Nigerian Live TV President Jonathan to borrow $450 Million Dollars from Islamic Development Bank Barely fews weeks after borrowing $3 Billion Dollars from China, Our President is borrowing yet another $450 Million Dollars from Islamic Development Bank. The proposed borrowing according to Oga at Top is to finance yet another power project. Does he ever sleep? You bet he does, after all does he look to you like someone disturbed or bothered that he is plunging Nigeria into a deep hole? Theease at which the lives & future of our country is being mortgaged is worrisome, these excessive loans has so much trap let into it which will come back to hunt all of us later. BELOW ARE SOME OF THE LOANS ALREADY BORROWED BY PRESIDENT JONATHAN FOR PIPELINE PROJECTS ALONE *World Bank, $2.975billion; *African Development Bank,$731.23 million; *Islamic Development Bank,$672.85 million; *French Development Agency, $56.61 million and *Exim Bank of China, $3 billion.” Also be informed that all these loans has a repayable term year of 40 years with a fixed 10 year moratorium. TAKE NOTE In one of the loans he borrowed last year in 2012, below was how Daily Trust analyzed it $7.9bn loan: Nigeria to pay$5.4bn charges. At least $5.34 billion of the$7.9 billion foreign loans being taken by Nigeria will goback to the lenders in form of interests and other charges within the 10-year moratorium period alone, according to a Daily Trust analysis of figures submitted to the National Assembly by President Jonathan.
Posted on: Mon, 05 Aug 2013 12:34:16 +0000
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