Group tells Buhari to rename the ministry of finance as “Foreign loans and debts accumulation”

group tells buhari to rename the ministry of finance as foreign loans and debts accumulation
group tells buhari to rename the ministry of finance as foreign loans and debts accumulation

Human Rights Writers Association of Nigeria has asked President Buhari to rename the Federal Ministry of Finance, Budget and National Planning to the Federal Ministry for Foreign Loans and Debt Accumulation in light of the numerous foreign loans the Buhari administration has accumulated since taking office in 2015.

The statement, signed by the National Coordinator and Media Affairs Director of HURIWA, was titled: ‘Rename Finance Minister To Minister Of Foreign Loan Collection:- HURIWA Tells President Buhari’. It is a serious concern that the government continues to seek loans from abroad. The statement was in reaction to the recently approved request from the Senate for the President to borrow N2,343,387,942,848 to help finance the size of the federal budget in 2021.

    Our sincerely held opinion is that the President should suggest that the Federal Ministry of Finance, Budget and National Planning be renamed the Federal Ministry of Foreign Loans and Debt Accumulation.

    Nigerians have come to realize that the Minister of Finance Zainab Ahmed primarily informs Nigerians of the bad news of the countless requests from around the world that are not being used to grow the economy or improve the living conditions of ordinary Nigerians. Instead, these huge loans are being used to run the government and pay bonuses to government employees.”

According to the group, the government collects foreign loans in order to finance their ostentatious political lifestyles.

    Nigeria’s federal and state governments are collecting foreign credit facilities and loans in order to finance the extravagant lifestyles of the politicians in power.

    The new form of enslavement must be opposed. While these government officials collect loans and fritter away money to fund their expensive lifestyles, millions of Nigerians have become impoverished.

    Despite Nigeria’s mineral and oil wealth, its officials would loot its revenues heartlessly, just two years ago it had over 90 million poor citizens and was the “poverty capital of the world,” stated the statement.

The group also blasted the leadership of the National Assembly for always approving the loan requests.

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