External Borrowing- A Preplanned move to......-Federal Workers
- By solomon2day
- On 30/05/2025
- In News
The ceaseless external borrowing by the Federal Government is a preplanned plot to defraud Nigeria.
This assertion was made by government workers, who are members of the Federal Workers Forum(FWF), through their National Coordinator, Comrade Andrew Emelieze.
''The endless borrowing of the Federal Government from foreign financial institutions is obviously a pre-planned agenda to defraud the country, for personal gains,with the active connivance of the Legislature. This is a bad omen for Democracy. How can the legislature be a rubber stamp? This is regrettable.
In a similar development, the General Secretary of the United Action for Democracy, Comrade Kunle ''wiseman'' Ajayi, has opined that the present state of things in Nigeria is disturbing, saying, ''we are in a war situation. And as it is there is an urgent need for Nigerians to heighten their expression of discontent over the deteriorating state of the economy, hunger, poverty and violent crimes.
Comrade Ajayi noted that the undisclosed purpose for borrowing by the government is to undermine the economic well-being of millions of Nigerians.''
''Their plan is to perpetually keep the country indebted to the foreign financial institutions. Nigeria has no justification to be poor because the country is naturally endowed and blessed.'' Comrade Ajayi stated.
External Borrowing Federal Government of Nigeria