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$100m Counterpart Funding: PDP Upbraids Finance Minister For Distorting Facts

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The opposition Peoples Democratic Party (PDP), yesterday described as false a statement by minister of finance, Mrs.  Kemi Adeosun, that the immediate past administration has not paid the Airport Terminal Counterpart Funding of $100 million.

PDP in a statement by its National Publicity Secretary, Prince Dayo Adeyeye, declared that Nigeria paid her own sum of $100 million on January 29, 2014 through the Central Bank of Nigeria (CBN) at the beginning of the projects.

The opposition party added the All Progressives Congress (APC) is bent on sacrificing the hard-earned democracy on the slab of falsehood by consistently disregarding and denying all the achievements of the 16 years of PDP era.

PDP said it was reacting to statement made by the Minister of Finance, Mrs. Kemi Adeosun during the Channels Television Live Programme, ‘Sunrise Daily’ of Tuesday, September 20, 2016 in which she stated that, “Nigeria has not paid the Airport Terminal Counterpart Funding of $100 million.”

However, the opposition noted that “information like many of her previous statements is: false, misleading, malicious and was deliberately made with the intention of blackmailing previous PDP led administration which have been the hallmark of the APC government.

“We are pained that the All Progressives Congress (APC) under President Muhammadu Buhari is bent on sacrificing our hard earned democracy on the Slab of Falsehood by consistently disregarding and denying all the obvious achievements of the 16 years of PDP era and collective successes of Nigerians. Why is that?

“You will recall that the former President, Dr. Goodluck Ebele Jonathan, GCFR, in 2014, awarded the contract of remodelling and building of International Airport Terminals in Lagos, Abuja, Port Harcourt, Kano and Enugu on a ‘Built, Operate and Transfer’ (BOT) basis, financed by Chinese EXIM Bank with counterpart funds from Nigeria. The Contract Total Sum was $500 million with Counterpart Funding of $100 million from Nigeria.

“The fact of the matter is that, Nigeria paid her own sum of $100 million on the 29th of January 2014 through the Central Bank of Nigeria (CBN) at the beginning of the projects.”

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