“Nigeria Is Sliding Into Bankruptcy Under Buhari” – Secondus Raises Alarm

 

Prince Uche Secondus, the National chairman of the Peoples Democratic Party (PDP), has said that Nigeria under the watch of President Muhammadu Buhari is going bankrupt.

Secondus stated this at the 90th National Executive Committee, NEC, meeting on Thursday, November 19, in Abuja. 

According to him, Buhari has demonstrated gross inability to steer the wheel of the state after almost six years in the saddle.

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He also berated the APC-led government’s fruitless way of handling security in the land as well as the incessant borrowing of loans. 

According to him, the helplessness of the President has become too glaring for the world to see.

Here's what he said; 

“This country is sliding into bankruptcy but the government is instead embarking in endless borrowing with no accountability on the already borrowed ones. Federal Government themselves just reported last week that 428 agencies would not be able to pay salaries this November because of underfunding. 

 “At the last count, Nigeria debt profile is showing over 31 trillion naira, a lot of it misappropriated.

 “While borrowing in economics is not bad, it depends on what the borrowed resources is being channeled for. With the unprecedented corruption in the system under APC watch, it would be difficult to see this borrowed funds properly deployed. 

 “President Muhammadu Buhari- led APC government, under whose watch the situation got worsened and complicated has remained clearly helpless and incapable of providing the needed leadership.

 “The consequences of all these came to the fore when the youths, last month poured out their anger on the country through a nationwide protest.

“Even though the protest was triggered off by accumulated police brutality, particularly by the defunct Special Anti-Robbery Squad, SARS, it developed into a wider rebellion against injustice and poor leadership in the country. 

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“The federal government should address the fundamental issues raised by the youths rather than the counterproductive strategy of seeking to hound and intimidate perceived leaders of the peaceful protest by seizing their travel documents, freezing their accounts and arrests.”