N448/N450 (updated 20.3.17:noon)
buying/selling naira exchange rates per USD
Wednesday, 21 December 2016

Ekiti State governor Ayo Fayose has once again criticized Federal Government's move to acquire an external loan in the excess of 29 billion dollars.
Fayose, speaking at the Ekiti State Government House on Tuesday narrated:
"If we borrow this much to finance 2017 budget, it means we will continue to borrow even till 2019 and the rate at which this government is borrowing money, I hope they will not plunge Nigeria into eternal debt, enslavement and misery.

"This has been the fear of many who are against taking of $30bn loan. And they will continue to borrow without attempting to concretely tackle the dwindling rate of our currency.

"What the Federal Government is doing is wrong. The FG under President Buhari does not have what it takes to lead this country economically and beyond.

"They themselves confirmed that the 2016 budget performed at about 40 percent or below. So, that is to tell you that they lack the vision, and don’t know what they are doing and are only deceiving Nigerians."
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