N25bn Loan : APC Worry Over Dickson’s High Spate Of Borrowing In Bayelsa

The All Progressives Congress (APC) in Bayelsa State has expressed concern over alleged high spate of borrowing by the state governor, Hon Seriake Dickson, to fund some projects in the state.

According to the APC, though infrastructural projects and empowerment policies are needed by the people of the state, the series of borrowing, including the recent loan approval of N25 billion by the Dickson-led administration are targeted at funding white elephant road projects in the state without due process, transparency and accountability.

The leadership of the APC in Bayelsa State through its publicity secretary, Hon Panebi Fortune, accused Governor Dickson of engaging in alleged desperate borrowing and mortgaging the future of the state.

According to the APC, “The latest loan of N25bn is capable of crumbling the already impoverished economy of Bayelsa State. As the only people and development oriented party in Nigeria anchored on good governance and good leadership, the APC would not watch in akimbo the economic crucifixion of Bayelsa State in the hands of a cabal led by Gov Dickson.

“The party wants Dickson to explain to Bayelsans what he did with the money he claimed he was saving since he assumed office and the recent bail-out fund shared by the federal government to states including Bayelsa from the proceeds of the tax remitted by the Nigeria Liquefied Natural Gas (NLNG).

“Unfortunately, the lawmakers in the State House of Assembly who are empowered by law to check the excesses of the executive and stand/speak for the people have connived with the executive to loot available state resources. This unholy alliance between the state legislature and the executive is a veritable bugaboo to enrich the cabal while Bayelsans wallow in abject poverty and economic hell.As a party that believes in change, the APC will continue to draw the attention of Bayelsans, Nigerians and the world to the executive financial rascality in the state.”