Finance ministry should be renamed as foreign loans, debt accumulation ministry – HURIWA tells Buhari

The Human Rights Writers Association of Nigeria, HURIWA, has called on President Muhammadu Buhari to change the name of the Ministry of Finance, Budget and National Planning to “Ministry of Foreign Loans Collection.”

HURIWA made the call while lamenting the continuous loan applications by the ministry.

The frontline rights group, in a statement by its National Coordinator, Emmanuel Onwubiko said: “Vexed by the unrelenting applications by the Federal Ministry of Finance and Budget for foreign loans since the assumption of office of the President Muhammadu Buhari’s government in 2015, a call has gone to the President to rename the ministry of finance and Budget to Ministry for foreign loans collection.

“We honestly think that the President should table before his weak Federal Executive Council the proposal for a change of name of the Federal Ministry of Finance, Budget and National planning to the Federal Ministry for Foreign Loans and Debts accumulation.

“This is because Nigerians have come to see that the Minister of Finance Zainab Ahmed does nothing else than inundating Nigerians with the bad news of the constant requests from all kinds of places around the world for external loans which are actually not been utilised to grow the economy or advance the living conditions of Nigerians but these huge loans are used to service the ballooning costs of running government and paying juicy allowances to Federal government officials”.

HURIWA also dismissed as puerile and distasteful, the opinion credited to the Senate President, Ahmed Lawan for saying that Nigeria will continue to apply for foreign loans because the nation is poor.

The Rights group said it “made no sense to accept such a fallacy from the Senate President because in the first place, Nigeria is not poor but resource rich but has poor and corruption infested political leadership and importantly, poor nations without resources aren’t given or granted loans by creditors unless such debtors have collateral by way of resources that the creditors like China can fall back on if Nigeria fails to meet her repayment conditionality.”

HURIWA said: “If Nigeria was such a poor country, creditors like IMF, World Bank, China, Paris Club and London Club won’t be falling on each other to extend loans and credit facilities to a poor nation which is why China for instance has a proviso for sovereign guarantee before awarding those frivolous loans because China is aware of the resource rich nature of Nigeria.”

The right group frowned against the backdrops of the latest approval by the National Assembly of a further $6.18 billion foreign loan by Buhari, stressing that the essence of setting up a ministry of finance is to fashion out and effectively implement sustainable and viable financial mechanisms for aggressively boosting the economy of Nigeria and Nigerians and for promotion of the principles of transparency, accountability and good governance through good policies.

HURIWA also lamented that whereas most nations of the world are concentrating her economic and national planning efforts towards boosting the productivity of the citizens and Gross Domestic Products of their countries through industralisation and the administration and maintenance of public works and social infrastructures to create enabling environment for private sector businesses to thrive and drive economic growth, the federal and state governments in Nigeria are in the bonanza of collecting foreign credit facilities and loans so as to finance the ostentatious political lifestyles of the politicians in the corridors of power.

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Tell it to your president.

Lol

By the time Buhari is done with this country Nigeria would become the richest mil-LOAN-naires of the world

Absolutely. Funny enough they're collecting loans to loot. Like Abacha like Bubu

Yes o

Federal Ministry Of Foreign Load and National Indebtedness

Buhari has no plan for this country.
He was struggling earlier to become a president by title, but not for good governance.

This skinny man is clueless.

But we at Vulture News Network know that our darling daddy doesn't borrow or accumulate debts on behalf of the country. As a matter of fact, our economy is booming with investors keen on tapping into the wonders of our darling president. We have also been lending to other neighbouring countries all thanks to the excellent economic policies of Jubrin

Lalasticlala Mynd44

Zoo capital of the world
Loan Capital of the world
Cow and Donkey capital

For the sake of your kids.... Please if you have the chance... Don't hesitate to Japa

The end of the world is nigh

HURIWA talking to some people's Darling President in za language he understands.

Lol.

I hope other African countries are learning from Nigeria.

You do not put a Fulani in charge of your country unless you intend to run it aground.

Their only area of expertise is CATTLE. That's all.

The present administration has no viable finance team, that's why the economy is currently the way it is. The current minister seems not to have a clue about what she is doing.

The CBN governor too is another individual whose only addition to Nigeria is the introduction of various transaction charges...

That finance minister with her dull face, like she is empty upstairs, I'm sure Malami the president will just place a call to her to loan huge amount, the clueless bubu's own is to nod in agreement.

The Federal Republic Of Loan On our way to China to ask for

Buhari is the worst thing to happen to mankind

She can't handle Nigeria finance but she have to source elsewhere internationally for get the budgets covered... damn

the best name that suits the ministry and also GMB should add it to his name. a.k.a borrow, borrow president

Funny

Na so

That's the perfect name for a minister that has failed to live to its primary responsibility in the last six years.

By the time "Buhari" is done with Nigerians eh, we will have sense by force

he who goes a borrowing, goes a sorrowing

Honestly I don't know if Buhari is a plaque sent to deal with Nigerians. It really got me thinking.

In the other thread, bandits killed over 42 people in Zamfara. So what exactly are the Northerners except few elites gaining from this devilish administration?

Yeah, HURIWA... The name suits the Ministry in all ramifications!

Borrow borrow clueless mofos!

Lolz.
The most useless and unproductivity President in the history of Nigeria.
All he knows to do best is collect loans.
They should not allow him take any loan whose repayment plan is beyond 2022.
Mumu Fulani Retardeen from Niger Republic.