The All Progressives Congress (APC) has justified the nation’s debt profile under President Muhammadu Buhari government saying the borrowings by the Federal Government were invested in the development of critical infrastructure across the country.
APC gave the explanation in its reaction to Peoples Democratic Party (PDP) governors’ allegation that the huge debt profile could lead to bankruptcy, chided the opposition party for lack of understanding about government’s spending.
APC Caretaker Committee Secretary Senator James Akpanudoedehe said in a statement that the loans were judiciously utilised, instead of ending up in private pockets, reminiscent of when the PDP was in power.
He said the PDP was locked in a crisis of confidence, adding that it has failed to serve as a credible opposition in democracy.
Akpanudoehehe described the PDP’s outcry as a feature of a sinking platform struggling to clutch on any available straw to remain afloat.
He said the main opposition party was rattled by the gale of defections that hit the platform.
Akpanudoehehe said: “The sinking PDP is panicking due to its dwindling fortunes as the All Progressives Congress (APC) registered members hit over 40 million, with PDP members, including governors leaving the party in droves and joining the APC.
“While the PDP continues to clutch on straws as it sinks into political oblivion, the APC-led federal government and states governed by the APC are busy providing critical infrastructure, expanding access to education, providing health facilities and economically empowering citizens.”
