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Friday, September 20, 2019

NIGERIAN REACTION AS FG APPROACHES WORLD BANK FOR 2.5 BILLION DOLLAR LOAN



All the people who are singing praises for this regime should better wake up. 

Nigeria may not be able to pay its debt in next 50 years. It is so dishearten that all these debts were incurred within last four years. 

Upon all these;
*  Poverty rate is still on the increase.

*  High retrenchment of staff in banking and other industries.

*  Insecurity

*  High rate of kidnapping, killing,  robbing etc. 

*  High rate of emigration of our citizens to other countries.

All these are pointers that something is wrong. 

All the loans collected before, Nigerians are yet to see what they were used for. 

+  Billion of dollars extracted from Abacha's loot,  Nigerians are waiting to see where it will be invested in. 

+  All the money recovered from corrupt politicians, Nigerians are still watching to see how it will be spend. 

+  Tax and levies generated from ±Nigeria seaport is it not more than enough to take care of Nigerians need? 

+  Inland revenues and VAT where are the money? 

Nigeria have no reason to take loans unless...

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