The Senate Minority Leader, Senator Enyinnaya Abaribe, speaks with SUNDAY ABORISADE on the controversial approval of the foreign loan request of the President, Major General Muhammadu Buhari (retd...
on the controversial approval of the foreign loan request of the President, Major General Muhammadu Buhari , and the alleged autocratic nature of Nigerian leaders, among other issues
There was no much information on the details of the proposed borrowing plan when the issue was debated upon on the floor. There was no breakdown at that stage. Details of the borrowing plan and the beneficiaries were brought out when the committee met with the beneficiaries of the loan.
Everybody has seen that the borrowing plan had no single provision for the South-East geopolitical zone, yet the South-East would be made to pay for a loan that didn’t benefit its people. I had the opportunity to be at the Rivers State Government House over the weekend and the state Governor, Nyesom Wike, said there was no Federal Government investment in the state, despite the fact that the oil that comes from there, would be used to repay the loans.
Both the Finance Minister and the Chairman of the Senate Committee on Finance said the 8th Senate approved about $6bn out of the $29.96bn requested by the Federal Government then, were the details of the amount approved then provided for you…. Now that the South-East and the South-South geopolitical zones are saying that their people are not beneficiaries of the multi-billion dollar loan request, do you foresee a review of the borrowing plan?
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