Nigeria’s debts’ll be no less than $48.3bn by 2011 – Atiku ...Blames OBJ for PDP’s Osun loss
Former Vice President Atiku Abubakar and presidential aspirant of the Peoples Democratic Party (PDP) yesterday warned that if care is not taken, Nigeria’s debts would be no less than $48.3billion by 2011.
Atiku, who gave the warning through the Deputy Director General (Operations) of the Atiku Abubakar Campaign Organisation Bashir Yusuf Ibrahim, expressed concern over the move to secure more loans without corresponding impact on the lives of the people.
Yusuf, who addressed newsmen at the Campaign Organisation’s Media Centre, said the debt situation called for caution considering Communique No.73 of the meeting of the Monetary Policy Committee of the Central Bank of Nigeria held between November 22 and 23, 2010.
He said, “To compound matters for the economy, despite the extant combined foreign and local debts of $32.5billion, the administration still has an external loan request of $3.7billion pending before the National Assembly in the 2010 External Borrowing Plan.
Also, the Atiku Abubakar Campaign Organisation yesterday called former president Olusegun Obasanjo a shameless old man who should be blamed for PDP’s serial losses in the Southwest. In a statement issued Friday in Abuja, the Atiku Campaign Organisation said the Federal Appeal Court, Ibadan’s declaration of the candidate of the Action Congress of Nigeria (ACN), Rauf Aregbesola, winner of the 2007 governorship election in Osun State) was a consequence of Chief Olusegun Obasanjo’s mismanagement of the PDP in the entire Southwest.
“We are reaping the consequences of Obasanjo’s gross mismanagement of not only the PDP in the South west but the entire country. We too dey laugh!”
Atiku, who gave the warning through the Deputy Director General (Operations) of the Atiku Abubakar Campaign Organisation Bashir Yusuf Ibrahim, expressed concern over the move to secure more loans without corresponding impact on the lives of the people.
Yusuf, who addressed newsmen at the Campaign Organisation’s Media Centre, said the debt situation called for caution considering Communique No.73 of the meeting of the Monetary Policy Committee of the Central Bank of Nigeria held between November 22 and 23, 2010.
He said, “To compound matters for the economy, despite the extant combined foreign and local debts of $32.5billion, the administration still has an external loan request of $3.7billion pending before the National Assembly in the 2010 External Borrowing Plan.
Also, the Atiku Abubakar Campaign Organisation yesterday called former president Olusegun Obasanjo a shameless old man who should be blamed for PDP’s serial losses in the Southwest. In a statement issued Friday in Abuja, the Atiku Campaign Organisation said the Federal Appeal Court, Ibadan’s declaration of the candidate of the Action Congress of Nigeria (ACN), Rauf Aregbesola, winner of the 2007 governorship election in Osun State) was a consequence of Chief Olusegun Obasanjo’s mismanagement of the PDP in the entire Southwest.
“We are reaping the consequences of Obasanjo’s gross mismanagement of not only the PDP in the South west but the entire country. We too dey laugh!”
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