Buhari’s $30bn loan not for merry making – Group

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An All Progressives Party (APC) support group, Progressives Legacy Forum (PLF), has said that plans by the President Muhammadu Buhari-led administration to a foreign loan of $30 billion was not meant to make merry, but to urgently develop the country according to the manifestoes of his party.


The forum, therefore, appealed to the Senate to re-think their action.

Speaking with newsmen at the weekend in Abuja after its second meeting, national coordinator of the forum, Alhaji Aruna Zago, it is obvious that current administration had embarked on massive construction of roads across the country “which are commendable.”

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While commenting on the foreign loan, he said: “About the foreign loan the federal government is planning to borrow, we are sure that this government is willing to spend this money judiciously on the welfare if the people and the development of the nation. This government is not planning to use the money to buy cows or houses. We are appealing to Senate to look at it critically and support the federal government.

“We commend government on the recent intervention on the following roads in the Nigeria; Enugu- Onitsha Express Road, Maiduguri- Kano Expressway, Owerri – Mbaise Umuahia, Lagos – Ibadan- Ilorin federal highways; just to mention but a few.”

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The Forum, however, urged the federal government not to relent on her efforts to explore agriculture, procurement and distribution of fertiliser, solid minerals deposit; exploration and exploitation for revenue generation and creation of employment.

On the economy, the pro-Buhari group suggested “ban on certain categories of items and encourage Nigeria-made goods as unchecked importations drains the scarce foreign exchange, thereby putting serious strain on the economy.”

“We thereby encourage Nigerians to understand the present situation in the county and rally round the government of President Muhammadu Buhari so that we can move the country forward knowing that change begins with you.”

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