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Wednesday, May 24, 2023

LOAN REPAYMENT RAISES CONCERNS


Mahdi Shehu expressed his reaction to the news regarding the Dangote Refinery's 70% loan, as stated by Emefiele, the CBN governor. 


Shehu commented, "Upon hearing about the Dangote Refinery's loan repayment progress, Dangote acknowledged Emefiele's support, while Emefiele mentioned that Dangote has already paid over 70% of the loan." 


Shehu then questioned, "How is it possible for 70% of the loan to be paid when production and revenue earnings have not even commenced yet? This raises concerns for us and raises doubts about their claims."

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