Why Fayose writes Chinese govt not to give loan to Nigeria

Ekiti State Governor, Mr Ayodele Fayose has written to the Chinese government, seeking the stoppage of the $2 billion loan being sought by the federal government of Nigeria.

He wrote 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 Xi Jinping of China and delivered by Chief of Staff to the governor, Barrister Dipo Anisulowo in Abuja on Thursday, through the Chinese Ambassador to Nigeria, Gu Xiaojie, Fayose said some of the projects for which the loan was being sought were not captured in the controversial 2016 budget, which has been sent to the President by the National Assembly for his assent.

FG Stands on Sanitizing and Trial in NNPC Unchangeable, President Buhari Tells Chinese Xi Jinping

WE'VE BEGUN SANITIZING NNPC TO MAKE IT FREE OF CORRUPTION AND SHADY DEALS/TRIAL OF THOSE WHO MISAPPROPRIATED NNPC REVENUES WILL BEGIN SOON - BUHARI

President M. Buhari and Chinese Xi Jinping

President Muhammadu Buhari Sunday in New York restated his determination to fully sanitize Nigeria's oil industry and make it totally free of corruption and shady deals.


Speaking at a meeting with President Xi Jinping on the sidelines of the 70th General Assembly of the United Nations, President Buhari said that a necessary first step in this direction had already been taken with the appointment of a new management for the Nigerian National Petroleum Corporation (NNPC) and its subsequent reorganisation .

The President said that the prosecution of those who misappropriated the NNPC's revenue under past administrations will soon commence.