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$5.5 billion loan: Buhari Is mortgaging our children’s future- PDP says

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Read the press statement from PDP below

The Peoples Democratic Party (PDP) receive with shock, the Plan by the Government of the All Progressives Congress (APC), to plunge Nigeria into further debt, and consciously mortgage the Future of our unborn generations through needless and mindless borrowing of the Sum of $5.5 Billion USD.

2. Like other well meaning Nigerians, we consider this new bid for a foreign loan of $5.5 billion being sought by the Administration of President Buhari as an attempt to push the Nation down into the black hole of debt that will affect negatively, the Future of this Nation.

3. As a Party that governed this Nation meritoriously for 16 years and handed over a buoyant economy to the APC in 2015, we are concerned that by the time Nigerians would have the opportunity to push out the APC Government in 2019, the Economy of the Nation would have been damaged irreparably.

4. For emphasis, we are dismayed at the rate by which the APC is plunging the Nation into debt through local and foreign borrowing without concomitant developmental projects in any sphere of the Nation’s Economy to justify the Huge Borrowing.

5. The Figure released recently by the Debt Management Office (DMO) stating that the Nation under the Administration of the APC Government in the last two years of being in office, has borrowed N7.51 trillion. It is mind-boggling.

6. Mind boggling because all round infrastructural decay has now reached alarming proportions. The roads have deteriorated, the state of power supply has become worse, and there is no increase in wages to match the skyrocketing inflation . As a result, workers in educational institutions and other government agencies have spent more time at home observing strike action than they spent at work; insecurity has sky-rocketted beyond what anyone can imagine, while those in power continue to delude themselves that they are providing plausible leadership for the Country.

7. We are constrained to ask the Government of President Muhammadu Buhari to explain to Nigerians what his government has done with the several huge sums borrowed in the last two years in the name of financing infrastructural development in the Country.

8. The data shows that since President Buhari was sworn-in, the Nation’s Debt has risen by 61.96% in only two years.

9. As major stakeholders in the Nigerian Project, we are worried that if the National Assembly does not stop this latest demand for foreign loan, the Money when released, will go the way of other loans obtained in the last two years without any tangible result to show for it.

© 2017, Ikrueyen Vickky. All rights reserved.

Nigerian News

leaked photo of a few of the remaining statues that Governor Rochas is yet to commission..can you tell who they represent?

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Can you guess who the other statues represent?

See a leaked photo of a few of the remaining statues that Governor Rochas is yet to commission..can you tell who they represent?

© 2017, Ikrueyen Vickky. All rights reserved.

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Nigerian News

Police arrest gang leader behind massacre in River State community

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One Osita, the leader of the gang who killed 15 people in Mgboshimili-Rumueme community, a suburb of Port Harcourt, Rivers State, has been apprehended.

“Based on Information the OC F-SARS Rivers State CSP AKIN FAKOREDE under the Command of the Commissioner Of Police CP ZAKI M. AHMED Stormed a Private Clinic in Ada-George were Mr OSITA who Led the Gang of Cultist that Massacred 15 Persons in Mgbuoshimini Axis of Rivers State Recently was Receiving Treatment. An Army unit was also on ground to arrest the Situation.
The Suspect Mr OSITA has been taking to Army Barracks for Interrogation. The Military Police is working with the F-SARS Operatives of The Nigeria Police Force Rivers State Command to ensure a Breakthrough.”  Security expert, Bosindelive wrote.

A statement issued by its Spokesman, Nnamdi Omoni, said the suspects are members of a notorious criminal gang responsible for killings and other cult-related activities in the community

Police arrest gang leader behind massacre in River State community

© 2017, Ikrueyen Vickky. All rights reserved.

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Nigerian News

Remembering legendary Nigerian journalist, Dele Giwa, 31 years after!

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Today marks the 31st remembrance anniversary of Sumonu Oladele “Baines” Giwa(16 March 1947 – 19 October 1986); a legendary Nigerian journalist, editor and founder of Newswatch magazine.

 

He was the son of a laundry man, graduate of Brooklyn College, New York City, Fordham University, former New York Times News Assistant for four years, a fearless Nigerian ace journalist & founding Editor-in-Chief & Chief Executive Officer of Newswatch magazine alongside fellow journalists Ray Ekpu, Dan Agbese and Yakubu Mohammed in 1984 that “changed the format of print journalism and introduced bold, investigative formats to news reporting in Nigeria”.

 

Dele Giwa was assassinated through a parcel bomb in his residence on 25, Talabi Street, off Adeniyi Jones Avenue, Ikeja, Lagos, Nigeria on October 19, 1986.

 

Late Giwa married an American nurse in 1974. His second marriage, to Florence Ita Giwa, lasted 10 months. He later married Olufunmilayo Olaniyan on July 10, 1984, and they were married until his death in 1986.

 

31 years after, his legacy still lives on!

© 2017, Ikrueyen Vickky. All rights reserved.

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