Pdp condemns ambode N39b loan ~ LeviTodaY

Pdp condemns ambode N39b loan

The Lagos State chapter of the Peoples
Democratic Party has berated Governor
Akinwunmi Ambode for “hastily” obtaining a
N39.4bn loan from the World Bank.
In a statement by its Publicity Secretary, Taofik
Gani, on Sunday, the Lagos PDP advised the
governor to rescind the decision to borrow
pending the book check on all previously obtained
loans in the state, especially by the last
administration of ex-Governor Babatunde Fashola.
The PDP also described Ambode “as weak to fight
corruption and block leakages” in the state.
“The party’s positions are on the heels of the
reports of another World Bank loan and the recent
announcement by the governor to scrap the
state’s finance and administration department
while renaming its administration and human
resources department,” the statement said in
part.
The PDP noted that “the history of loans in the
state is very embarrassing and has plunged the
state into local and foreign debts running into a
trillion naira.”
“Why indeed will a state still run after a World
Bank loan when such state realises an average of
N27bn as monthly internally generated revenue?

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