External Loan: Buhari Will Plunge Nigeria Into Depression – Fayose

Ayodele Fayose, governor of Ekiti State, South-West Nigeria, is reported to have said granting President Muhammadu Buhari’s $29.9bn foreign borrowing request would plunge the country into depression. The report also says Fayose believes  Senate President Bukola Saraki’s disposition favours the granting of the president’s wish, advising it is wrong.

“I have seen the body language of Senator Saraki that he is planning to hit the gavel in support of external borrowing. I want to warn that the National Assembly must not kill Nigerians perpetually.

“We are 80 per cent close to depression. We must pray that Nigeria should not go into depression finally next year”, Fayose, allegedly stated.

The governor, as a guest lecturer, at the 2016 Press Week of the Ekiti Council of the Nigerian Union of Journalists, in Ado-Ekiti, the capital of Ekiti, spoke on the theme: “Journalism: Antidote to Economic Recession”. Fayose urged journalists to be courageous and fearless in the execution of their duties. He dismissed claims that his recent defence of the ruling All Progressives Congress, APC,  stalwart Bola Tinubu, suggests he might join the party.

“How can I (Fayose) join a party that is making Nigerians hungry and angry? God forbid. an see a clear picture of the country’s economic situation.”

Fayose is an ardent critic of President Buhari and has never been known to have agreed with the latter on any government policy. He was also widely reported to have some time ago written to, and urged the government of the Chinese Peoples Republic to reject a bilateral assistance sought by President Buhari. The governor faces possible prosecution of theft of public funds the Economic and Financial crimes Commission, EFCC, claimed was diverted for his political campaign before becoming governor of the largely civil service state.

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