Inflation: FG must stop this irresponsible borrowing – ADC

The National Chairman of the African Democratic Congress (ADC), Chief Ralphs Nwosu, has called on President Bola Tinubu’s All Progressives Congress (APC)-led administration to put an end to what he described as “senseless borrowings.”

Speaking at the party’s National Executive Council (NEC) meeting in Abuja yesterday, Nwosu criticized the Federal Government’s borrowing spree and its poorly executed economic policies, which he said have plunged the nation into economic turmoil. He urged a comprehensive review of the government’s financial strategies.

Speaking at the party’s National Executive Council (NEC) meeting in Abuja yesterday, Nwosu criticized the Federal Government’s borrowing spree and its poorly executed economic policies, which he said have plunged the nation into economic turmoil. He urged a comprehensive review of the government’s financial strategies.
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December 16, 2024

Inflation: FG must stop this irresponsible borrowing – ADC

ADC
By John Alechenu

The National Chairman of the African Democratic Congress (ADC), Chief Ralphs Nwosu, has called on President Bola Tinubu’s All Progressives Congress (APC)-led administration to put an end to what he described as “senseless borrowings.”

Speaking at the party’s National Executive Council (NEC) meeting in Abuja yesterday, Nwosu criticized the Federal Government’s borrowing spree and its poorly executed economic policies, which he said have plunged the nation into economic turmoil. He urged a comprehensive review of the government’s financial strategies.

Nwosu also announced that the ADC was implementing measures to end the trend of politicians using the party’s platform to win elections, only to abandon it once they assume office.

The party chairman commended the Independent National Electoral Commission (INEC) for supporting the resolution of disputes through Alternative Dispute Resolution (ADR). He noted that the ADC had successfully leveraged this platform to resolve internal disputes and unite its members.

He stated, “The ADC has been able to resolve disputes and unite members using the INEC-backed ADR mechanism. This is a testament to our commitment to fostering internal democracy and inclusiveness within the party.”

Reflecting on the party’s journey since its establishment in 2006, Nwosu highlighted the ADC’s goal to become a dominant political force in Nigeria by 2027. He noted the need for stronger alliances, referencing the ongoing partnership with the People’s Redemption Party (PRP), and urged members to work together with a renewed spirit of love and unity.

“After 20 years, we must get it right. If I offended you, this is the time to forgive and make progress. By 2025, our party will become the number one party in Nigeria,” Nwosu said.

The chairman also addressed the challenges the ADC has faced, including the crisis that arose after its 2023 presidential candidate caused a factional split in the party. As part of peace-building efforts, Nwosu announced the lifting of bans previously placed on some members, signaling a fresh start for the party.

Nwosu emphasized the urgency of building robust institutions that can withstand the test of time. He challenged members to aim higher, saying, “Why do we elect only a few members to elective positions? Why can’t we have the majority in the house?”

He expressed optimism that the reforms being implemented within the party would soon make the ADC a preferred platform for Nigerians.

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The NEC meeting, held in the spirit of the Christmas season, was described by Nwosu as a “new beginning,” symbolizing unity, love, and a renewed commitment to advancing the party’s vision.

Source :Vanguard