The African Democratic Congress Presidential Campaign Council (ADC-PCC) has described as an insult to Nigerians the assertion credited to President Bola Ahmed Tinubu, by his Special Adviser on Information and Strategy, Bayo Onanuga, declaring that “The Question Is What We Build, Not How Much We Borrow.”
The ADC-PCC challenged President Tinubu to establish what his administration has truly constructed with the mountain of loans it has gathered since assuming workplace in 2023, insisting that Nigerians have seen little or no tangible returns on the nation’s rising debt burden.
The marketing campaign council’s response was contained in a press release issued by its Director of Media and Publicity, Kola Ologbondiyan, in Abuja.
Ologbondiyan mentioned it was notably disturbing that Mr Onanuga would try to decorate the President in borrowed clothes by talking about infrastructure and growth when, in keeping with the ADC-PCC, the administration has didn’t reveal commensurate achievements regardless of unprecedented borrowing.
He alleged that the one seen undertaking related to the administration’s concern for electrical energy is a photo voltaic farm put in to ensure energy provide throughout the consolation of the Presidential Villa, whereas thousands and thousands of Nigerians proceed to grapple with unreliable electrical energy.
Ologbondiyan identified that “For three and a half wasted years, Tinubu authorities has borrowed with out restraint and constructed nothing. No worth, no legacy, no impression.
“Except for initiatives inherited from the late President Muhammadu Buhari, lots of the initiatives being marketed by the Tinubu administration are nothing however audio initiatives. They exist solely on paper, as conceptual designs or as bulletins on newspaper pages and tv screens.
“Under Tinubu, nearly each undertaking exists in a press assertion.
“Where is the Lagos-Calabar Coastal Highway? Audio. Where is the Sokoto-Badagry Superhighway? Audio. Where is the Trans-Sahara Superhighway? Audio. Where are the promised electrical energy grid upgrades? All propaganda, no commensurate progress, simply media hype from Bayo Onanuga and his staff.
“Even the Abuja-Kaduna-Kano Highway, awarded greater than eight years in the past, stays a supply of concern to motorists. Its extended development and delays inform the story of APC governance.
“Mr President should get up and confront the fact going through Nigerians, if there’s nonetheless left between now and January 16.
“Citizens are hungry and enduring excruciating hardship. People are dying from starvation, insecurity and deprivation, whereas the federal government stays preoccupied with propaganda and self-congratulatory statements.
“These are the actual signposts of what the Tinubu administration has in-built virtually 4 years.
“Today, ministries are barely functioning, companies are struggling, and significant directorates are failing to ship. Nigeria is virtually comatose.
“The Tinubu Presidency got here into energy and not using a convincing blueprint or workable concepts and, after virtually 4 years, has provided Nigerians little past failure, hardship, poverty and insecurity.
“If borrowing is really for growth, let President Tinubu present Nigerians one tangible undertaking his administration has delivered with its trillions of naira in loans, past the photo voltaic farm within the Presidential Villa.
“The solely factor this administration has efficiently constructed is hardship.
“We enchantment to worldwide donors, growth companions and monetary establishments to train larger scrutiny and demand on accountability, transparency and prudence earlier than extending additional loans to Nigeria.
“Borrowing isn’t inherently improper when the advantages translate into improved residing circumstances for residents. What is unacceptable is a state of affairs during which the nation continues to build up money owed with out corresponding advantages for the folks.
“Nigerians should not be compelled to proceed financing the posh, proligacy and privileged way of life of these in energy whereas abnormal residents wallow in poverty.
“Future generations shouldn’t be burdened with money owed incurred with out demonstrable advantages to them.
“The National Assembly should rise to its constitutional accountability and save the nation from being mortgaged by indiscriminate borrowings. It should cease performing as a rubber stamp for each mortgage request and defend the financial way forward for Nigeria.
“History will not forgive the 10th National Assembly if it stands by while the country is plunged deeper into a cycle of unsustainable indebtedness.”
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