Finance ministry should be renamed as foreign loans, debt accumulation ministry – HURIWA tells Buhari - Daily Post Nigeria

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The Human Rights Writers Association of Nigeria, HURIWA, has called on President Muhammadu Buhari to change the name of the Ministry of Finance, Budget

HURIWA made the call while lamenting the continuous loan applications by the ministry.

“We honestly think that the President should table before his weak Federal Executive Council the proposal for a change of name of the Federal Ministry of Finance, Budget and National planning to the Federal Ministry for Foreign Loans and Debts accumulation. HURIWA also dismissed as puerile and distasteful, the opinion credited to the Senate President, Ahmed Lawan for saying that Nigeria will continue to apply for foreign loans because the nation is poor.

HURIWA said: “If Nigeria was such a poor country, creditors like IMF, World Bank, China, Paris Club and London Club won’t be falling on each other to extend loans and credit facilities to a poor nation which is why China for instance has a proviso for sovereign guarantee before awarding those frivolous loans because China is aware of the resource rich nature of Nigeria.”

 

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