Moghalu also wondered why Nigeria that allegedly bought SUVs worth N160m each for 360 legislators wants a loan
By Kehinde Okeowo
A former Deputy Governor of the Central Bank of Nigeria (CBN) and one-time presidential aspirant, Kingsley Moghalu, has queried federal government’s plan to borrow $1.5 billion from the World Bank.
He made his feelings known via his X handle, formerly Twitter, after several news outlets reported that the President Bola Tinubu-led administration was engaging the World Bank for a fresh $1.5bn loan.
The reports also claimed the objective of the loan is to strengthen systems for improved delivery of basic education and primary health services in participating states.
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Reacting to the development, Moghalu took to his social media page to note that Nigeria is becoming a carcass, “and our political class its scavengers.”
He also wondered why a country that allegedly bought SUVs worth N160 million each for 360 House of Representatives members recently needs a loan.
“There is a real problem when Nigeria is set to borrow another $1.5 billion from @WorldBank for budget support, and SUVs worth N160 million each are reportedly to be bought for 360 members of the House of Representatives. We are not yet serious as a country.
“Nigeria is becoming a carcass, and our political class its scavengers,” he tweeted.
