Boko Haram: Gbajabiamila Rejects $1BN Loan Request, Proffers Alternative The Minority Leader of House of Representatives, Femi Gbajabiamila has advised the Federal Government to explore trade by barter option in its effort to step up military hardware and train military personnel instead of piling up debts for the country. The All Progressives Congress (APC) and Leader of Opposition in the green chamber through a statement issued by his research and media aide, Wasiu Olanrewaju- Smart on Sunday in Abuja expressed dismay at President Goodluck Jonathans penchant for loans when the country has sovereign wealth fund, reserve and excess oil revenue. He stated that, the federal government by setting an illegal benchmark has been creaming off about $ 30 per barrel of our crude oil sales which it puts in an illegal excess crude account. If it insists on cash it should reach into that illegal account. Again it also set up the Sovereign Wealth Fund, a component of which it described as future generation account. Well Madam Minister, the Chibok girls represent the future generation, go into that account if you must. Assuming the National Assembly will allow that. But to incur a further $1billion loan at whatever interest rate, that is one loan too many for our future generation to pay off and the answer is a CAPITAL NO!!!
Posted on: Sun, 20 Jul 2014 16:13:03 +0000
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