In the letter dated April 12, 2016, with reference number EK/GOV/28/10, addressed to President Xi Jinping of China and delivered by Chief of Staff to the governor, Barrister Dipo Anisulowo in Abuja on Thursday, through the Chinese Ambassador to Nigeria, Gu Xiaojie, Fayose said some of the projects for which the loan was being sought were not captured in the controversial 2016 budget, which has been sent to the President by the National Assembly for his assent.
“I write as one of the major 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, Mohammadu 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.
“This must have been informed by the suspicion in the present government’s capacity to salvage the nation’s economy as well as the sincerity in the fight against corruption. More so that Nigeria’s Foreign Reserve, which is the only guarantee for foreign loan has declined to a very uncomfortable level.” Click to signup for FREE news updates, latest information and hottest gists everyday
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This man you are taking this your opposition issue too far.
ReplyDeleteThis governor is running mad gradually..
ReplyDeleteNo, Fayose's not running mad, he's simply uncouth and uneducated. Does he think Chinese government have time for his kind of childish attitude and undiplomatic behavior? There's a protocol for everything, his behavior spells terrorism.
DeletePolitical candidates should undergo psychiatrist examination.
ReplyDeleteSomeone please call 911
ReplyDeleteGov Fayose, remember you said Chibok girls were not missing last week. Now that the video footage were shown, what's your stand. Check the 2016 budget well because it might supprise you to find those project therein.
ReplyDeleteY can't we forget sentiments nd go with truth, please the young man is right.
ReplyDeleteThose who were clapping and cheering Fayose when he began his personalized opposition against PMB have now seen that, he has already reached the open ground of the market square. When people mistake the initial and early signs of madness and dismiss it jocularly with the whiff of the hand, then such people should not complain when the madman throws stones at them with similar jocularity. Fayose is now using his left finger to point and describe his father's house by going to China to campaign against his country.
ReplyDeleteDon't worry fayori your cup go soon full. It seems you are mentally deranged.
ReplyDeleteDon't worry fayori your cup go soon full. It seems you are mentally deranged.
ReplyDeleteEkiti people!! The used to be the fountain of knowledge. How did this happen. But you voted this man. How???
ReplyDeleteThis mad man call Governor fayose is a nonsense fool
ReplyDeleteOti ya were.
ReplyDeleteSo, this man is the best a whole of Ekiti can produce? 😃😃😃😃 I dey laugh oh!
ReplyDeleteOf what diference is fayose and buhari that goes abroad and talkdown their nation??
ReplyDeleteDid buhari not called tou criminals?? The man (Fayose) you refer to as madman is constructive with his critism.
This people will fix us in debt and walked out of office. Their politicians.
Ride on fayouse u are God sent tell dem wat d truth d hate 2 here.
ReplyDeleteThis is treason! Gov. Fayose is one of the Saboteurs Nigeria has. No one is warning him now. When he is arrested for treason and charged to court, some misguided people will say it is political.
ReplyDeletejust counter his points and not call him names.
ReplyDeleteFayose is working for USA. Fayose is traitor working against his country.
ReplyDeleteAre u ok ?
DeleteAre u joking???
DeleteSome stupid folks here supporting Fayose sheepishly and stupidly, what do you stand to gain. Since this man has being attacking your President what has you all gain or benefitted. You always clap for Fayose for being stupid out of sentiments, Buhari he's not going to die and he is your President. When Nigeria goes down who will suffer, you or Buhari or Fayose. Why can't you pray for your nation and wish your nation well,why wishing your country bad because Buhari won the election. Since you have being clapping for Fayose and wishing your country failure and disgrace what have you gain.
ReplyDeleteWhy can't you always say God bless Nigeria.
What has Fayose done in Ekiti State to show that he is working, where in the world has a Governor behaved like Fayose.We will see how develop Ekiti State will be before Fayose leave office. He has the answer for everything but look at Ekiti State looking old
nice one anonymous 2.55, sentimental comment can not take u anywhere. if Nigeria is a good place to live we all enjoy it but if its other way round we are all in it to. am sure fayose will not feel the fuel scarcity but we all are. its well with u all
DeleteAnonymous 2:55 please do not be a hypocrite...where were u during the last administration when this same people were pulling the govt down with every means possible...they even threathned to run a parrel govt...oga please go and sleep...fayose will not shut up,if that's what u want...u want everybody to clap for the govt,even in the face of rascality,hell NO..are u an economist??it's obvious you are not,cuz if you are,you will analyse this loan issue hollisticaly,not analysing fayose as an individual...
DeleteDo you think the world is not aware of what we are doing in Nigeria. The so called 2016 budget is in all the foreign countries' embassies in Nigeria. Chinese are not stupid and they know whay they are doing. No one can influence their decision to either advance loan to Nigeria or not. Keep cool guys.
ReplyDeleteAs you say, the Chinese are not stupid, but in this economic crunch we are facing in nigeria, only God knows what the chinese want in return, ABI NA OUR BLOOD? cus we dont have nothing to offer.God help US. I hope BABA never sell Biafra to China lol.
DeleteMust we comment on everything we read or see?. The Ekiti state governor is nothing but I call efulefu.
ReplyDeleteWhere are the SANs, the civil liberty societies, the human rights lawyers? No one is talking about this man's shameless, disgraceful attitudes until when a legal action is being taken against home, that is when they will come out making noise about human rights.
ReplyDeleteWhen the then opposition was busy running down the incumbent government of Goodluck through El Rufa and liar Mohammed no body call the psychiatrist for them, the employed all methods and even thread blood bath in the baboons and dogs story threatened parallel government. No San advice them, APC has blackmail the opposition in Nigeria with fraudulent fight against corruption. And the only sane voice in the nation fools are trying to shout down. Tell me if the letter or the reasons advanced advising China to not give or borrow the nation money is not factual.
DeleteGod will protect and hide Fayose for the common man and no evil will befall him. He speaks the truth that every coward is not ready to speak. The almighty will preserve him and he'll live and be celebrated.
Lets reason together my fellow Nigerians...
ReplyDeleteHow can a man secure a loan without first finalising what he needs it for?
Can any of us go to our banks for loan without first concluding what it is needed for?
This so calle budget is still generating all sort of padding controversy yet used as a collateral...
Lets reason with Fayose before crusifing him... cheers
Can someone define what us treasonable felony?
ReplyDeleteWe used to take loan for burials and weddings even to build residential property.
Is it good to take the loan or not?
Be objective not sentiment.
God bless Nigeria!
God bless Fayose.
ReplyDeleteFayose needs help. He is sick.
ReplyDelete
ReplyDeleteTHIS MAN IS RAISING ISSUES HERE, WHY DONT WE LOOK AT THE ISSUES RAISED & THE ECONOMIC IMPLICATIONS..ALL THOSE CALLING FAYOSE NAMES HAVE LOW INTELLIGENCE..
MANY NIGERIANS ARE NOT EDUCATED ABOUT GLOBAL ECONOMIC INDICES..THE MASSES IN NIGERIAN WILL BEAR THE BRUNT OF BUHARI'S ACTIONS IN THE COMING YEARS
ReplyDeleteTHIS MAN IS RAISING ISSUES HERE, WHY DONT WE LOOK AT THE ISSUES RAISED & THE ECONOMIC IMPLICATIONS..ALL THOSE CALLING FAYOSE NAMES HAVE LOW INTELLIGENCE..
MANY NIGERIANS ARE NOT EDUCATED ABOUT GLOBAL ECONOMIC INDICES..THE MASSES IN NIGERIAN WILL BEAR THE BRUNT OF BUHARI'S ACTIONS IN THE COMING YEARS
is Fayose criticizing as a private citizen of the Federal Republic of Nigeria or on behalf of the Ekiti people? The letter head EK/GOV/28/10. The content of the letter has also shown us that the removal of Lagos -Calabar project from the budget was a grand conspiracy to sabotage the Federal government developmental goal. Well, Nigerians are watching.
ReplyDeleteAfter the guy takes the loan, the other guys will share it to fund the 'Budget'..
ReplyDeleteTaking a loan to fund a budget..and the gullible masses are insulting Fayose for blowing the whistle of the plan to defraud nigerians.
I pity the masses.. Very soon pure water will be 100 naira per satchet, dats when you guys will know whats up
FAYOSE IS AN INSIDER , HE KNOWS THE TRUTH
ReplyDeleteIs it that a single State Governor is single handedly terrorising the president and her citizens! Where did he get this power from if I might ask? It is high time our leader purge themselves from every wrong doings and let our distractors be brought to book. Enough is enough. Two kings cannot rule at the same time. We need an urgent and immediate transformation. God bless Nigeria and all our patriotic leaders and citizens. Backward never and forward ever by the special grace of God
ReplyDeleteIs it that a single State Governor is single handedly terrorising the president and her citizens! Where did he get this power from if I might ask? It is high time our leader purge themselves from every wrong doings and let our distractors be brought to book. Enough is enough. Two kings cannot rule at the same time. We need an urgent and immediate transformation. God bless Nigeria and all our patriotic leaders and citizens. Backward never and forward ever by the special grace of God
ReplyDeleteIf u kall speaking the bare truth fearlessly terrorism,then so be it bro..
DeleteThis buffoonery of Fayose has reached extremes. He actually traveled to China, then failing on his mission there to scuttle Buhari's wise and futuristic economic moves, has gone on to write (and publicize the act) to the Chinese president! Does Fayose ever realize he is making a big fool of himself? And by extension Ekiti people and Nigerians as a whole? Each time I read what Fayose has to say, I am tempted to laugh at the comic superficiality of his intellect; but then I pause, realizing too that this is the image of the average Nigerian as portrayed by one big fool.
ReplyDeleteFayose is running MAD!!!
ReplyDeleteIt seems majority of people supporting Fayose here does not really have full knowledge of this so called LOAN. President Buhari is not collecting any load, but he's securing a ground for China to come and develop our infrastructure which will benefit the masses... nhmmmmm.... ignorance has really eaten up some people's mind here
ReplyDeleteWhen the then opposition was busy running down the incumbent government of Goodluck through El Rufa and liar Mohammed no body call the psychiatrist for them, the employed all methods and even threathen blood bath in the baboons and dogs story threatened parallel government. No San advice them, APC has blackmail the opposition in Nigeria with fraudulent fight against corruption. And the only sane voice in the nation fools are trying to shout down. Tell me if the letter or the reasons advanced advising China to not give or borrow the nation money is not factual.
ReplyDeleteGod will protect and hide Fayose for the common man and no evil will befall him. He speaks the truth that every coward is not ready to speak. The almighty will preserve him and he'll live and be celebrated.
It's high time to call governor fayose of ekiti state to other.He should realised that he is not an ordinary citizen in this country but a governor of a state.Sentiments and political affiliation should be put apart,we need to teem up and find solution to problems facing this our great country "Nigeria"...God bless Nigeria
ReplyDeleteY should he be called to order??state your reasons...
DeleteFayose is a miserable nicompopu. An illiterate who was busy driving a danfo bus in the school while his mates were in the class studing. What do you expect from such a Buffon ? Such a complete idiot and a miscreant ?
ReplyDeleteAnd finally he is a governor Mr study...
Delete