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Shehu Reacts To the News of Nigeria Taking Loans from World bank & Brazil Worth of $1.5b and €995m.

Shehu Sani on his twitter handle expressed his disappointment over the Federal Government taking loans worth of $1.5billion from World bank to be shared to the States and €995million from Brazil for Agriculture.

He said, what happened to the Federal Allocations & excess crude?;What happened to the anchor borrowers program?

It is very unfortunate that this government keep piling up debts for the upcoming generation.

The only country in the world where they borrow money for capital projects but end up sharing it among themselves..

The funny thing is that the monies they are borrowing are in Dollars, Euro and Pound Sterling... While our domestic currency are "Local Printed papers".

It seems as if Buhari only came to punish Nigerian with hardship,empower terrorists/bandits and make sure every Nigerian owes debt via international loans.

If only the government can help us understand why we should continue to pay taxes? Is it for insecurity that sleeps in our hearts daily, food prices on the increase, value of money nosedived, electricity zero, fuel price deadly, health care out of reach, corruption and national tenant.

They forget to bear in mind that indebtedness is a major crack, a loophole and a bold step on how a country fails! Nigeria is headed to the right direction, it will meet its fate.

I believe soon this country would be sold out. By the time we're not able to service these loans, we may have to give up our sovereignty. Why are the states not doing anything to improve on their Internal Generating Revenue? This must not be allowed!

Each successive state government finds itself in heavy debt and their only recourse is to wait for the dwindling oil allocations and to borrow even further. "Business as usual"

This Buhari's Administration will destroy this country before 2023. What is the purpose of having states that can't run it self? It is even more annoying that the only thing this govt is good at is borrowing money. Abacha loot was relooted under the guise of social investment scheme.May God help us.


See screenshots of his tweet below;


What is your own view on Nigerians taking fresh Loans?


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Source: Twitter

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

Brazil Federal Allocations Pound Sterling Shehu Shehu Sani

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