2019: PDP Slams Buhari "give Nigerians Explanation Over 24 Trillion Naira Debt
The Peoples Democratic Party (PDP) says President Muhammadu Buhari administration must give explanations on the reasons behind the country’s rising debt profile.
In a statement issued on Monday by Kola Ologbondiyan, national publicity secretary of the PDP, said between 2015 and 2018, Nigeria’s debt stock increased from N12.12 trillion to N24.387 trillion.
The party also claimed that some of the money borrowed was used to fund the campaign of the All Progressives Congress (APC) in the wake of the 2019 general election.
Since President Buhari assumed office in 2015, there has been a culture of unexplained borrowings leading to a steep rise in the debt stock from N17.5 trillion in 2016 to N21.72 trillion in 2017 and a huge N24.387 trillion in 2018
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