Imo PDP Frowns on N20bn Proposed Loan by Okorocha

 Gov. Rochas Okorocha

Amby Uneze in Owerri
The Imo State chapter of the Peoples Democratic Party (PDP) has expressed dismay over the recent application by the state governor, Chief Rochas Okorocha, seeking for the permission of the Federal Government to borrow fresh loan of N20 billion.

In a press statement signed by the Publicity Secretary of the party in the state, Hon. Kizzito Onuoha, noted that the move by the state government could not be justified in the wake of many other loans procured by the same government.

He observed “We cannot but raise a question mark on the justification of this nefarious act of insensitivity by the governor who claims to have the interest of the future of the state at heart”.

According to him, it is highly unfortunate that the governor was borrowing after receiving the N26 billion federal government bailout funds, adding, “It is important to ask the Imo state government what they have done with the bailout funds ""owing to the fact that some workers are yet to receive their salary arrears, while pensioners are still being owed up to 29 months of their pension not to talk of pile up of unpaid gratuities”.

The party noted that it was the governor’s clandestine and bizarre determination to consistently pursue his master plan of subjecting the future of the state in perpetual calamity.

Onuoha stated that having taken a painstaking diagnosis on the current debt profile of the state, it became disheartening to note that the state was had N83 billion debt portfolio and queried how the state could survive such predicament.

“It is rather unfortunate that the present government have not only decided to bankrupt the state but to also milk her dry, as the decision to this very fresh loan was not taken by any state executive council (Exco) since there was none at the moment. It is the entire decision of the governor since he has decided to run the state as a sole administrator”, he said.

The party therefore condemned the loan application as it was nothing but a deliberate and calculated attempt to further subject the state into irredeemable indebtedness and called on the good people of the state to repudiate the pernicious action.