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Don't give the Nigerian govt any loan, we're not ready to repay such loans"- NINAS tells IMF, others

It is no news that the Nigerian government is seriously complaining that there is no money in the country, and as such, the government is planning on going to developed countries to request a loan. 

Recall that president Muhammadu Buhari wrote to the Senate and the House of Representative requesting the resolution of the National Assembly of the new external loan of N2 trillion.  

Photo of President Muhammadu Buhari

So many Nigerians are reacting to the loan the government are planning on collecting and according to Sahara Reporters, some of the leaders in the Southern Nigeria and also at the middle belt which are under the protection of the Nigerian Indigenous Nationalities Alliance for Self-determination (NINAS) have send a warning message to the international communities such as the World Bank, International Monetary Fund (IMF), United Nations, African Union, European Union, United States, French, Chinese and British government to completely stop the act of giving out of loans to the Nigerian government, stressing that when the Nigerian government borrow this money mainly on projects, it can only be seen as an act of negligence and that the Indigenous nations will not by anyway repay the loan that will be borrowed by the Nigerian government if they fail to payback the loan and also the government assets will not be used as collateral to offset the loans. 

These statements were signed by the Otunba Shade Olukoya, Treasurer, Ilana Omo Oodua, and Chairman, Steering Committee of NINAS

My advice is that the Nigerian government should use the income generated in the country to do what is needed to be done in the country rather than borrowing. Or better still, the salaries of the Governors, Senators, etc. should be slashed down to generate income 

Guys, what do you have to say about this?

Let's see your reaction and opinions. 

Source: Sahara Reporters. 

Content created and supplied by: Bestofitskind (via Opera News )

African Union IMF Muhammadu Buhari NINAS Nigerian


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