$22.7bn: It Will Have Direct Impact On Nigerians – Buhari Group

2 weeks ago yakubu 0

The Buhari Media Organisation (BMO) has on Sunday, March 8 told Nigerians that the $22.7bn loan approved by the Senate is one that will bridge the country’s infrastructure gap and launch it into the league of nations with top-class infrastructure at the shortest possible time.

BMO said that the loan is tied to projects that have a direct economic impact on the lives of average Nigerians. In a statement signed by BMO Chairman Niyi Akinsiju and Secretary Cassidy Madueke, and made available to newsmen on Sunday, BMO said this is unlike what Nigerians witnessed in the Peoples Democratic Party (PDP) years.

“We recognise that many Nigerians who lived through the 16-year misrule of PDP are apprehensive about the just approved external borrowing plan, but we make bold to say that things would be done differently this time.

A cursory look through the details of the approved loan would reveal that every single one of it is tied to one infrastructural project or the other, ranging from power to railway lines and even education reforms and social welfare schemes.

“This is different from what many Nigerians knew about the PDP years where foreign loans were simply for budget support and ended up being used to pay salaries, as explained by a one-time finance minister or looted.

“And that is why the opposition party came up with a lame reaction to the Senate approval in which it claimed the request was ‘brimming with unexplained, obscure, over-bloated and questionable subheads’.

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