The Federal Government is in talks with the World Bank to complete the processes of obtaining over $1bn in loans to address the challenges facing Internally Displaced Persons and their host communities, as well as bolster rural access and agricultural marketing in the country.
Amid the current hardship, ravaging the poor masses of Nigeria, President Tinubu and his government’s interest is to collect a whooping amount of a billion dollars as a loan to tackle the challenges of the Internally Displaced Persons in the country.
Now, the pertinent question is this; Who are these IDPs? How many are there? Is this amount worth it? How sure are we that all the IDPs across the country will benefit from this? What are the plans of the government to strengthen the security of its citizens to mitigate more IDPs in the future? Then, what are the plans of FG to repay this loan in due time?
As it stands currently, Nigeria is in a deep mess economically and in the area of security. Many sectors are not functioning maximally and the country is already hugely indebted to a lot of foreign nations and international financial institutions. Accumulating more debts will end up affecting the future generation of our dear country who would be saddled with responsibility for shouldering this debt burden.
Conclusively, it is not a bad idea for a country to obtain a loan to solve her needs, but the point is that the loan collected should be used optimally to the benefit of her citizens and not be squandered by a few individuals to the detriment of the large poor masses. Tinubu and his government should consider this in their decision-making for the good of Nigeria.