Nigeria Heads Back To Slavery
June 16, 2008 by 
Che Oyimnatumba
The Federal Government at the tail of last week announced that she has approved the sourcing of a loan of Forty Billion Naira (40 bln) to enable her rehabilitate some dilapidated federal high ways across the country.
This journey to slavery of the international lending agencies was announced by the minister of information at the end of the federal executive meeting.
One of the moves by ex-president Obasanjo that endeared him to Nigerians was the payment of the debts Nigeria has owed the World Bank, IMF, Paris Club and other agents of non-development in Africa.
Nigerians are worried that despite the unprecedented increment in the global price of crude oil, the Yar’Adua administration is asking for loan to rehabilitate roads. Nigerians want to know what happened to the excess accruing since crude hit $118 per barrel, estimated at $18bn in the Excess Crude Oil Revenue.
The Obasanjo regime regaled us that the missing Abacha loots were used for debt buy back, liquidation and out right redemption of Nigeria from the strangle hold of the international money lenders.
Meanwhile President Yar’Adua has rounded off a state visit to France where he made pledges of corporation between France and Nigeria.
| 2.5 |
Comments
Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!