Foreign loan: FG under fire for excluding southeast from beneficiaries

Foreign loan: FG under fire for excluding southeast from beneficiaries

- Southeast has questioned its exclusion from regions benefitting from the $22.7billion foreign loan recently approved by the Senate

- The region described the exclusion as another marginalisation ploy against the Ndigbos by the federal government

- Southeast also criticised lawmakers from the region for not protesting the marginalisation when the loan was approved

The southeast of the country has expressed thorough displeasure over its exclusion from the regions billed to benefit from the recently approved $22.7 billion foreign loan by the Senate.

Legit.ng reported that during the plenary on Thursday, March 5, the upper chamber approved the foreign loan request by President Muhammadu Buhari administration.

The process, however, plunged Senate into an uproar as senators from the opposition party led by minority leader Enyinnaya Abaribe had a contrary reservation on the approval.

Twenty projects across selected states were marked out for the loan which include NTA digitalisation, Ministry of Niger Delta Affairs, East-West Road Project, Greater Abuja Water Project, and Lagos-Kano Railway Modernization Project.

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Other projects marked out include Emergency Road Rehabilitation and maintenance, Development Finance Project, Lake Chad Basin Commission, (Nigeria, Chad, Niger, Cameroon Libya and Central African Republic), Ministry of Health: Regional Disease Surveillance System Enhancement (REDISSE) Project in West Africa and others.

Reacting to its exclusion from the list of beneficiaries from the foreign loan, southeast termed the development as another marginalisation ploy by the government against the Ndigbos, Daily Sun reports.

Foreign loan: FG under fire for excluding southeast from beneficiaries

Foreign loan: FG under fire for excluding southeast from beneficiaries.
Source: UGC

They also berated 15 senators from the region for not protesting the move when their region was sidelined.

"It shows the inbuilt injustices inherent in Nigeria’s monolithic federation," Chief Abia Onyike said

"It is a pointer to the fact that Ndigbo have been rejected and consigned to irrelevance in Nigerian affairs. It is extremely irritating and provocative."

In another comment, Eze Igwe questioned the process behind the move and branded National Assembly for pursuing selfish-interest

“This is a loan that will be repaid by the entire country, including the Igbo. The question of Igbo marginalisation in Nigeria is no longer in doubt. And it is high time we decided as a people if we want to remain part of this union.

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Meanwhile, Legit.ng had reported that Peoples Democratic Party (PDP) scolded the All Progressive Congress (APC) senators following Senate's approval of President Muhammadu Buhari's $22bn foreign loan request.

The main opposition made its grievance known barely twenty-four hours after the upper chamber gave President Buhari the nod to continue with his loan request.

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Source: Legit Nigeria

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