Don’t Accede to Buhari’s $2b Loan Request, Fayose Tells Chinese President


Olakiitan Victor in Ado Ekiti

Following President Muhammadu Buhari’s request of a $2 billion loan from Chinese Government, the Ekiti State Governor, Ayodele Fayose, has written to the Chinese Government, seeking the stoppage of the loan to prevent the country from total collapse.

President Buhari’s visit to China this week was to discuss the development of the country’s infrastructure, including a $2 billion loan for railway projects.

The governor said in his letter to President Xi Jinping of China that : “The government of China should be mindful of the fact that Nigerians, irrespective of their political and religious affiliations are totally opposed to increment of the country’s debt burden, which is already being serviced with 25 per cent of the Federal Government annual budget.”

In the letter dated April 12, 2016, with reference number: EK/GOV/28/10, addressed to President Jinping and delivered by Fayose’s Chief of Staff, Dipo Anisulowo, in Abuja on Thursday, through the Chinese Ambassador to Nigeria, Gu Xiaojie, the Governor said some of the projects for which the loan was being sought were not captured inthe controversial 2016 budget.