When OIC offered Nigeria non-interest loan for augmenting its deficit budget, Nigeria hate theologians condemned the worthy proposal and discouraged the Federal Government through media outburst and blackmails. Thereafter, Nigeria opted for IMF loan with its killing and inhuman compounded interest. The option of IMF loan worsened the nation’s Public Debt, increased the debt burden and created serious financial crisis.

President Olusegun Obasanjo captured the predicament of Nigeria under the peonage of IMF loan and its merciless interest rate thus:
"All that we had borrowed up to 1985 was around $5 billion, and we have paid about $16 billion; yet we are still being told that we owe about $28 billion. That $28 billion came about because of the injustice in the foreign creditors' interest rates. If you ask me what the worst thing in the world is, I will say it is interest"!

^^^^That's not a reason to accept Islamic ideology into the government!

To hell with IOC!