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Outgoing administration blames APC for $60 bln debt

2015-05-26 10:03

Lagos - Vice President-elect, Yemi Osinbajo, is misrepresenting facts regarding Nigeria’s economy, particularly the correct status of the country’s debt stock, the People’s Democratic Party said.

The PDP said Osinbajo’s recent claim, as alleged, that the Goodluck Jonathan administration was leaving behind a $60 billion debt, was a deliberate attempt to discredit the PDP.

It is reported Osinbanjo made the claim last week while opening a two-day Policy Dialogue on the implementation of the Agenda for Change organised by the Policy, Research and Strategy Directorate of the APC Presidential Campaign Council in Abuja.

“It is indeed unfortunate that the Vice President-elect who has the details of the debt stock chose to be economical with the truth and to mislead Nigerians just to discredit the current PDP-led administration and rationalize APC’s unpreparedness for governance,” the PDP said.

Also Read: PDP appoints Mohammed, as Ag. BOT chairman

“Perhaps the Vice President-elect avoided the details so as not to expose the fact that the APC controlled Lagos State has both the highest external debt stock of $1,169, billion as well as the highest domestic debt stock of N278, 867 billion.”

Berating the in-coming administration for dwelling on excuses and reneging on campaign promises, the PDP wondered if the APC and the President-elect, Muhammadu Buhari, did not know about the economic challenges caused by the dwindling oil revenues before making their bogus promises to Nigerians.

“The APC must fulfill its promises for which Nigerians voted for them.
Were they not aware of the debt stock and the dwindling oil revenues before making their huge promises to the people? Were the promises only intended as carrots to mislead the people and deceitfully win their votes after which they are dumped?” the PDP queried.

APC has previously accused the outgoing administration of seeking to disrupt systems ahead of the official power handover on Friday.

- CAJ News
Read more on: apc  |  pdp  |  politics

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