The Ekiti State Governor, Mr Ayodele Fayose, has made his opposition to the proposed $2 billion loan being sought by the Federal Government of Nigeria very clear as he has written to the Chinese Government not to yield to the request because he feels the loans will further put Nigeria in trouble. INFORMATION NIGERIA brings you 4 points Fayose made, then tell us if you agree with him…
-According to him, Nigerians were “totally opposed to increment of the country’s debt burden, which is already being serviced with 25 per cent of the Federal Government annual budget.
-He insists that some of the projects for which the loan was being sought were not captured in the 2016 budget.
-He noted that the 2016 budget, which the FG borrowing for, is yet to be signed by President, Muhammadu Buhari, owing to unending controversies between the Executive and the Legislative arms of government.
-Fayose added that if the future of Nigeria must be protected, then the loan must not be given.
What is your take???