Thursday, 4 January 2018

Katsina APC Mismanaged N400billion In 31 Months– PDP


The Peoples Democratic Party (PDP) in Katsina State has blamed the administration of Governor Aminu Masari for the poverty and high debt profile of the people.

The party said this was a result of the mismanagement over N400 billion generated by the state in the last 31 months.The State Chairman of PDP, Alhaji Salisu Majigiri, who stated this at a press conference on Tuesday in Katsina, alleged that “due to the mismanagement of our resources our people have been passing through excruciating pains and reduced to beggars in the midst of plenty.

“All sectors of the economy have been rendered barren. Our people no longer get the affordable fertilizer that enable them to farm their land and get bumper harvests.

“Fertilizer and the other agricultural assistance taken for granted during the past administration have now been heavily politicised.

“Our schools are now shadows of themselves, with no instructional materials with the absence of motivational incentives for teachers who face constant threat of sack.

“Our hospitals are now conduit pipes through which funds are now siphoned in the name of endless projects for over two years.”

He disclosed that the state received over N243 billion from the Federation Account during the period and N30 billion from the Paris Club refunds.

The chairman explained that in real terms, the monies that accrued into the government coffers stood at an average of N13 billion monthly, N464 million daily or N16.5 million every hour.

“In spite of collecting four Tranches of debt refunds amounting to over N30 billion, the government has borrowed various sums of monies from commercial banks with double digit interest rates to the tune of N70 billion.

“The receipts, loans, internal revenue and more than N14.5 billion left in the various accounts by the last PDP administration made Katsina State one of the richest states in the country,” he said.

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