Spread the love
The Peoples Democratic Party(PDP) Governors Forum has blasted the Federal  government over the current debt profile of the country, put at N36 Trillion, incurred by the All Progressives Congress(APC)-led federal government.
The forum has also  raised alarm that the  federal government is  gradually plunging Nigeria into bankruptcy with its excessive borrowings on frivolous items, adding that over 80% of the normal appropriation is being spent on debt servicing.
In a communique issued after a meeting of the Forum on Monday in Uyo, Akwa Ibom state, and read by the Chairman of the Forum and Governor of Sokoto State, Aminu Tambuwal,  the PDP Governors expressed the fear that the debt profile, if left unchecked  could saddle incoming generations with undue debt burden.
“The PDP Governors frowned at the rising and seemingly uncontrollable debt profile of Nigeria with over 80% of normal Appropriation spent on debt servicing. All the gains of the PDP Government under Chief Olusegun Obasanjo, GCFR, where Nigeria exited its foreign debt obligations has been destroyed. Borrowing for frivolous items such as funding the Nigerian Television Authority is scandalous.
” Money should only be borrowed for productive purposes as Nigeria’s current debt of over N36 Trillion Naira is becoming clearly unsustainable relative to our earnings and GDP. We should not saddle incoming generations with undue debt burden. The borrowing spree of the APC administration if unchecked, will certainly lead Nigeria into avoidable bankruptcy.
“The Forum reiterated its call, which seem to have fallen on deaf ears, for the Revenue Mobilisation, Allocation and Fiscal Commission to URGENTLY SEND the revised Revenue Allocation Formular to Mr President for onward transmission to the National Assembly for enactment, such that more resources are made available to States and Local Governments where ordinary Nigerians reside.
” It called on the Chairman and Members of the Commission to RESIGN or be relieved of their duties, if they cannot discharge this sacred constitutional duty entrusted by the Nigerian people to it. The present constitutional amendment process should make the Commission more independent and accountable to all stakeholders.
The PDP Governors who also  examined the suspension of TWITTER from operating in Nigeria, condemned the personalised reasons given for the action.
“The mere ego of Mr President is not enough for such a drastic action that deprives millions of Nigerians from such an affordable means of expression and communication. We hope that this is not a harbinger or early warning signs of descent into dictatorship.
“The meeting noted that social media regulation can only be done within the existing laws on the subject and should not be used as an attempt to punish or gag Nigerians from enjoying constitutionally guaranteed rights. Nigerian youths do not have adequate access to employment and a lot of Nigerians rely on TWITTER for their livehood, businesses and self-employment.
“This will further worsen Nigeria’s 33% unemployment rate which is the highest in the world, improve Nigerias ranking as the country with second highest poverty rate in the entire world, all of which happened under APC’s unfortunate stewardship.
“The meeting consequently requested Mr President to review the suspension of TWITTER operations in Nigeria in the national interest”. The communique read.
The meeting was attended by Aminu Waziri Tambuwal of Sokoto State(Chairman), Okezie Ikpeazu of Abia, Udom Emmanuel of Akwa Ibom,  Sen. Douye Diri( Bayelsa), Samuel Ortom(Benue), Dr. Ifeanyi Okowa(Delta)  Ifeanyi Ugwuanyi(Enugu), Nyesom Wike(Rivers), Oluseyi Abiodun Makinde(Oyo), Ahmadu Umaru Fintiri(Adamawa), Godwin Obaseki(Edo), Bala Mohammed(Bauchi), Arc Darius Ishaku(Taraba) and Deputy Governor Mahdi Mohd of Zamfara State.
*Source: Daily INDEPENDENT.

Leave a Reply

Your email address will not be published.