Okonjo Iweala again!

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Madam borrow don start!





The Minister of Finance, Dr Ngozi Okonjo-Iweala, on Thursday in Abuja asked the National Assembly to quickly approve the Federal Government’s external borrowing plan of $7.9b about N1.8 trillion. Okonjo-Iweala made the request during an oversight visit to her office, by members of the House Committee on Finance.

President Goodluck Jonathan had written the Senate and House of Representatives in February seeking approval for the loans to fund key projects in various sectors of the economy. Nigeria is seeking the loan facility from the World Bank, Africa Development Bank, Islamic Development Bank, Exim Bank of China and India lines of credit.

In her own words:

``We have an external borrowing plan that we haveput to the National Assembly,as we are required to do and I am really counting on your help to get out the borrowing plan as quickly aspossible.'' The minister said that the loan was required to complete some ongoing projects captured in the 2012 budget. According to her, government will spend the loan on several projects in agriculture, water resources and power.


This woman is a cabal! Whats your view?

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