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PDP Revels The Huge Amount Of Money Buhari Borrowed And Failed To Pay Back

Buhari Owes Nigerians Explanation for N24trillion Debt, Says PDP
The Peoples Democratic Party (PDP) says that President Muhammadu Buhari has exhibited a culture of unexplained borrowings since he assumed power in 2015.

The PDP said the country's debt profile which used to be at N12.12trillion in 2015 has grown to N24.38 trillion due to the President's culture of heavy borrowings and the lack of initiative to think up ideas that would make the economy productive in other to pay off the debts.

The party said: 
"Since President Buhari assumed office in 2015, there has been a culture of unexplained borrowings leading to a steep rise in the debt stock from N17.5trillion in 2016 to N21.72trillion in 2017 and a huge N24.387trillion in 2018.

"This is particularly against the backdrop of allegations in the public space that the borrowed funds, which were taken as development funds, were diverted to 2019 general election campaign activities of the APC, a huge part of which ended in private pockets of corrupt APC leaders.

"This is, in addition, to direct frittering of public funds through the alleged N1.4trillion sleazy oil subsidy regime, the looted N9trillion detailed in the leaked NNPC memo, the alleged N33billion fraud in the handling of funds meant for the welfare of Internally Displaced Persons (IDPs) in the North East, among other sleazes.

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