials. Nigeria is still servicing a $460 million loan taken from China to fund a phoney Abuja Closed-Circuit Television (CCTV) contract awarded in August 2010.
“Nigerians should also reflect and recall that the PDP had in its 16 years of misrule pushed the country into a dark ditch of insolvency, and a period in which most state governments could not pay workers salaries, not even the minimum wage, or settle contractors’ bills and cater for patients in hospitals, to name a few,” the APC interim National Secretary, John Akpanudoedehe, said.
Politics
2024 Budget: Funds Were Shared Among Senators -Abaribe
The lawmaker representing Abia South Senatorial District in the National Assembly, Senator Enyinnaya Abaribe, has explained how the Zonal Intervention Project funds were shared among senators.
Recall that the senator representing Cross River North, Agom Jarigbe on Tuesday revealed that ranking senators got N500 million each while he got nothing.
Senator Jarigbe made the revelation on the floor of the Senate while speaking on allegations of budget padding raised by the lawmaker representing Bauchi Central, Senator Abdul Ningi.
The lawmakers who have spent at least four years in the Senate are regarded as ranking senators.
Speaking on the development on a live television interview on Wednesday, Senator Abaribe denied receiving N500 million as alleged by Senator Jarigbe.
Senator Abaribe said he got N266 million from the money allocated to lawmakers in the six geo-political zones.
According to him, lawmakers from some zones, like the Northwest, which has seven states, would expect to get less than what he got, as his Southeast zone has only five states.
He said, “I have been saying that all fingers are not equal and by privilege of office, certain people will get but not every Senator gets an equal amount.
“These are six zones in the country, and every zone gets its own N10 billion in intervention. Now, if you are from the Northwest zone, because you have seven states, the senator will get less than me who comes from the five-state zone.
“My state, Abia, gets N2 billion and if we break it down for both the Senate and the representatives, the Senate is getting 40% and the House gets 60%.
“I got about N266 million as zonal intervention. The person in the Northwest who has seven states, will necessarily get less, about a hundred million and something.
“So it’s not correct when we say every constituency must get an equal amount.”
Politics
Dump PDP, Enhance Your Value, APC Woos Gov Mutfwang
Governor Caleb Mutfwang of Plateau State has been advised to defect from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC) so that his good works and value can appreciate more.
The call was made on Wednesday by the North Central APC Forum in Jos, the Plateau State capital, during the forum’s first quarter of the year meeting.
Speaking at the meeting, the APC Forum Chairman, Saleh Zazzaga, said they were meeting to review the state of the party in the region as well as the region’s economic and security situation, adding that the position of the Plateau State Governor was vital in the overall development of the region.
Zazzaga, who was also a member of the APC Presidential Campaign Council in the last election, commended Governor Mutfwang for carrying the citizenry along in his developmental efforts, noting that his approach to boost peace and security of the state as well as his calm personality was impressive.
However, he said for the governor to attain a robust and exhaustive achievement of his agenda, policies and the development of Plateau State, he should defect to the APC.
He said the governor’s defection would not amount to relegating his former party to the background, but would rather strengthen him more to develop Plateau State.
According to the Chairman, the FCT Minister, Chief Nyesom Wike, is a good example of someone who seeks development for his people and the nation at large, using any vital and handy platform or party to advance his cause.
“Governor Caleb Mutfwang has so far shown that he is a progressive governor through his works, words and deeds since assuming office. But for him to advance more, he should consider joining the APC.
“This is because joining the APC will put him on the same page with President Ahmed Bola Tinubu who has the interest of Plateau in his heart and has been doing his best to advance it.
“Besides, Governor Mutfwang will be on the same page with his other counterparts in the North Central who are of the APC, and together they will have a common ground and work for the interest and development of the region in general and their specific states in particular.
“Also, most of the legislators from the state are in APC, and they can work hand-in-hand to move the state forward, because the relationship between the executive and the legislature cannot be overemphasized in the pursuance of progress and development.
Politics
Step Aside Over Alleged Budget Padding, PDP Urges Akpabio
The Peoples DemocraticParty (PDP) on Wednesday demanded that the Senate President, Senator Godswill Akpabio, immediately steps aside and allow for an independent investigation into the allegation that a staggering N3.7 trillion was discreetly inserted into the 2024 budget for alleged non-existent projects.
In a statement released by Debo Ologunagba, National Publicity Secretary, the main opposition party also demanded that Akpabio immediately report to the Economic and Financial Crimes Commission (EFCC) over the pending case relating to N108 billion belonging to the people of Akwa Ibom State, allegedly looted under his watch as the governor.
The party similarly told the Senate President to speak out on the reported N86 billion contract scam that allegedly occurred in the Niger Delta Development Commission (NDDC) during his tenure as the Minister of Niger Delta Affairs.
The PDP condemned the suspension of Senator Abdul Ningi by the All Progressives Congress (APC) leadership in the Senate “without a detailed inquest into the issue of budget padding which he raised.”
Recall that Ningi blew the whistle on the alleged unexplained N3.7 trillion inserted into the budget, leading to his suspension from the chamber for allegedly disparaging the legislature.
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