Debt 1

Plea for Debt Forgiveness Questionable and Laughable-Ex-Officio TUC

Debt 2The plea for debt forgiveness by the leadership in Nigeria at the recently concluded 76TH United Nations General Assembly has been described has questionable and laughable.

These views were expressed by an Ex-Officio of the Oyo state council of the Trade Union Congress(TUC) who is also a former Chairman of the union in the state,Comrade Andrew Emelieze.

‘’How can a country that is yet to settle debts of over 33 Trillion Naira and which is still planning to borrow ask for debt forgiveness ? How has the unsettled loans been spent ? How shall the loans that shall be borrowed be spent ? The present administration has less than two years to stay in office. The request by Nigeria is questionable and laughable.This is tantamount to taking the international creditors for granted’’, Comrade Emelize concluded.

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Nigeria Government Debt World Bank

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