NDC to Tinubu: Obi-Kwankwaso Ticket Targets Erosion of Nigeria's Wealth
The National Democratic Congress (NDC) has responded to President Muhammadu Buhari's All Progressives Congress (APC) led by Bola Tinubu, accusing the party of threatening Nigeria's financial stability through excessive borrowing and poor fiscal management.
The NDC, in a statement by its spokesperson, Dr. Ben Murray-Bruce, said that the party's presidential candidate, Peter Obi and Vice Presidential candidate, Rabiu Musa Kwankwaso, aim to address the erosion of Nigeria's wealth through responsible borrowing, accountability, and investments that would create opportunities for Nigerians and improve the welfare of future generations.
NDC's Economic Blueprint
- Responsible borrowing to ensure sustainable development
- Accountability measures to prevent misuse of public resources
- Investments in infrastructure and social services to create job opportunities and improve citizens' welfare
- Ensuring the equitable distribution of benefits from economic growth to future generations
The NDC argued that the APC's approach has led to a rise in Nigeria's external debt stock, which is currently at $28.6 billion.
Obi-Kwankwaso Ticket's Environmental and Economic Record
- Addressing environmental challenges through the Nigeria Erosion and Watershed Management Project (NEWMAP)
- Improving the welfare of citizens in Anambra State through infrastructure development
- Preventing the erosion of Nigeria's wealth through responsible borrowing and fiscal management
- Ensuring equitable distribution of economic benefits to future generations
The NDC said Peter Obi and Rabiu Kwankwaso's economic record in Anambra State and Katsina State respectively, demonstrated their commitment to responsible borrowing, fiscal prudence, and investments in infrastructure and social services to create job opportunities and enhance citizens' welfare.
NDC's Criticism of Tinubu's Record
- Increase in Nigeria's external debt stock from $10.8 billion to $28.6 billion under Tinubu's administration
- Tinubu's administration failed to address environmental challenges like the erosion and watershed management issues in Lagos State
- The APC's approach has led to a decline in the standard of living for Lagosians
- The party argued that the APC's management of the country's finances has not been prudent and responsible
The NDC warned that Nigeria's financial stability could be at risk if the APC's approach to fiscal management continues. The party emphasized the need for responsible borrowing, prudent management of public finances, and investments in infrastructure and social services to improve citizens' welfare.
Obi-Kwankwaso Ticket's Vision for Nigeria
- Addressing environmental challenges through the Nigeria Erosion and Watershed Management Project (NEWMAP)
- Improving citizens' welfare through investments in infrastructure and social services
- Preventing the erosion of Nigeria's wealth through responsible borrowing and fiscal prudence
- The ticket's economic vision focuses on creating job opportunities for Nigerians and enhancing the standard of living for all citizens
The NDC argued that the Obi-Kwankwaso ticket's economic policies would promote a sustainable development for Nigeria, while the APC's approach has led to a decline in the standard of living for Lagosians and Nigerians.
Tinubu's Record: A Threat to Nigeria's Wealth
- Increase in external debt stock from $10.8 billion to $28.6 billion under Tinubu's administration
- Tinubu administration failed to address environmental issues like erosion and watershed management
- The party claimed that Lagosians have been negatively impacted by Tinubu's policies
- The NDC warned that Tinubu's approach to fiscal management could lead to a decline in Nigeria's standard of living
The NDC argued that Tinubu's administration has not been prudent and responsible in managing Nigeria's finances, and that the party's
<small>Source: Vanguard News — read the original story there.</small>
