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Sen Yaroe decries huge borrowing, accuses present leaders of mortgaging future generation

From Umar Dankano, Yola

Senator Binos Dauda Yaroe representing Adamawa Southern Zone in the Upper Chambers of the senate has accused President Muhammadu Buhari led administration and federal legislators of mortgaging the future of Nigeria due to large scale borrowing.

Senator Yaroe made the accusation at a press conference in Yola weekend lamenting that the borrowing spree by the present APC led Federal government under President Buhari’s watch momental and worrisome to any right thinking Nigerian.

Yaroe who was visibly disturbed alleged that most of the monies borrowed are channeled into maintaining lifestyles of people in the corridors of power instead of executing meaningful projects that can have direct bearing on the teeming populace.

He stated that all efforts by the PDP caucus in the senate for the leadership to rescind the unfortunate action was fell into deaf ear as those making such calls were seen enemies of the government.

He also faulted the Federal government for not prosecuting public officials found with corruption/bribery cases which have been established against them decrying that if the fight against corruption is real, it could recoup trillions of stolen monies.

“As it is now we as a country, have been leaving beyond our means due deficit budgets.

“Year in Year out,We have been engaging in large scale borrowings to fund the budget deficit.This is of great concern because whatever the justification of borrowing,what it means is that the present generation of leadership in the country is mortgaging the future of our children.

“If you aggregate all the major cases of corruption,you will have more than N6 Trillion looting that has taken place in few years.I drew the attention of the Senate leadership of the country so as to reduce the issue of borrowing”.Yaroe maintained.

On his sponsored bill on the establishment of Federal University of Education in Numan, Senator Yaroe thanked the Senate’s leadership and his constituents for massive support and goodwill at just concluded public hearing.

Yaroe said the issue of the university is long overdue considering the need of the institution in his constituency where only two semi-tertiary institutions are situated but if the University matured to fruition then a lot of good things will follow naturally.

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