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Fayose urges China not to grant $2b loan to Nigeria’s
Ayodele Fayose, the Ekiti State Governor, has written to the Chinese government seeking the stoppage of the $2 billion loan being sought by the Federal Government of Nigeria.
President Muhammadu Buhari’s visit to China this week was to discuss the development of the country’s infrastructure.
In the letter dated April 12, 2016, with reference number: EK/GOV/28/10, addressed to President Jinping and given by Fayose’s Chief of Staff, Mr. Dipo Anisulowo, in Abuja yesterday through the Chinese Ambassador to Nigeria, Gu Xiaojie, the governor said some of the projects for which the loan was being sought weren’t shot in the controversial 2016 budget, which has been sent to President Buhari by the National Assembly for his assent.
The letter reads in part: “I write as among the major stakeholders in the project Nigeria, and a governor of certainly one of the federating units making up Nigeria, to draw your attention to report that the Federal Government of Nigeria is on the verge of obtaining a $2 billion loan from the Export-Import Bank of China.
“This $2 billion loan is part of the N1.84 trillion the Federal Government of Nigeria has proposed to borrow to finance the 2016 budget, which can be yet to be signed by the President, Muhammadu Buhari, owing to unending controversies between the Executive and Legislative arms of authorities. Follow this link to find out more about today Naija news paper – The site has the newest news about Naija. “