The Peoples Democratic Party has lamented the reckless borrowing by the President Muhammadu Buhari-led government.The president also asked the National Assembly to approve grant components of $125 million . According to him, the loans, when obtained, will stimulate the economy and create jobs.
In a statement by its National Publicity Secretary, Kola Ologbondiyan, the party lamented the reckless borrowing. “With the fresh request to take N2.66trillion loan and an additional N5.62trillion loan proposed for the 2022 budget, the government will put Nigeria in a N40trillion debt with no clear-cut repayment plan,” the statement noted.
That alone is a crime... borrowing without payment plans...
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