The Oodua Peoples Congress (OPC) has condemned the Federal government’s loan arrangements with China. Speaking on the controversi...
The Oodua Peoples Congress (OPC) has condemned the Federal
government’s loan arrangements with China.
Speaking on the controversial agreement which allegedly
waives Nigeria’s sovereignty, the group in a statement by its Publicity
Secretary, Barrister Yinka Oguntimehin, said it has a strong feeling that the
north suspects that the country would not last beyond 2023 and are using bad
loans to mortgage the future of the entire country.
“I have no doubt that the prolonged brouhaha generated by
the current loan arrangements with the Chinese government is never in the
interest of the entire country. How can you explain the rationale behind the FG
loan arrangements? He said.
“It is obvious that the FG is up to something sinister
because all available indices have it that the Nigeria economy is gradually
moving downwards.
“Today our naira is N470 to a dollar. What that means is
that our naira is falling daily to the American dollar.”
“The Nigerian Port Authority (NPA) was established in
1913,even before the Nigerian independence in 1960. It is sad that one of our
national heritage and institutions in the south was being mortgaged and
considered as one of the assets and monuments for the payment plan with the
China government.
“The controversial sovereign guarantee and sovereign
immunity clause in the loan arrangement with China has raised many questions
about the sincerity of federal government, and as a group we cannot keep quiet
as if we nothing is wrong. Nobody truly understands the drift of this
government.
“We have a strong feeling that the North is suspecting that
Nigeria will not last beyond 2023, that is why they are mortgaging the future
of the entire nation with bad loans, and sadly they are using Amaechi and his
allies from the south to perpetrate their sinister plans” Oguntimehin said.
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