The Peoples Democratic Party, PDP, in Niger State has criticized the state government over the ₦70 billion bond approval given by the Niger State House of Assembly to finance infrastructure projects in the state.
The party argues that this decision is a clear example of fiscal recklessness and insensitivity to the plight of citizens.
According to the PDP’s State Vice Chairman and Zonal Chairman for Niger North, Yahaya Abdullahi Ability, the decision is a clear example of the government’s disregard for the welfare of the people.
Ability noted that despite the state’s dismal budget execution and huge debts, the government continues to borrow without tangible developmental outcomes.
Recall the Niger State House of Assembly had earlier approved the request of Governor Mohammed Umar Bago for the ₦70 billion bond issuance to finance infrastructure projects in the state.
Before giving its approval, the House Standing Committee on Finance Chairman, Aliyu Sheshi Wushishi, representing Wushishi Constituency told his colleagues that his committee did a thorough review and interface with stakeholders and that the request was part of a planned ₦100 billion NCNI Private Bond Issuance for 10 years.
However, Ability questioned the need for further borrowing, stressing that the state’s infrastructure deficits require prudent management of existing resources rather than additional loans.
Ability called on Governor Bago to prioritize responsible governance, accountability, and transparency in the management of state funds.
He urged the government to focus on addressing the pressing needs of the people rather than plunging the state into further debt.
