The All Progressives Congress (APC) on Tuesday justified borrowings by the Federal Government, explaining that the loans were invested in the development of critical infrastructure across the country.
The ruling party, in its reaction to Peoples Democratic Party (PDP) governors’ allegation that the huge debt profile could lead to bankruptcy, chided the opposition party for lack of understanding about government’s spending.
APC Caretaker Committee Secretary Senator James Akpanudoedehe said in a statement that the loans were judiciously utilised, instead of ending up in private pockets, reminiscent of when the PDP was in power.
He said the PDP was locked in a crisis of confidence, adding that it has failed to serve as a credible opposition in democracy.
Akpanudoehehe described the PDP’s outcry as a feature of a sinking platform struggling to clutch on any available straw to remain afloat.
He said the main opposition party was rattled by the gale of defections that hit the platform.
“While the PDP continues to clutch on straws as it sinks into political oblivion, the APC-led federal government and states governed by the APC are busy providing critical infrastructure, expanding access to education, providing health facilities and economically empowering citizens.”
Akpanduoehehe accused PDP governors of indulging in frequent weekend jamborees, where they waste scarce resources at a time some of them are owning workers’ salaries and pensions.
He said the case of Benue and Taraba states stands out.
The APC scribe also berated the PDP for its legacy of abandoned projects.
He said: “Perhaps, the PDP is referring to the litany of abandoned projects it left behind all over the country despite spending 16 years in power and receiving unprecedented earnings when crude oil sold for as high as $150 per barrel.
“The President Buhari government from inception took a good, progressive, patriotic and apolitical decision to complete the abandoned projects and Nigerians have been the ultimate beneficiaries.
“In addition, huge legacy projects being executed by the APC-led administation include the Second Niger Bridge which is set to be completed in 2022, the reconstruction of the Lagos-Ibadan dual carriageway, the Abuja-Kaduna-Zaria-Kano dual carriageway, the Abuja-Akwangwa-Lafiya-Makurdi highway which is being reconstructed and dualised.
“The initiation, completion and commissioning of the Lagos-Ibadan twin track railway line is another of such landmark projects delivered by the APC administration, even as more are underway.
“The PDP federal government failed to complete the Abuja-Kaduna railway line, which the President Buhari government completed and commissioned for the benefit of Nigerians.
“PDP needs to be reminded that It was because of its failures that Nigerians rejected it twice, in 2015 and 2019. This loss is obviously still haunting the PDP and has caused disarray within its ranks and created irreconcilable divisions”.
Akpanudoedehe added: “For a party that failed in its 16-year governance and as an opposition party, if the PDP believes that Nigerians are ready to place the administration of the country in its hand, then the PDP is a victim of its folly.
“At this point, PDP’s rudderless leadership should deal with the crisis of confidence it suffers. Our democracy deserves a credible opposition which the PDP has woefully failed to provide. Other parties must now rise to the ocassion and play the crucial role of opposition.
“Of course, the task of clearing the PDP rot is not a walk in the park considering the level of decay our nation sunk into under the watch of the PDP and the current efforts of PDP leaders to slow down our progress as a nation. However, this government, under the capable hands of President Buhari is focused and courageous enough to lead our country to its deserved place.”