ADVERTISEMENT

Governor warns Saraki not to grant Buhari’s $30bn loan request

Fayose made the call via a statement issued by his Special Assistant on Public Communications and New Media, Lere Olayinka.

 

Fayose made the call via a statement issued by his Special Assistant on Public Communications and New Media, Lere Olayinka.

The statement reads:

“How can a nation be proposing to spend more money when its income has reduced considerably? Yes, it is being argued that nations in recession must spend to get out of recession, but in the case of Nigeria, how do we pay back when as at today, 30 percent of our income is being used to service debt? What will happen to our economy when over 60 percent of our income is being used to service debt?”

ADVERTISEMENT

“When the Senate unanimously threw out President Muhammadu Buhari’s request for external loan of $29.96 billion, many Nigerians heaved a sigh of relief and hailed the Senate.

“However, unfolding events in the last few days suggest a dangerous alliance between the Presidency and the Senate President, Bukola Saraki to ensure the approval of the $29.96 billion loan at all cost.

According to the governor, he alleged that feelers getting to the public suggest that the on-going Code of Conduct Tribunal (CCT) trial of the senator is being used as blackmail to get him to back the $29.96 billion loan.

“Senator Saraki should be mindful that the $29.9 billion loan will do incalculable damage to the country’s ailing economy because of the amount presently being used by the federal government to service loan monthly.

“Therefore, Senate Saraki must not allow himself to be seen as using the future of Nigeria as negotiation for his own interests."

ADVERTISEMENT

Fayose earlier said that Buhari has damaged Nigeria’s economy.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Atiku accuses Tinubu’s policies of 'killing Nigerians' amid rising inflation

Atiku accuses Tinubu’s policies of 'killing Nigerians' amid rising inflation

Tinubu demands end to Israeli aggression, wants 2-State solution actualised

Tinubu demands end to Israeli aggression, wants 2-State solution actualised

VIDEO: Why Nigeria must break up for Igbos to survive – Sowore

VIDEO: Why Nigeria must break up for Igbos to survive – Sowore

Bakare is an advocate of truth on national issues and a true man of God - Tinubu

Bakare is an advocate of truth on national issues and a true man of God - Tinubu

FCT Consumers protest prepaid meter price hike amid economic hardship

FCT Consumers protest prepaid meter price hike amid economic hardship

Ondo AG says State’s future depends on Aiyedatiwa’s victory, APC to win all 18 LGAs

Ondo AG says State’s future depends on Aiyedatiwa’s victory, APC to win all 18 LGAs

LAGESC evicts 84 illegal occupants under Eko bridge, arrests 1 for illegal toilet

LAGESC evicts 84 illegal occupants under Eko bridge, arrests 1 for illegal toilet

2 Killed, 2 injured in armed robbery attack in Abeokuta, Police confirm

2 Killed, 2 injured in armed robbery attack in Abeokuta, Police confirm

Yobe Govt plans to provide solar power for all secondary schools by 2025

Yobe Govt plans to provide solar power for all secondary schools by 2025

Pulse Sports

Ademola Lookman: CAF celebrates Super Eagles star goals at AFCON ahead of African Footballer of the Year award

Ademola Lookman: CAF celebrates Super Eagles star goals at AFCON ahead of African Footballer of the Year award

Duplantis shows off fiancee with Sha'Carri Richardson at LSU football game as Christian Coleman watches on

Duplantis shows off fiancee with Sha'Carri Richardson at LSU football game as Christian Coleman watches on

Lookman makes Ballon d’or history Osimhen, Kanu failed to achieve

Lookman makes Ballon d’or history Osimhen, Kanu failed to achieve

'I will pick him everyday' - Paul Pogba settles Ronaldo vs Messi debate

'I will pick him everyday' - Paul Pogba settles Ronaldo vs Messi debate

Cristiano Ronaldo surpasses the world’s richest female musician on YouTube who is 2 times richer than him

Cristiano Ronaldo surpasses the world’s richest female musician on YouTube who is 2 times richer than him

Most Beautiful: Sha'Carri Richardson turns up with 'boyfriend' Christian Coleman for Cowboys-Falcons game receiving loud ovation

Most Beautiful: Sha'Carri Richardson turns up with 'boyfriend' Christian Coleman for Cowboys-Falcons game receiving loud ovation

ADVERTISEMENT
ADVERTISEMENT