Governor Ayodele Fayose of Ekiti State has urged the Senate President, Bukola Saraki, not to join the Federal Government in ruining Nigeria by supporting President Muhammadu Buhari’s request for $29.96bn foreign loan.
Governor Fayose, who called on Saraki to join Nigerians who were against the loan, cautioned him not to because of his own personal interests join Buhari to ruin Nigeria.
Gov. Fayose in a press release issued by his Special Assistant on Public Communications and New Media, Lere Olayinka, said the senate president must realise that “no matter how much he tries to warm himself into the hearts of the Aso Villa Cabal; they can never love him and accept him into their fold.”
Fayose also queried the economic sense in taking over N12 trillion loans so as to be able to spend more money during economic recession.
“How can a nation be proposing to spend more money when its income has reduced considerably?
“Yes, it is being argued that nations in recession must spend to get out of recession, but in the case of Nigeria, how do we pay back when as of today, 30% of our income is being used to service debt?
“What will happen to our economy when over 60% of our income is being used to service debt?”
Fayose begged the senate to be mindful of the reality that many states in Nigeria were unable to pay workers salary now because of the huge debt left behind by past administration.