The All Progressives Congress (APC) has reacted to a comment by a former Vice President, Atiku Abubakar on the nation’s foreign loans; describing it as “unresearched, unintelligent and pedestrian”.
This was contained in a statement issued by the APC Deputy National Publicity Secretary, Yekini Nabena in Abuja on Tuesday, August 4.
The party also tasked the Peoples Democratic Party, PDP, to account for the failed $460 million Abuja Closed-Circuit Television (CCTV) project the then ruling party awarded in August 2010.
According to the statement, the Minister of Transport, Rotimi Amaechi had explained that the guarantee/clause in the loan deals was the global standard; irrespective of the country granting the loans.
The statement reads: “Perhaps, Atiku and the Peoples Democratic Party (PDP) could redirect their energies; to explaining to Nigerians the status of the failed $460 million Abuja Closed-Circuit Television (CCTV) awarded in August 2010; by the immediate-past PDP administration.
“Also, they should explain the over $2 billion China loan the PDP administration took between 2010 and 2013 alone; $16 billion spent on power with no electricity; fuel subsidy rackets; counter-insurgency funds that were diverted and shared to political cronies, among other shocking heists.”
“Recall that the failed CCTV installation project was initiated by late President Umaru Yar’Adua; and awarded in August 2010 by former President Goodluck Jonathan’s administration to help security agencies in the Federal Capital Territory (FCT) to check the growing insecurity.
“Since the agreement became signed, Nigeria has been servicing this loan to China while Nigerians are yet to attest to the visibility of the CCTV project and unable to explain the status of the video surveillance project. The matter is subject to a legislative probe.
“In all of these, we are starkly reminded that the PDP remains a corrupted and also damaged product. Nigerians must continue to reject the party at all levels of government.”
“In the area of fiscal discipline, prudence, as well as curbing leakages, are we currently getting it right? An emphatic yes! Every kobo expended on infrastructure counts. Verifiable evidence abounds in the fast-expanding national railway projects; airport remodeling; also among other critical infrastructure projects being undertaken by the President Muhammadu Buhari government.
“The days of phoney contracts, as institutionalised by successive PDP administrations, are fast fading.”