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Nairaland Forum / Nairaland / General / Politics / Freeze All Borrowings Now! (426 Views)
"Buhari’s Borrowings Will Enslave Nigeria Eternally" – Fayose / Jonathan's Borrowings Is To Blame For The Current Economic Recession-presidency / FG Okays More External Borrowings, Vows To Turn Economy Around- Vanguard (2) (3) (4)
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Freeze All Borrowings Now! by zomoears(m): 10:44am On Apr 01, 2015 |
Incumbent governments that have seen the handwriting on the wall have initiates teps to tie the incoming governments with heavy debt burden.These debts have been negotiated with such steep payment terms that over 1/3rd of the expected state allocations for a period of over 3 years are been mortgaged away. It's about time we took a break from this politicking and look at the stumbling blocks these outgoing governors are putting in place for the incoming guys. Furthermore, the government at the centre, through NOI in recent times have been making attempts to secure loans to heavy sums, outrageous figures like $2bn! Buhari should make a pronouncement about this attempts now, before they milk the nation dry and saddle his government with debts. Long live GMB Long line Nigeria! |
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