PDP queries Buhari on $2.1 bn World Bank loan

The PDP made the allegation Sunday at a press conference addressed by Publicity Secretary of the party, Chief Olisa Metuh.

“We have information that the Presidency acting alone, has gone into discussions with the World Bank for a loan of $2.1 billion for purposes unknown to Nigerians. What is the loan for? What are the terms and who are those working the papers? Who are the people to decide on how the money will be spent? Is it true that the $2.1 billion loan is meant to pay back huge contributions for the APC Presidential campaign expenses? If truly this government is transparent, it should come out clear on this loan as well as publicize details of its expenditure in the last two months”, the party said.

The party which also criticized the president for the dwindling value of the Naira attributed the problem to ineptitude.

“We are worried that the ineptitude, avoidable inactivity, lack of policy direction and absence of ministers to coordinate government affairs have left the nation’s economy sour with continued slide in the naira which has fallen from under N200 to the dollar in May to an all time low of N240, in addition to the excruciating loss in the capital market which has lost over N1.1 trillion in the last two months”, he said.

The party attributed the decision of the Buhari to appoint his ministers in September  as a display of insensitivity.

“ Nigerians should brace up for more economic loses ahead, a development which spells doom for the gains earlier achieved by the PDP administration in growing our economy to the biggest in Africa and one of the fastest growing in the world”, the party said.

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PDP called on the APC-led administration to settle down, put its acts together and get determined, without further excuse, to face the fight against insurgency with every sense of seriousness especially given President Buhari’s promise in his April 2, 2015 CNN interview to end the scourge of Boko Haram two months after his inauguration, which is by the end of this month.

“Also, while Nigerians awaited for reassuring words to promote our democracy and unity as a nation, they were shocked as they watched President Buhari unfold to the world his decision to administer the country on the basis of the voting pattern in the last general elections rather than on equity as stipulated by the constitution and his oaths of office as the President of Nigeria.

“President Buhari told a stunned audience in the US that “constituencies that gave me 97 percent cannot in all honesty be treated, on some issues, with constituencies that gave me 5 percent”, signifying that his government will be discriminatory”, the party said, stressing that never in the history of our nation has a president made such a divisive and vindictive declaration.

“Never in the history of Nigeria has a President made such tendentious, biased and partisan statement, a blade on the chord of unity of his own country and people”, the party said.