APC attacks Tambuwal for new loan request of 28 billion naira
The Sokoto State Chapter of the All Progressives Congress has sounded the alarm about the state’s growing debt profile.
The opposition party spoke against the backdrop of a recent request by the administration of state governor Aminu Tambuwal for a new loan of around 28.7 billion naira.
APC President Isa Acida said this at a press conference in Sokoto on Sunday.
He described the loan request as a wicked act on the part of the governor and his administration to burden unborn generations with inexplicable debts.
Acida said: âWithin the APC, we are seriously disturbed by the recent disclosure that the Sokoto State government is going to receive another huge loan of 28.7 billion naira.
âWith this development, Sokoto State is poised to become the second most indebted state in Nigeria, just behind Lagos.
“We are paying the price that a state like Sokoto, with a weak economy, becomes poorer with loans that can be wasted on unprofitable businesses.”
In her account of how the People’s Democratic Party administration allegedly mismanaged the state, Acida noted that Sokoto state under the current administration has failed completely because, while other states celebrate dividends democracy, the state has nothing to celebrate.
He said: “Even the few investment projects that were launched half-heartedly due to pressure from our party have practically advanced at snail speed, while entrepreneurs have since resorted to skeletal services. , probably because of the government’s insincerity about the financial terms of the contact.
âMany observers believe that the projects are designed more as a showcase to impress visitors, while more than 80% of local state governments remain neglected, with no investment plans in their favor.
âIn addition, the quality of the work carried out is seriously flawed and of poor quality. Indeed, some of the new roads are of lower quality.
âA number of them have already started to collapse, in particular the new two-lane track near the Federal Science College in Sokoto. ”
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