The Peoples Democratic Party (PDP) in Edo State has criticized the Edo State House of Assembly and Governor Godwin Obaseki's successor, Monday Okpebholo, over the N100 billion loan secured from the private lender, Ankoro Capital. The PDP expressed concerns that the loan's terms and conditions could burden the state with unsustainable debt.
*PDP's Concerns*
The PDP questioned the transparency and prudence of the loan's approval process, citing potential risks to the state's financial stability. They also raised questions about the governor's priorities and whether the loan would be used for essential projects or non-essential expenditures.
*Implications for Edo State*
The loan's approval has sparked debate about the state's financial management and the potential impact on its economy. The PDP's criticism highlights the need for transparency and accountability in government borrowing and spending.
*What Do You Think?*
Do you think the PDP's concerns about the loan are valid? Share your thoughts!
*Related Topics:*
- Politics
- Nigeria
- Edo State
- PDP
- Godwin Obaseki
- Monday Okpebholo
