A former House of Representatives member Dachung Bagos has questioned Nigeria’s borrowings, wondering how the country is going to pay back.
President Bola Tinubu recently sent a ₦1.77 trillion ($2.2b) loan request to the National Assembly.
Days after the move, the Senate approved the request, prompting questions from many Nigerians including Bagos who represented Jos South/Jos East.
“You are collecting loans, where are the templates? What are the templates for repayment of those loans? We are not a producing nation. We are not industrialised. We are not an exporting nation,” he said on Thursday.
“So, a lot of issues are wrong with our loans. You borrow to take breakfast, borrow to take lunch, borrow to take dinner every day, borrow to pay your children’s school fees, borrow to do every single thing. How are you going to pay those loans?”
Peoplesmind
