A political activist and former Deputy National Publicity Secretary of
the All Progressives Congress (APC) Comrade Timi Frank, has cautioned
the International Monetary Fund (IMF) and other international
organisations to be warried of plan to grant another loan to the current
General Muhammadu Buhari-led administration in the name of Covid-19.
The Nigerian government is asking for $3.4billion loan to fight
COVID-19.
But Timi Frank said IMF must ask the current regime how previous loans
taken from China and several other sources were used.
The former APC spokesman said if the loan is approved, it would be the
largest in the continent, however, warned that the international
organisations should not mortgage the future of unborn Nigerians.
The political activist in a statement made available to newsmen on
Monday said all the previous loans taken in the last five years of
General Buhari administration, “Nigeria is still refer to as the poverty
capital of the world.”
Frank said: “The APC government has negatively given another name to
governance in Nigeria and it is now government of loan. The IMF must
demand to see the roads, the healthcare facilities and all manners of
infrastructures previous loans were used for.”
The Bayelsa-born activist said if such huge amount of money is given to
the current regime it will be mismanaged.
“I hereby advise the IMF and other organisations to be cautious not to
facilitate corruption in Nigeria. The proposed $3.4billion loan given to
Nigeria to fight COVID-19 is questionable. General Buhari’s government
has collected several loans from China & World Bank, but it doesn’t
reflect amongst Nigerians.
“The purpose of the loans over the years are not been carried out.
Buhari is corrupt, they will end Up sharing the money among themself and
give the Nigerians contrived stories. The loan will not be used to
tackle COVID-19. They will build no hospitals, or buy any medical
equipment,” Frank warned.
The activist said virus such as corruption, hunger, poverty, nepotism,
and wickedness kill Nigerians daily more than COVID-19.
Frank called on wealthy Nigerians to donate directly to the citizens
instead of donating to the federal government.
“I hereby appeal to the private sectors and businessmen to quit donating
relief funds to the Nigerian government, instead they should donate
directly to Nigerians through their BVN; so this money can get to
Nigerians directly, instead of giving the money to this corrupt
government.”