Lawan-led Senate under fire for approving Buhari’s $22.7 billion loan
The rights group believes that the collection of the foreign loans, which would be re-looted by governmemt officials, offends several provisions of the Nigerian constitution including sections 16; of the Nigerian constitution.
“ harness the resources of the nation and promote national prosperity and an efficient, a dynamic and self-reliant economy. without prejudice to the right of any person to participate in areas of the economy within the major sector of the economy, protect the right of every citizen to engange in any economic actitivies outside the major sectors of the economy. the promotion of a planned and balanced economic development;
“ that suitable and adequate shelter, suitable and adequate food, reasonable national minimum living wage, old age care and pensions, and unemployment, sick benefits and welfare of the disabled are provided for all citizens.” It added, “We all know that when Nigeria had an activist National Assembly headed by Senator Bukola Saraki, this move by President Muhammadu Buhari to mortgage Nigeria into the enslavement of the Chinese creditor was rejected.
“Now the current administration has brought us right back to the status of a heavily indebted nation and worst still these huge funds would be siphoned like all the revenues generated by Customs, Federal Inland Revenue Services and from the exports of crude oil to the international market ”
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