Ekiti State Governor, Mr Ayodele Fayose has warned President Muhammadu Buhari’s government against borrowing $29.96 billion to finance the 2016 budget.

He said such debt will finally depress the country’s economy, calling on Nigerians to reject the decision.

Fayose, who accused the Senate President, Senator Bukola Saraki of giving tacit support to the Buhari’s move, warned that any attempt to subvert the wishes of Nigeria, whom he said had vehemently rejected the proposition will be tantamount to betrayal of trust.

The governor also predicted that a great implosion will soon rock the ruling All Progressives Congress (APC) that would sign a death knell for the party before the 2019 general elections.

Fayose spoke in Ado Ekiti yesterday while delivering a lecture entitled: ‘Journalism: Antidote to Economic Recession’ to mark the 2016 Press Week of the Ekiti Council of the Nigeria Union of Journalists (NUJ).

Fayose, who criticised Buhari for blaming the past governments for the economic woes despite that he has spent one and half years in the saddle, said borrowing of such huge amount of loan from the international market would push the economy from the present recession to depression level.
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Okay the article is here already: https://www.nairaland.com/3460834/29.9bn-loan-fayose-wants-senate

Mr Governor u are against the loan but you failed to give any alternative.

I would suggest if u have no better alternative why not keep quiet!

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