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Apc House Leader Rejects Jonathan’s $1bn Loan Request

Minority Leader of the House of Representatives Femi Gbajabiamila has faulted President Goodluck Jonathan’s proposed $1 billion to fight Boko Haram.

Gbajabiamila said he was dismayed at what he called Jonathan’s penchant for loans when the country has sovereign wealth fund, reserves and excess oil revenues.

In a statement by his aide Wasiu Olanrewaju-Smart yesterday, the minority leader urged Jonathan to explore trade by barter option in his efforts to step up military hardware and train personnel instead of piling up debts for the country.

“The request for $1 billion loan by the President after N3 trillion allocated to defence in three years with nothing to show for it is evident that the President and his advisers regard Nigerians as imbeciles- which they are not,” he said.

Gbajabiamila maintained that when Nigeria is battling with myriads of challenges, it would be unfair “to incur a further $1 billion loan at whatever interest rate, that is one loan too many for our future generation to pay off.”

He advised his colleagues in National Assembly to restrain themselves from granting the “perfidious request”.

AmarSim Associations Development Consultants

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