Monday, September 24, 2018
Advertisement

Melaye: PDP borrowed N6trn in 16 years but APC in debt of 11trn in three years

Melaye: PDP borrowed N6trn in 16 years but APC in debt of 11trn in three years
March 07
18:24 2018
Advertisement

Dino Melaye, senator representing Kogi west, says the All Progressives Congress (APC)  under President Muhammadu Buhari has accrued N11 trillion debt in three years, as against N6 trillion borrowed by the Peoples Democratic Party (PDP) in 16 years.

Melaye said this while speaking at the upper legislative chamber on Wednesday.

The lawmaker said despite floating many Eurobonds, “there is no specific programme” to empower the youth.

He spoke in reaction to the rejection of Peace Corps bill by Buhari.

“About $5.5bn was borrowed from euro bond; what part of it will the youths of this country benefit from?” he asked

“About $1bn is to be spent on security and how does this affect the youth of this country.

“Without fear or favour, the Peoples Democratic Party, in 16 years, borrowed N6tn and this government in three years, has borrowed N11tn but there is no specific programme that will empower the youth.

“Also, N500bn was earmarked for the social investment programme of the federal government, but we have not seen any impact.

“If the Peace Corps is given an opportunity to exist, thousands will be employed and this will help to fight unemployment in this country.”

RECEIVE ALERTS FROM THECABLE

BBM CHANNEL C0038F78B
WHATSAPP 08113975334
TWITTER @thecableng
Copyright 2018 TheCable. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheCable.
Tags
Advertisement

Social Comments

1 Comment

  1. Adeleke Oriade
    Adeleke Oriade March 08, 00:14

    Truth! But The message and the messenger…Dino Melaye for Presido??? 😀

    Reply to this comment

Write a Comment

Your email address will not be published.
Required fields are marked *

*

Advertisement

 

Advertisement

Advertisement

Exchange Rates

September 24, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement