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Nigeria's Sovereignty Non Negotiable, PDP Raises Alarm Over Chinese Loan

Nigeria's Sovereignty Non Negotiable, PDP To APC
The Peoples Democratic Party has called on the APC led administration to halt its loan deal with the Chinese governmnet, says Nigeria cannot be mortgaged. In a press release by the Party's publicity Secretary, Kola
Ologbondiya, over what it termed as Chinese Loan: APC Has Been Mortgaging Nigeria’s Sovereignty.

However requested that the Buhari led administration as a matter of fact distance itself from such incredulous act which could enslave the constitution of the Country over years.


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"The PDP says the revelation of obnoxious clauses in the agreements entered by the APC’s administration with their Chinese lenders in the $500 million loan, has vindicated the Hon Minister of Transportation, Comr. Rotimi Amaechi.

APC has been secretly mortgaging the sovereignty of our nation to benefit its selfish leaders. reveals that its investigation showed that the mortgaging of our nation’s sovereignty to foreign lenders, including the exposed $500 million loans from China, has been with the active connivance of the as a party, even when such is against our national interest.

The PDP Officials Strongly rejects the attempts by the Buhari administration to justify this reprehensible pawning of our sovereignty to a foreign interest.

Nigerians can recall that our party had on May 28, 2020, alerted that the Buhari administration and the APC Leaders had placed our nation on the international auction market with an accumulation of foreign loans under nebulous terms.

The PDP declares that the APC Officials agenda offends our corporate existence as a nation and grossly violates the fundamentals of our constitution as a self-governing state, which grants no space for any form of the takeover of any of our national interest by foreigners, under any condition whatsoever.

Moreover, such mortgaging of our sovereignty in a loan agreement is in further violation of the oath of office of the President to protect the interest of the sovereignty of our nation.

This gambling with our sovereignty amounts to unpardonable treachery against our nation and the future of our generations yet unborn particularly given the level of incompetence, corruption, treasury looting, as well as the betrayal of the public by officials of the administration, which President Buhari had also confirmed.

The PDP is further irked by the arrogance being displayed by some officials of the Buhari administration who, rather than being remorseful, are daring Nigerians and the National Assembly over the matter.

The attitude of government officials including the Minister of Transportation, Rotimi Amaechi, who instead of taking steps to reassure Nigerians, is referring to ceding of control and ownership of assets in the event of default, further raises questions regarding the reliability of the current administration.

The Official PDP holds that the demand for such toxic terms by the Chinese lenders underscores the loss of confidence by the international community in the Buhari administration, whose corruption has made it so untrustworthy that now demand that we cede our sovereignty as a condition.

As a pan Nigerian party, the PDP declares that our sovereignty as a nation remains non-negotiable. 


Nigerians reject such a sovereignty-pawning clause and are not ready to mortgage any parts of our country under any guise whatsoever.

In that regard, the PDP Officials charge the APC led administration to retrace its step and halt every action regarding the administration of the loan until all toxic clauses are deleted from the agreement."

Meanwhile, Mr Rotimi Amaechi has cleared the air saying that the 500 million dollar loan does not in any way reflect the mindset of ceding Nigeria sovereignity. He argued the immunity clause if uphold by the National Assembly will enable China grant them the loan, which is the only possible way.

He stretched further by saying that the removal of immunity clause is introduced by the Chinese government as the only means of going after their loan without restrictions. According to him, if the National assembly cannot grant them immunity clause removal, they should provide an alternative to them.


Source: PDP Press Release

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