The Arewa Professionals for Democracy and Development (APDD)
has berated former Vice President, Atiku Abubakar, for criticizing the fresh
$2.2 billion loan sought by President Bola Tinubu.
The $2.2 billion loan request, which was faulted by several
Nigerians, was approved by the National Assembly on Thursday.
Atiku, the presidential candidate of the Peoples Democratic
Party, PDP, in the 2023 election, had slammed Tinubu for seeking the fresh
loan, noting that recent loans taken by the President have become a big burden
for Nigerians.
Alleging that the loans are not being properly utilized,
Atiku warned that they will place unbearable strain on the economy.
He said, “These Tinubu’s loans are bone-crushing for
Nigerians and are bringing insufferable pressure on the economy, especially
when they are not properly negotiated or utilised.”
However, the Arewa Professionals for Democracy and
Development, APDD, on Saturday hit out at Atiku, berating the former vice
president over his criticism of the loan request.
In a statement signed by its President, Engr. Moses Odaudu,
APDD condemned Atiku’s claim that the loan will be embezzled.
According to APDD, while it is important to scrutinise
government actions, it is equally vital to consider the broader context and
potential benefits of the loans.
The statement said, “He (Atiku) blatantly trivialised the
strategic intent behind the loans by asserting that they are “bone-crushing”
and bring “insufferable pressure” on the economy whereas when properly managed
and invested in critical infrastructure and development projects, the loans can
stimulate economic growth, create jobs, and improve public services.
“We believe what Atiku did was to project his value on the
incumbent government with the implication that he concluded the loans would be
embezzled because that is what would have happened if he were the President.
“This is even as President Tinubu has assured that his
government will ensure transparency and accountability in using these funds,
which should have been Atiku’s focus instead of the infantile tantrums he threw
in the public opinion space.
“This is why we ask the former vice president to
differentiate between constructive criticism aimed at improving governance and
baseless accusations that can undermine public trust in Nigeria.”
APDD added that Atiku’s criticism overlooked the
complexities of international finance and the strategic decisions involved in
securing favourable terms of borrowing, which caused him to dwell on the
comparison of exchange rates while suggesting that the loans are poorly
negotiated.
The group said Atiku was being mischievous by denying the
Tinubu administration’s efforts to boost revenue collection through reforms in
the Federal Inland Revenue Service (FIRS) and Customs as part of a broader
strategy to enhance fiscal stability.
The APDD accused Atiku of playing politics on the issue, and
in the same vein advised him to drop his presidential ambition and quit
politics.
The statement said, “In his desperate drive for public
validation, it is tragic that Atiku unashamedly references something that
should be forgotten by saying the administration of President Obasanjo, under
which he was vice president, took the country out of foreign indebtedness,
without telling Nigerians the truth.
“We challenge Atiku to deny that he was not a beneficiary of
the commission on the loan repayment shared by Obasanjo’s economic team, which
the former vice president once falsely claimed to have headed.
“We conclude by urging Alhaji Atiku Abubakar to accept that
the trauma of serial loss at the polls and his advanced age imply that he no
longer possesses the mental acuity he had for analysing national issues a
couple of decades ago.
“Atiku must thus admit to himself that it is time to quit
politics and refrain from intervening in national issues so that he does not
allow his diminished capacity to lead some Nigerians astray.”
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