| Press Statement; Rising Debt: Buhari Stop Mortgaging The Future Of Nigerians... by SteveAde123: 8:04pm On Sep 04, 2018 |
Press Statement
4/9/2018
Rising Debt: Buhari Stop Mortgaging the Future of Nigerians, Says Timi Frank
...Urges China to be Wary of Granting Loans
Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has described the astronomical rise in the nation’s Foriegn debt portfolio under the present administration as worrisome with a call on President Muhammadu Buhari to stop mortgaging the future of Nigerians.
Frank who made the declaration in a statement in Abuja also pleaded with the Chinese and other foreign governments to be wary of granting loans to the present administration.
He stated that despite over 100 per cent rise in the nation’s external debt under the Buhari administration, there is little or nothing on ground - in terms of concrete economic, social and infrastructural development to justify the huge debt already incurred by Buhari.
The former APC chieftain said that the goal of Buhari is to return the country to pre-1999 debt level which ex-President Olusegun Obasanjo fought hard to cancel.
“If something is not done urgently to stop these huge loans being amassed by Buhari,, the country’s future will be in jeopardy and our children’s children will certainly turn slaves to our creditors. Unfortunately this is the kind of future that Buhari is preparing for Nigerians - both living and yet unborn,” Frank stated.
He thanked the Chinese Government for recently signing a $328million ICT pact with Buhari but regretted that the loans they have released to the country in the last three years are not being utilized for the purposes they were meant.
“Nigerians only hear of loans that the present administration has incurred in the last three years, but there is nothing on ground to show that such amounts have come into the Federal coffers for development,” he stated.
Frank wondered how the nation’s external debt profile skyrocketed from $10billion in 2015, to $22.08bn as of June 30 this year - representing a whooping 114.05 per cent, according to statistics from the Debt Management Office (DMO).
He lamented that the nation’s local debt also currently stands at N12.15trillion.
He said: “Nigerians have not seen the proposed dividends accruable from these loans, otherwise, Nigeria would not have emerged the poverty capital of the world with over 87 million people living in extreme poverty - according to a report by the Brookings Institution on the World Poverty Clock recently.”
He urged the National Assembly to stop approving foreign loan requests by Buhari while calling on the Chinese and other world governments and international financial Institutions to desist from granting loans to the Buhari’s administration.
“The world ought to know that Buhari is on his way out as the 2019 election approaches. Therefore any loan agreement between Buhari and any entity at this point would be repaid by him in person and not the succeeding government,” he stated.
He called on the National Assembly to probe where and how the over $11billion external loans granted to Buhari’s administration in the last three years have been or are being utilized.
“This is not the way Buhari met Nigeria and he must not be allowed to worsen the economic condition of the country further, having failed to improve it. The National Assembly owes the country a duty to stop approving incessant foreign loan requests by Buhari.
“The world also owes Nigeria a duty to stop granting these loans because they are not being utilized for the welfare of the people,” he stated.
Signed
Comrade Timi Frank
Former Deputy National Publicity Secretary of the APC
timifrank40@gmail.com
07033555555 4 Likes 4 Shares 
|
| Re: Press Statement; Rising Debt: Buhari Stop Mortgaging The Future Of Nigerians... by georgelilian154(f): 8:09pm On Sep 04, 2018 |
God.... let Buhari not sell this country last last before he we finally send him parking in 2019 oh... Amen |
| Re: Press Statement; Rising Debt: Buhari Stop Mortgaging The Future Of Nigerians... by isaacojih: 8:26pm On Sep 04, 2018 |
The most annoying part of it is that, Nigerians are not benefiting anything from all the money he has been borrowing, he is not just a good leader, borrowing money from other country will not help Nigerians but rather to add more salt to the injuries his APC led administration have bestowed on us. |
| Re: Press Statement; Rising Debt: Buhari Stop Mortgaging The Future Of Nigerians... by musamukhtar71: 8:26pm On Sep 04, 2018 |
he who much is given, much is expected...in spite of all this administration has gotten from so call corruption loot, whistle blowers, UK and US returned some of the loots, where have they suddenly disappear to that we have to go for more loan. the future looks like a time bomb which is just waiting for its time to explode if buhari is not being caution for loans up and down. |
| Re: Press Statement; Rising Debt: Buhari Stop Mortgaging The Future Of Nigerians... by gracedarwin08: 8:45pm On Sep 04, 2018 |
Nigeria foreign debt has shooted up by 79.25 since the present government has taken power for just 3 years, According to the DMO, Nigeria’s debt stood at N21.73tn as of December 31, 2017, while the figure as of June 30, 2015 was N12.12tn.This means that within a period of 30 months – July 2015 to December 2017 – the country’s debt rose by N9.61tn, or 79.25 per cent. with nothing to show for the persistent increase in debt of these present Government only God can save us from the hand of a leader who cant solve problems but to add to the problem. A big failure and a lifeless president. SteveAde123:
Press Statement
4/9/2018
Rising Debt: Buhari Stop Mortgaging the Future of Nigerians, Says Timi Frank
...Urges China to be Wary of Granting Loans
Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has described the astronomical rise in the nation’s Foriegn debt portfolio under the present administration as worrisome with a call on President Muhammadu Buhari to stop mortgaging the future of Nigerians.
Frank who made the declaration in a statement in Abuja also pleaded with the Chinese and other foreign governments to be wary of granting loans to the present administration.
He stated that despite over 100 per cent rise in the nation’s external debt under the Buhari administration, there is little or nothing on ground - in terms of concrete economic, social and infrastructural development to justify the huge debt already incurred by Buhari.
The former APC chieftain said that the goal of Buhari is to return the country to pre-1999 debt level which ex-President Olusegun Obasanjo fought hard to cancel.
“If something is not done urgently to stop these huge loans being amassed by Buhari,, the country’s future will be in jeopardy and our children’s children will certainly turn slaves to our creditors. Unfortunately this is the kind of future that Buhari is preparing for Nigerians - both living and yet unborn,” Frank stated.
He thanked the Chinese Government for recently signing a $328million ICT pact with Buhari but regretted that the loans they have released to the country in the last three years are not being utilized for the purposes they were meant.
“Nigerians only hear of loans that the present administration has incurred in the last three years, but there is nothing on ground to show that such amounts have come into the Federal coffers for development,” he stated.
Frank wondered how the nation’s external debt profile skyrocketed from $10billion in 2015, to $22.08bn as of June 30 this year - representing a whooping 114.05 per cent, according to statistics from the Debt Management Office (DMO).
He lamented that the nation’s local debt also currently stands at N12.15trillion.
He said: “Nigerians have not seen the proposed dividends accruable from these loans, otherwise, Nigeria would not have emerged the poverty capital of the world with over 87 million people living in extreme poverty - according to a report by the Brookings Institution on the World Poverty Clock recently.”
He urged the National Assembly to stop approving foreign loan requests by Buhari while calling on the Chinese and other world governments and international financial Institutions to desist from granting loans to the Buhari’s administration.
“The world ought to know that Buhari is on his way out as the 2019 election approaches. Therefore any loan agreement between Buhari and any entity at this point would be repaid by him in person and not the succeeding government,” he stated.
He called on the National Assembly to probe where and how the over $11billion external loans granted to Buhari’s administration in the last three years have been or are being utilized.
“This is not the way Buhari met Nigeria and he must not be allowed to worsen the economic condition of the country further, having failed to improve it. The National Assembly owes the country a duty to stop approving incessant foreign loan requests by Buhari.
“The world also owes Nigeria a duty to stop granting these loans because they are not being utilized for the welfare of the people,” he stated.
Signed
Comrade Timi Frank
Former Deputy National Publicity Secretary of the APC
timifrank40@gmail.com
07033555555 |
| Re: Press Statement; Rising Debt: Buhari Stop Mortgaging The Future Of Nigerians... by seyihenry: 8:46pm On Sep 04, 2018 |
SteveAde123:
Press Statement
4/9/2018
Rising Debt: Buhari Stop Mortgaging the Future of Nigerians, Says Timi Frank
...Urges China to be Wary of Granting Loans
Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has described the astronomical rise in the nation’s Foriegn debt portfolio under the present administration as worrisome with a call on President Muhammadu Buhari to stop mortgaging the future of Nigerians.
Frank who made the declaration in a statement in Abuja also pleaded with the Chinese and other foreign governments to be wary of granting loans to the present administration.
He stated that despite over 100 per cent rise in the nation’s external debt under the Buhari administration, there is little or nothing on ground - in terms of concrete economic, social and infrastructural development to justify the huge debt already incurred by Buhari.
The former APC chieftain said that the goal of Buhari is to return the country to pre-1999 debt level which ex-President Olusegun Obasanjo fought hard to cancel.
“If something is not done urgently to stop these huge loans being amassed by Buhari,, the country’s future will be in jeopardy and our children’s children will certainly turn slaves to our creditors. Unfortunately this is the kind of future that Buhari is preparing for Nigerians - both living and yet unborn,” Frank stated.
He thanked the Chinese Government for recently signing a $328million ICT pact with Buhari but regretted that the loans they have released to the country in the last three years are not being utilized for the purposes they were meant.
“Nigerians only hear of loans that the present administration has incurred in the last three years, but there is nothing on ground to show that such amounts have come into the Federal coffers for development,” he stated.
Frank wondered how the nation’s external debt profile skyrocketed from $10billion in 2015, to $22.08bn as of June 30 this year - representing a whooping 114.05 per cent, according to statistics from the Debt Management Office (DMO).
He lamented that the nation’s local debt also currently stands at N12.15trillion.
He said: “Nigerians have not seen the proposed dividends accruable from these loans, otherwise, Nigeria would not have emerged the poverty capital of the world with over 87 million people living in extreme poverty - according to a report by the Brookings Institution on the World Poverty Clock recently.”
He urged the National Assembly to stop approving foreign loan requests by Buhari while calling on the Chinese and other world governments and international financial Institutions to desist from granting loans to the Buhari’s administration.
“The world ought to know that Buhari is on his way out as the 2019 election approaches. Therefore any loan agreement between Buhari and any entity at this point would be repaid by him in person and not the succeeding government,” he stated.
He called on the National Assembly to probe where and how the over $11billion external loans granted to Buhari’s administration in the last three years have been or are being utilized.
“This is not the way Buhari met Nigeria and he must not be allowed to worsen the economic condition of the country further, having failed to improve it. The National Assembly owes the country a duty to stop approving incessant foreign loan requests by Buhari.
“The world also owes Nigeria a duty to stop granting these loans because they are not being utilized for the welfare of the people,” he stated.
Signed
Comrade Timi Frank
Former Deputy National Publicity Secretary of the APC
timifrank40@gmail.com
07033555555
Where is this Buhari led-administration leading us to, all we hear is Buhari borrow money here and thier yet we dont know what they use it for, Come to think of it where are all the money they calm they realize within 3 years in power? i pray APC will not sell our country one day
|
| Re: Press Statement; Rising Debt: Buhari Stop Mortgaging The Future Of Nigerians... by seyihenry: 8:47pm On Sep 04, 2018 |
Where is this Buhari led-administration leading us to, all we hear is Buhari borrow money here and thier yet we dont know what they use it for, Come to think of it where are all the money they calm they realize within 3 years in power? i pray APC will not sell our country one da SteveAde123:
Press Statement
4/9/2018
Rising Debt: Buhari Stop Mortgaging the Future of Nigerians, Says Timi Frank
...Urges China to be Wary of Granting Loans
Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has described the astronomical rise in the nation’s Foriegn debt portfolio under the present administration as worrisome with a call on President Muhammadu Buhari to stop mortgaging the future of Nigerians.
Frank who made the declaration in a statement in Abuja also pleaded with the Chinese and other foreign governments to be wary of granting loans to the present administration.
He stated that despite over 100 per cent rise in the nation’s external debt under the Buhari administration, there is little or nothing on ground - in terms of concrete economic, social and infrastructural development to justify the huge debt already incurred by Buhari.
The former APC chieftain said that the goal of Buhari is to return the country to pre-1999 debt level which ex-President Olusegun Obasanjo fought hard to cancel.
“If something is not done urgently to stop these huge loans being amassed by Buhari,, the country’s future will be in jeopardy and our children’s children will certainly turn slaves to our creditors. Unfortunately this is the kind of future that Buhari is preparing for Nigerians - both living and yet unborn,” Frank stated.
He thanked the Chinese Government for recently signing a $328million ICT pact with Buhari but regretted that the loans they have released to the country in the last three years are not being utilized for the purposes they were meant.
“Nigerians only hear of loans that the present administration has incurred in the last three years, but there is nothing on ground to show that such amounts have come into the Federal coffers for development,” he stated.
Frank wondered how the nation’s external debt profile skyrocketed from $10billion in 2015, to $22.08bn as of June 30 this year - representing a whooping 114.05 per cent, according to statistics from the Debt Management Office (DMO).
He lamented that the nation’s local debt also currently stands at N12.15trillion.
He said: “Nigerians have not seen the proposed dividends accruable from these loans, otherwise, Nigeria would not have emerged the poverty capital of the world with over 87 million people living in extreme poverty - according to a report by the Brookings Institution on the World Poverty Clock recently.”
He urged the National Assembly to stop approving foreign loan requests by Buhari while calling on the Chinese and other world governments and international financial Institutions to desist from granting loans to the Buhari’s administration.
“The world ought to know that Buhari is on his way out as the 2019 election approaches. Therefore any loan agreement between Buhari and any entity at this point would be repaid by him in person and not the succeeding government,” he stated.
He called on the National Assembly to probe where and how the over $11billion external loans granted to Buhari’s administration in the last three years have been or are being utilized.
“This is not the way Buhari met Nigeria and he must not be allowed to worsen the economic condition of the country further, having failed to improve it. The National Assembly owes the country a duty to stop approving incessant foreign loan requests by Buhari.
“The world also owes Nigeria a duty to stop granting these loans because they are not being utilized for the welfare of the people,” he stated.
Signed
Comrade Timi Frank
Former Deputy National Publicity Secretary of the APC
timifrank40@gmail.com
07033555555 |
| Re: Press Statement; Rising Debt: Buhari Stop Mortgaging The Future Of Nigerians... by MrJbeey(m): 8:54pm On Sep 04, 2018 |
PMB is doing all he can to push forward the election date, he dont want card readers and removal of incident forms. Because it will not allow him to easily rig by double voting. |
| Re: Press Statement; Rising Debt: Buhari Stop Mortgaging The Future Of Nigerians... by Racoon(m): 8:54pm On Sep 04, 2018 |
"...He stated that despite over 100 per cent rise in the nation’s external debt under the Buhari administration, there is little or nothing on ground - in terms of concrete economic, social and infrastructural development to justify the huge debt already incurred.."
Buhari and retrogressive government! SMH!  |
| Re: Press Statement; Rising Debt: Buhari Stop Mortgaging The Future Of Nigerians... by SadMemories(m): 9:34pm On Sep 04, 2018 |
Chinese are racists and this an opportunity for them to oppress us because of buhari |
| Re: Press Statement; Rising Debt: Buhari Stop Mortgaging The Future Of Nigerians... by comfortmusa: 9:44pm On Sep 04, 2018 |
The mismanagement of the economy of this country is worrisome,if he continue leading us we will go back to slave trading and God-forbid we sell our father, children,mother,uncle,aunt,cousin, niece and nephew to slavery. Political climate is toxic,No security in the country,corruption he claim to be fighting against is worse,the cost of living is worse. PDP not only cleared our debts of some $30 billion and borrowed a total of N6 trillion in 16 years in power but in just three years, this administration has returned to debtor status and borrowed N11 trillion. We are yet to see what all these new debts has been spent on. What exactly has this administration change? SteveAde123:
Press Statement
4/9/2018
Rising Debt: Buhari Stop Mortgaging the Future of Nigerians, Says Timi Frank
...Urges China to be Wary of Granting Loans
Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has described the astronomical rise in the nation’s Foriegn debt portfolio under the present administration as worrisome with a call on President Muhammadu Buhari to stop mortgaging the future of Nigerians.
Frank who made the declaration in a statement in Abuja also pleaded with the Chinese and other foreign governments to be wary of granting loans to the present administration.
He stated that despite over 100 per cent rise in the nation’s external debt under the Buhari administration, there is little or nothing on ground - in terms of concrete economic, social and infrastructural development to justify the huge debt already incurred by Buhari.
The former APC chieftain said that the goal of Buhari is to return the country to pre-1999 debt level which ex-President Olusegun Obasanjo fought hard to cancel.
“If something is not done urgently to stop these huge loans being amassed by Buhari,, the country’s future will be in jeopardy and our children’s children will certainly turn slaves to our creditors. Unfortunately this is the kind of future that Buhari is preparing for Nigerians - both living and yet unborn,” Frank stated.
He thanked the Chinese Government for recently signing a $328million ICT pact with Buhari but regretted that the loans they have released to the country in the last three years are not being utilized for the purposes they were meant.
“Nigerians only hear of loans that the present administration has incurred in the last three years, but there is nothing on ground to show that such amounts have come into the Federal coffers for development,” he stated.
Frank wondered how the nation’s external debt profile skyrocketed from $10billion in 2015, to $22.08bn as of June 30 this year - representing a whooping 114.05 per cent, according to statistics from the Debt Management Office (DMO).
He lamented that the nation’s local debt also currently stands at N12.15trillion.
He said: “Nigerians have not seen the proposed dividends accruable from these loans, otherwise, Nigeria would not have emerged the poverty capital of the world with over 87 million people living in extreme poverty - according to a report by the Brookings Institution on the World Poverty Clock recently.”
He urged the National Assembly to stop approving foreign loan requests by Buhari while calling on the Chinese and other world governments and international financial Institutions to desist from granting loans to the Buhari’s administration.
“The world ought to know that Buhari is on his way out as the 2019 election approaches. Therefore any loan agreement between Buhari and any entity at this point would be repaid by him in person and not the succeeding government,” he stated.
He called on the National Assembly to probe where and how the over $11billion external loans granted to Buhari’s administration in the last three years have been or are being utilized.
“This is not the way Buhari met Nigeria and he must not be allowed to worsen the economic condition of the country further, having failed to improve it. The National Assembly owes the country a duty to stop approving incessant foreign loan requests by Buhari.
“The world also owes Nigeria a duty to stop granting these loans because they are not being utilized for the welfare of the people,” he stated.
Signed
Comrade Timi Frank
Former Deputy National Publicity Secretary of the APC
timifrank40@gmail.com
07033555555 |
