I warned FG against Chinese loan – Ayodele Fayose

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I Warned Against China Loans —Ayodele Fayose

The former Governor of Ekiti State, Peter Ayodele Fayose has lent his voice in joining some Nigerians who berate the agreement signed by the Federal Government and China which borders on some parts of Nigerian sovereignty ceded to the Chinese government.

Fayose said, “Nigerians should remember that in April 2016, I warned against these Chinese loans. I even wrote a letter to the Chinese Government but those still clapping for this government then criticized me.”

“The loan agreement, which was signed in 2018 according to Oduduwa News was between Nigeria and Export-Import Bank of China. The clause in the loan allegedly “wills the sovereignty of Nigeria” in the $400 million loan for the Nigeria National Information and Communication Technology (ICT) Infrastructure Backbone Phase II Project.

Last week, National Assembly decried the agreement entered into by the FG and Chinese Government on the purported loan and called for proper scrutiny before anything could be done further. In the meantime, Socio-Economic Rights And Accountability Project SERAP has dragged the Federal Government to Court to come and explain what has been done with the loans received in the past.

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