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Popular tv host, Rufai Oseni, on Friday became affectional portion lamenting the authorities of Nigeria’s economy.
During the Arise TV Morning Show, Rufai wondered however Nigeria became a chronic borrower.
Speaking connected the programme, Oseni recalled a clip erstwhile Nigeria was financially beardown capable to lend wealth to planetary institutions, contrasting it with the existent world of the country’s economy.
He said, “I cried for Nigeria this morning. Let maine work thing to you and amusement wherefore I sometimes rise my dependable astir this country.
“On December 24, 1974, Nigeria signed a semipermanent borrowing statement with the World Bank. Under that agreement, Nigeria provided $240 cardinal successful nett resources to the World Bank Reserve.
“We were lending wealth to the World Bank to enactment improvement successful different countries. We besides lent $120 cardinal to the International Monetary Fund, IMF. What happened to this country?”
Oseni’s remark is coming amid ongoing concerns implicit continuous borrowing by the Federal Government arsenic Nigeria’s indebtedness illustration continues to rise.
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