The All Progressives Congress (APC) has explained that the loans taken by the Federal Government, were invested in the development of critical infrastructure across the country.
The ruling party on Tuesday reacted to Peoples Democratic Party (PDP) governors’ allegation that the huge debt profile could lead to bankruptcy. It rebuked 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 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.”
