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‘We’ll soon borrow from Benin Republic’ — Twitter reactions to FG’s $1.2bn loan from Brazil 

The decision of the federal government to seek $1.2 billion loan from Brazil has not gone down well with many Nigerians.

When she appeared before the house of representatives committee on finance on Tuesday, Zainab Ahmed, minister of finance, budget and national planning, said the money is meant to fund agricultural programmes.

Ahmed urged the national assembly to approve the $1.2 billion loan from the Brazilian government for the “Green Imperative Programme”.

This sparked outrage on Twitter as many Nigerians wondered why the government would seek loan from Brazil, which is also an emerging economy.

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Below are some reactions:

https://twitter.com/o_kanyy/status/1323905087094300673?s=19

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https://twitter.com/PrinceChi10/status/1323902658416095232?s=19

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1 comments
  1. We are still not Emancipated! We still carry our Slavery Mentality! GB just declared they will be injecting 150 billion pounds into the economy Where have they got that money from? They borrow it from the Bank of England! Where does the BoE get all the money from? They print it because it is machine that makes money!
    They want to borrow $1.3bnn from Brazil, the country that was almost bankrupt the other time! Where will brazil get $1.3bn from? This people are looting the country and pilling the debts on generations that are not even born yet! Will ALL THE DOLLARS BE ON THE STREETS OF NIGERIA?
    Of course not! We use Naira! She said the money is meant to fund agricultural programmes. CAN THE NAIRA NOT DO THAT? Why can Nigeria not borrow this money from the Central Bank and pay back the money with interest to the Central Bank? This is how the Caucasians do it! But due to our Colonial Mentality, when we need money, we run to Foreigners (superior). Are they Superior? of course not! The reason is because we will not know how much is collected and how much is actually spent with the money and the beneficiaries.
    We have everything NEEDED in the country to carry out this so called programmes. This is why WE NEED RESTRUCTURING RIGHT NOW! The money will go to the Federal Government in Abuja. Where is Abuja? In the north! And who is in charge of FG? The Northerners, who have control of the Houses! They need the money to pay their their law makers those EXORBITANT salaries in their state Assemblies!

    This MUST NOT BE ALLOWED TO HAPPEN. GET THE NAIRA FROM THE CENTRAL BANK. THIS IS HOW THEY CARRY OUT THEIR CORRUPT PRACTICES. GET THE MONEY FROM OUR CENTRAL BANK AND PAY INTEREST TO THE CB!
    You can Fool most of The Peoples All of The Time, But You Cannot Fool ALL The The Peoples ALL The Time! Some of us know what is happening!

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