Buhari has incurred more debt in three years than PDP did in 16 – Peter Obi

The vice presidential candidate of the Peoples Democratic Party, Peter Obi, has alleged the Federal Government of plunging the country into debts much higher than what the PDP borrowed in its 16 years in power.

Obi disclosed this during an interactive session in Benin, Edo State, adding that the forthcoming elections was about the future of Nigeria.

“In 2008, the government of former President Olusegun Obasanjo cleared our debts by paying N18.2bn; in December 2018, our debts had risen to N22.7bn.

“Why borrow? Where are the capital projects? The APC has borrowed in three years what PDP couldn’t borrow in 16 years,” he said.

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Obi lamented that the APC and Buhari-led administration has not fulfilled its promises to Nigerians.

“It is not about stories they (APC) are telling Nigerians. They should show Nigerians their scorecard. They promised to reduce prices of fuel from N86 to N40, today it is N145. Nigeria presently is stressed, collapsing by the day, never mind the lies from the APC.

“Insecurity is on the increase. Nigeria dropped from 7th to 3rd on the terrorism index, we are just behind Iraq. Nigeria now has the highest number of poor people in the world and according to World Bank, Nigeria will remain in that position this year.

“Nigeria now has 13.5 million out-of-school children, the highest number in the world,” he added.

Noting that government has to be demand-driven, not supply-driven, he said the PDP presidential candidate, Atiku Abubakar, would revive the country’s economy.

“If you are a chief executive of a company and you don’t know about the operations of the company, the best thing is for you to go and let those who know how to do the job to come in.

“Atiku is a businessman, he understands business and he knows the value of education, that is why he established primary and secondary schools and a university. I am going to work with him because I am also a businessman.

“We are saying that we can get this country to start working again and the only way we can get it working is for Buhari and the APC to go,” he said.