• NANS faults FG’s plan to borrow $750m from World Bank
  • The National Association of Nigerian Students has faulted plans by the Federal Government to borrow $750m from the World Bank. The association also expressed displeasure with the continued strike by the Academic Staff Union of Universities. This was contained in a statement jointly signed by the chairmen of NANS Zone D and its Public Relations Officer, Kazeem Israel. The Minister of Finance, Budget and National Planning, Zainab Ahmed, had announced on Friday that the Federal Government is in the process of accessing a $750m World Bank loan for states. She said the facility would boost the local economy in the various states, adding that the Federal Government was also considering the cause and consequences of civil unrest and COVID-19 across the country. But NANS said, “As an association, we frown on the plan of the Federal Government to take a loan of $750m from the World Bank. This is not unconnected from the fact that the basis for borrowing is always false because it is not the case that we don’t have enough wealth to finance our developmental objectives as a country.
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  • 18 Nov '20 - 05:13pm
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  • Comments (17)
  • moungoro on 19 Nov '20 - 08:54am
    Nigeria keep borrowing debt this country self
    1
  • henrysnow on 18 Nov '20 - 05:32pm
    thanks for d update
    0
  • emmialex9 on 18 Nov '20 - 07:06pm
    Thank you for the information
    0
  • damentobia on 18 Nov '20 - 09:56pm
    mmmmmmmmmmmmmmmmmmmmm
    0
  • 9icesamuel on 19 Nov '20 - 06:25am
    thanks for they update
    0
  • ola1 on 19 Nov '20 - 06:35am
    nice one keep it up
    0
  • ola1 on 19 Nov '20 - 06:37am
    upon all the money they collect during corona them will still borrow again
    0
  • tinoshaga312 on 19 Nov '20 - 08:06pm
    nice update keep it up okay
    0
  • tinoshaga312 on 19 Nov '20 - 08:07pm
    thanks so much for sharing with us okay
    0
  • karisma56 on 19 Nov '20 - 10:58pm
    thanks for sharing
    0
  • karisma56 on 19 Nov '20 - 10:58pm
    powerful information
    0
  • henrysnow on 20 Nov '20 - 11:24pm
    thanks for d update
    0
  • chanelle on 17 Dec '20 - 07:24am
    This government are on their own
    0
  • kenneth123 on 27 Jan '21 - 07:45am
    thanksfor the update
    0
  • kenneth123 on 27 Jan '21 - 07:45am
    thanks for the update
    0
  • kenneth123 on 27 Jan '21 - 07:45am
    thanks for the update
    0
  • gamsheya on 14 Feb '21 - 06:17pm
    That's a very good updates
    0
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