The Socio-Economic Rights and Accountability Project (SERAP) has sent a Freedom of Information request to President Muhammadu Buhari requesting him to use his “leadership position and the opportunity of the 5th anniversary of your government in office to provide spending details of all loans obtained by the government since May 29, 2015, including details and locations of projects on which the loans have been spent.”
Socio-Economic Rights and Accountability Project
Mr Buhari had last week sought the National Assembly’s approval for a fresh loan of $5.513bn, reportedly to fund the 2020 budget deficit, critical projects, and support some states. The National Assembly recently approved a N850 billion loan. Another loan of $22.79bn, already approved by the Senate, is pending before the House of Representatives.
According to SERAP, “Rather than taking more loans and increasing Nigeria’s debts burden to fund the opulent lifestyles of former state governors receiving life pensions, we urge you to cut the costs of governance, including by obeying the judgment ordering your government to challenge the legality of states’ pension laws, and to recover pensions collected by former governors.”
“Any unresolved allegations of mismanagement, bribery and corruption in the use of loans would continue to deprive millions of Nigerians access to basic public goods and services, and would leave your government without the resources to respond to the COVID-19 crisis.”“We would be grateful if the requested information is provided to us within 7 days of the receipt and/or publication of this letter.
“It would also help to avoid a morally repugnant result of visiting the sins of corrupt governments and officials on innocent Nigerians.”
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