December 3rd, 2016 – Sanusi To Buhari: Scrap Your Proposed $30 Billion Foreign Loan, It Will Destroy Nigeria
Sanusi Kicks Against Buhari’s Proposed $30 Billion Foreign Loan, Says It Has Grave Consequences
Ex-CBN Boss, Sanusi has advised President Buhari to let go of his plan to borrow $30 billion from foreign bank because of its grave consequences.
Sanusi said if the Senate eventually approves the proposed foreign loan, no bank would be willing to grant Buhari’s request due to the current economic recession.
He added that a nation with 5 exchange rates can’t scale through the difficulty involved in borrowing such huge loan.
He made this known in a paper entitled “A plan to restore confidence, direction and growth” while speaking at Savannah Centre for Diplomacy in Abuja recently.