Breaking News
Translate

Ohanaeze tasks National Assembly on $22.7 bn loan without South-East interest

Kindly Share This Story:
Ohanaeze tasks Nat'Assembly on $22.7 bn loan without S-East interest
ohanaeze

By Anayo Okoli

OHANAEZE Ndigbo has condemned in strong terms, the approval by the National Assembly , of the controversial 22.7 billion dollar loan request by President Muhammadu Buhari, which does not accommodate any project to be located in the entire South East zone.

In a statement by the deputy publicity secretary of Ohanaeze, Chuks Ibegbu, the apex Igbo body tasked the National Assembly “to tell Nigerians the conditions for approving the 22.7 billion dollar loan request for the federal government, an issue that was hithertosuspended when the South East was excluded.

“We want to know if the South East is now included in the loan they are also expected to contribute to pay back”, Ohanaeze demanded.-

READ ALSO: STRIKE: Ondo Doctors issue 14 days ultimatum to Akeredolu

The statement said, “ we want Igbo legislatures at the National Assembly to explain to Ndigbo and Nigerians what actually happened that made the National Assembly to suddenly approve the loan.

“Is the South East now properly captured in the loan? If not, then the loan is null and void and cannot endure. Nobody should grant any loan to Nigeria if the loan is for sectional and nepotic interest”.

Ohanaeze also lamented that the nation is incurring debts for its future generation by excessive borrowing when nothing substantial is seen for all the loans.

“There is nothing on ground to justify these loans and they keep on borrowing and mortgaging the future of the country. Nigerian youths and students should ask questions now as their future is in danger with this act.

“Every day, we hear about debt repayment and debt services etc. When, who, how, why and where these debts were incurred, nobody tells us. Where are the projects that consumed these debts, we cannot see”, the statement lamented.

Vanguard

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.

Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!