Falana warns Buhari against taking $29.96bn loan
Femi Falana has warned Nigeria against returning to the era of 1970’s and 80’s when Nigeria incurred debts that plagued the country until they were paid up in 2005 – Falana urged President Buhari to work at recovering the loots abroad and use the funds instead of borrowingborrowing Femi Falana says borrow $29.96bn loan will chain future generation Erudite lawyer, Femi Falana has re-stated that the decision of President Muhammadu Buhari to borrow $29.96bn is not a good one for Nigeria’s future. The Punch quotes Falana, a Senior Advocate of Nigeria, as saying that Buhari can get all the money he needs by recovering loots abroad rather than borrowing the humongous amount of money. Speaking at the symposium “X-raying 50 years of military intervention in Nigeria’s politics” organised by the Department of Political Science at the University of Lagos, he noted that such borrowing would leave Nigeria indebted for years, thereby mortgaging the country’s future. He said: “Between 1978 a