PDP’ll engineer single digit lending, boost local content – Spokesman

The Peoples Democratic Party (PDP) has disclosed that its blueprint for economic recovery include pursuing deliberate policies that will guarantee single-digit commercial lending rate across all productive sectors, immediately it is re-elected into office in 2019.
The party noted that, its economic blueprint will make a turnaround of the prevailing double digit permitted by the All Progressives Congress (APC).
PDP National Publicity Secretary, Kola Ologbondiyan, who stated this when a delegation from a coalition of small and medium enterprise owners paid him a visit in his office in Abuja, at the weekend, also disclosed that “the party plans to push policies that engender increased local content in all critical sectors.”
The party’s spokesman said “this initiative is targeted at providing the much needed interventions in key sectors including power, agriculture, manufacturing, construction, real estate, transport, solid mineral mining, oil and gas, education, retailing, among others, without which the economy cannot rebound.
According to Ologbondiyan, “there is no way economic activities can rebound unless we put our people back to work. Over 20 million Nigerians have been put out of work by the APC and many more are underemployed. Families are under stress and citizens have been subjected to abject poverty by the Buhari administration.
“Our recovery plan involves a concerted effort to reopen the market and encourage economic environment that will grant our investors and entrepreneurs affordable credit facilities to favourably compete and thrive.
“Our blueprint includes the formulation and implementation of policies that will guarantee single digit commercial lending rates as well as increased local content in all critical sectors. These will be targeted at boosting economic activities, revamping our industries and reopening the space for massive investment and employment opportunities for millions of Nigerians across all sectors,” he said.