Experts and Civil Society Organisations who spoke to our correspondents faulted the process of approving loans for the current regime by the National Assembly.
He had said the proposed loan, which is equivalent of N2.3tn would be used to finance the 2021 budget deficit of N5.6tn. He explained that the amount would be used to fund federal and state governments projects cut across key sectors such as infrastructure, health, agriculture and food security, energy, education and Human Capital Development and COVID-19 response efforts.He said they would bring about employment generation and poverty reduction, as well as protection of the most vulnerable and very poor segments of the Nigerian society.
“The projects listed in the external borrowing plan are to be financed through sovereign loans from the World Bank, French Development Agency, EXIM Bank and IFAD in the total sum of $4,054,476,863 and €710m and grant components of $125m. “What is the level of implementation of the projects the government said the loans were being acquired for. They are supposed to know these before they approve another loan.”
EFCC, will not do their work now, they only flex their muscle in chasing what they call yahoo boys around
Nigeria doesn’t have house of reps
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How can we fast track 2023 pls?
They just love to borrow money and no way of paying it back. They don’t use the money for any meaningful projects. They just steal it for themselves.
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