Kingsley Moghalu, a former Deputy Governor of the Central Bank of Nigeria, has strongly opposed the Federal Government’s plan to borrow $1.5 billion from the World Bank.
The loan is intended to strengthen systems for improved delivery of basic education and primary health services in participating states.
Moghalu, sharing his thoughts on his official platform, criticised the move and highlighted the contrast between the loan intended for essential services and the reported plan to purchase expensive SUVs for members of the House of Representatives.
He emphasised the urgent need for Nigeria to address its governance and financial management challenges, urging a more serious and responsible approach to national affairs.
“There is a real problem when Nigeria is set to borrow another $1.5 billion from @WorldBank for budget support, and SUVs worth N160 million each are reportedly to be bought for 360 members of the House of Representatives. We are not yet serious as a country,” He wrote.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
How Sunday Igboho got his freedom — Prof Akintoye
The leader of Ilana Omo Oodua, a self determination movement for Yoruba nation, Professor Banji Akintoye, on Saturday, declared that…
FULL LIST: 43 items that are no longer contraband for importation
The Central Bank of Nigeria (CBN) has removed restrictions on the importation of all 43 items that…
How N16 almost made me to drop out of school —Prof Ogundana
Celina Folakemi Ogundana, an academic and professor of Sociology, is the…
I don’t have billionaire boyfriend, I lied —Mercy Eke
Former Big Brother Naija winner, Mercy Eke, has set the record straight by admitting that she…
Kenyan authorities arrest fake lawyer who won 26 cases in court
Kenyan authorities have arrested a fake lawyer, Brian Mwenda, who has won 26 cases while parading…
2023 AFCON: Super Eagles will be difficult opponent for Cote d’Ivoire — Drogba
Cote d’Ivoire legend Didier Drogba has predicted a difficult duel against the Super Eagles of…
