Rivers State chapter of All Progressives Congress, APC, has faulted alleged plans by Governor Nyesom Wike to borrow another N10 billion from banks in the state, accusing him of borrowing recklessly without consideration for the present and future generations of the citizens.
The party, in a statement by the Publicity Secretary, Chris Finebone, said APC was saddened at the level of borrowings going on since Nyesom Wike took over the saddle of power in the state less than four months ago.
He said: “Till date, the governor has collected N100 billion comprising federal allocations, Internally Generated Revenue, IGR, balance in the Reserve Fund and other sundry sums left in the state’s various accounts with the banks by May 29. The aforementioned sum is exclusive of the earlier N30 billion loans obtained from banks by the governor since he assumed office.