$30bn loan: Pres. Buhari needs to borrow to pay contractors, carry out projects- Odigie-Oyegun

APC National chairman, John Odigie-Oyegun, has lent his support to plans by the Federal government to borrow $30 billion from foreign financial institutions. Recall that the proposed plan has been opposed by members of the Senate and some Notable Nigerians including the Emir of Kano and former Central Bank Governor, Muhammad Sanusi II.

However speaking with newsmen at a function in Lagos yesterday, Odigie-Oyegun said the ailing economy can only be revamped by infusing money into it and such money can either be gotten through borrow. According to the APC chief, President Buhari needs to borrow money to pay contractors who have not been paid for as much as 4-10 years, revive the economy.

“If you read the newspapers, you hear the President being advised to pump money into the economy. So the question is where is the money coming from? Simple! It has to come from somewhere including borrowing, both internal and external. To get this country going again, you have to pay contractors. Some contractors have not been paid for 4, 5, 6, 10 years. So long as the borrowing is done not to pay salaries which the President Buhari administration will not do, but invested to create opportunities, solve our problems of power and things like that. To allow people to have money to consume, to buy goods, to pay for services so that factories can produce. So it is that cycle. We must kick-start the economy and to kick-start it will need money, lots of money”he said He also spoke on the anti-corruption campaign of President Buhari “That is a task that must be accomplished because it is at the bottom of all the ills of this country. When you are corrupt, you are immoral, when you are corrupt, you don’t have ethics, when you are corrupt, you lose the distinction between right and wrong. When you are corrupt, even life does not mean anything to you. So, we must get it under serious control for this nation to have hope of making any progress.” he said.

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Nigerian Army Intercepts 37 Wives And Children Of Boko Haram Terrorists

The Nigerian army said on Wednesday, that it had intercepted 37 people 37 people , who were suspected to be wives and children of the boko haram terrorists. The army spokesman, Brig.-Gen. Sani Usman, said in a statement that 30 of the escapees, which comprises of eight women and 22 children, were intercepted on Tuesday at Gujba Local Government Area of Yobe. He said; “On preliminary interrogation, the suspects claimed to have escaped from Boko Haram terrorists’ custody at Kafa and Abagajiri villages in Damboa Local Government Area of Borno,’’ The army spokesman added that seven other people were intercepted on Tuesday, at Kamunya, Yobe state. “They claimed that they escaped from Boko Haram terrorists’ hideout at Goropcha village, Damboa Local Government Area of Borno. “Both sets of escapees are currently being screened and profiled,’’ he said.

Photos: What Juliet Ibrahim wore to the #AMVCA2017 nominees announcement

Juliet Ibrahim donned this beyond-alluring asymmetric dress by @afifimmacouture to the 5th Annual AMVCA 2017 Nominees announcement. The outfit which accentuated her famous curves was perfectly matched with her braids in an elegant bun style and her face beat to perfection by @shogemakeovers . More photos after the cut... Credit Makeup @shogemakeovers Dress: @afifimmacouture

Nigerian scholars sponsored by Lagos State Gov. arrive Finland for visit. Photo

A group of Nigerian youngsters sponsored by Lagos State Government and their coordinator, Professor Kolawole Raheem, were Thursday, received by head of unit; Ministry for Foreign Affairs, Mr. Hannu Heinonen, at Finland. The participants, whose trip was funded by Lagos State Ministry of Education, were chosen based on their outstanding performance in school. The visit, however aims at enabling the youngsters have an experience of how the Finnish society works and to offer them the possibility of bringing positive examples back to Nigeria. The participants were especially interested in matters related to environment and construction, as well as the Finnish social security and education systems. These visits that have already become somewhat of a tradition are envisaged to continue in the coming years.

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