BusinessPolitics

Scandinavian APC leader – Cancel loans deals with the Nigeria’s sovereignty at stake

Share

Ayoola Lawal, the chairman of the All Progressives Congress (APC) in Scandinavian countries, has called for unity amongst Nigerians, imploring them to immediately demand the cancellation of any loan agreements with anti-Nigeria sovereignty clauses.

Lawal called on President Muhammadu Buhari to look into the agreement and ensure that the contracts with China is given a telescopic look and analysis, he urged citizens to collectively stand up and speak up.

Currently, Nigeria owes China about $3.1billion, more than 10% of the $27.6billion external debt stock. Nigeria’s debt independent revenue is presently at 96%,” he noted.

In his statement, he commended the House of Representatives for bringing the clauses to light and for being professionally detailed in its oversight functions.

He said: “It is hard to sink in and comprehend that our loan lead negotiators and others involved in the negotiation and signing of the contracts can play with the sovereignty integrity of the most populated black nation on earth, Nigeria, on a platter of gold for infrastructural loans with any country.

In continuation, he said: “Nigerian youths whose future is at stake are instead busy condemning and wailing on Big Brother activities rather than voicing their minds on mortgaging of their freedom and sovereignty.”

He said, “We must demand the cancellation of Chinese loans as long as our sovereignty is directly or indirectly linked to them.”

Meanwhile, statistics revealed that Nigeria has obtained 17 different Chinese loans to fund different categories of capital projects, and 2018 loans servicing will end in 2038.

Fatimah Oyesanmi

Total Page Visits: 595 - Today Page Visits: 1

Comment here