(1) Wrote to the chinese government not to lend nigeria money. Preview of the letter
I am one of stakeholders in the project Nigeria, and a governor of one of
the federating units making up Nigeria, to draw your
attention to report that the Federal Government of Nigeria is
on the verge of obtaining a $2 billion loan from the Export-
Import Bank of China.
“This $2 billion loan is part of the N1.84 trillion the Federal
Government of Nigeria has proposed to borrow to finance
the 2016 budget, which is yet to be signed by the President,
Muhammadu Buhari owing to unending controversies
between the Executive and Legislative arms of government.
“According to reports, Nigeria desires to raise about $5
billion abroad to cover part of its 2016 budget deficit. This is
projected to hit N3 trillion ($15 billion) due to heavy
infrastructure spending at a time when the slump in global
oil prices has slashed the country’s export revenues
“While conceding that all nations, especially developing ones
need support to be able to grow because no nation is an
island, I am constrained to inform you that if the future of
Nigeria must be protected, the country does not need any
loan at this time.
“The government of China should be mindful of the fact that
Nigerians, irrespective of their political and religious
affiliations are totally opposed to increment of the country’s
debt burden, which is already being serviced with 25 per
cent of the Federal Government annual budget.
“It will interest the government of China to know that some
of the projects for which the loan is being sought are not
captured in the controversial 2016 budget, which has been
sent to the President by the National Assembly for his
assent. For instance, the Lagos – Calabar Rail project was
not included in the budget proposal the President presented
to the National Assembly and it was not included in the
Appropriation Bill passed by the National Assembly.
“Most importantly, Nigeria is presently servicing debt with
about 25 per cent of its annual budget and what will happen
to the economy in 2017, when the country will begin to
service the additional debt to be incurred this year is better
imagined than experienced.
“The Chinese government must also be aware that some
western nations approached by the Federal Government for
loan diplomatically and cleverly declined.
“Therefore, like the foreign aid that is reportedly being
mismanaged, whatever loan that is granted to the Federal
Government of Nigeria by the Chinese Government may be
mismanaged too.
(2) He allegedly gave a speech at the Multinationals
Sourcing Service Centre, PAzhou Trade Complex,
Guangzhou, China, canvassing for the support and
empowerment of Nigeria,he even claimed the chinese trip yeilded $6bn investment. According to reports the site is a popular tourist attraction where people can stand on the podium and take picture ..#selfie governor
(3) Admitting to buying property worth 1.35bn six month after he became a governor but he claim its money for political campaign and friends
(4) Gov ayo fayose has constantly insulted the president during the election period and after he was elected.some of his comments were "buhari is too old","buhari is clueless","buhari is an illiterate,"buhari is patron of the fulani herdsmen","buhari this buhari that" 😰
(5) He made a very ludicrous statement when the NLC ekiti state chapter threaten to go on strike over unpaid salary,fayose said he'll gladly join them since there is no money
we have couple of political celebrities sen ben murray bruce,sen dinu malaye, Hon patrick(egemegodo), raji fashola , and the uncouth ayo fayose, but if USA can have donald trump ,we just gotta have fayose
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