The Peoples Democratic Party (PDP) acted irresponsibly by leaving behind a Joint Venture (JV) cash call debt of 5.1billon dollars that has now been almost fully defrayed by the President Muhammadu Buhari-led-All Progressives Congress (APC) administration. “It is also noteworthy that the 5billion dollars cash call debt is not part of the 63billion dollars public debt the PDP left behind, with little or nothing to show for it. BMO added that the funds that the Buhari government committed to defraying the JV cash call debt could have been used for other purposes if PDP had acted like a responsible ruling party. “So much has been said about the Buhari administration taking loans, with little attention to what those loans are being used for. The group also challenged PDP to explain to Nigerians why it failed to consistently make cash call payments to the country’s JV partners “during its 16 years of misrule”.

Source: The Guardian April 11, 2022 01:21 UTC