The Lagos State chapter of People’s Democratic Party (PDP) has faulted Governor Akinwunmi Ambode’s desire to take a N39.4 billion loan from the World Bank.
In a statement issued by the party’s Publicity Secretary, the Lagos State PDP advised the governor to rescind his decision pending a check on all previous loans taken by the state.
”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 N27 billion as monthly Internally.
Generated Revenue (IGR). Governor Ambode should have a rethink and get prudent.
”The PDP has thus demanded a detailed and public defence of the World Bank loan to justify such exercise at this time. Again, we reiterate that this Ambode administration will not be different from the two previous administrations in the areas of amassing unwarranted loans and fighting corruption in the state,” the statement said.
The PDP said it’s positions came on the heels of reports of another World Bank loan and the recent announcement by the governor to scrap the state’s finance and administration department while renaming it Administration and Human Resources Department.