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Monday, 31 October 2016

Ben Murray-Bruce: "I'm never against loans, but they should be spent exclusively on developing Nigeria not developing our elite."

President Buhari last week forwarded a request to the National Assembly to approve external borrowing plan of $29.960 billion, in order to execute key infrastructural projects across the country between 2016 - 2018. Senator/businessman Ben-Murray Bruce reacted to this via social media, saying if the loan is at the end of the day mismanaged, the youths will not be leaders of tomorrow but future debtors. In his words:

I'm never against taken loans, but they should be spent exclusively on developing Nigeria not developing our elite. We are being told what FG plans to spend the loan on, but how much of those expenditures affect the youths? People of my age won't be the ones to repay this loan. Its the youth who will, repay, so it must benefit them, not us.

We elders must have a rethink. We must think of our youth and ways to bequeath assets to them, not liabilities. Elected officials still earn ridiculously high salaries in the midst of poverty. Let's address that before we borrow. Elected officials still move about in 10-20 car convoys costing hundreds of millions. Let's fix that before borrowing.

We want to borrow $29 billion for our youth to repay back yet not one youth is in the Federal Executive Council. We have not implemented the Orosanye Report and we want to borrow? It will be like pouring water into a basket. Before we pile on debt that our youth will have to repay lets at least plug all areas of waste in our government.

If we don't do the right thing, this loan will turn our youths from leaders of tomorrow to debtors of tomorrow!

27 comments:

Eddy Ogbunambala said...

Eziokwu

livingstone chibuike said...

Well said..u're so on point sir

Nseabasi Ekpo said...

IF U SAY SO

freeborn bamislam suani ahmad bamislam said...

My senator my senator i FREEBORN IS NOT IN SUPPORT OF U ON THIS. AM AGAINST TERRORIST BUHARI LOAN BECAUSE THE MONEY WILL GO LIKE THE SO CALLED RECOVER FUND. i will only support terrorist buhari and apc loan only if they tell me where the recoverd meony is and what they have done it with.
As for the youth hmm they dont have future in Nigeria are they not the same shameless youths supporting 90 year OLD TERRORIST BUHARI WICKED AND EVIL GOVERNMENT OF OLD MEN HUH? rest in peace to Nigeria.


















#sad indeed

freeborn bamislam suani ahmad bamislam said...

My senator my senator i FREEBORN IS NOT IN SUPPORT OF U ON THIS. AM AGAINST TERRORIST BUHARI LOAN BECAUSE THE MONEY WILL GO LIKE THE SO CALLED RECOVER FUND. i will only support terrorist buhari and apc loan only if they tell me where the recoverd meony is and what they have done it with.
As for the youth hmm they dont have future in Nigeria are they not the same shameless youths supporting 90 year OLD TERRORIST BUHARI WICKED AND EVIL GOVERNMENT OF OLD MEN HUH? rest in peace to Nigeria.


















#sad indeed

Vivian Reginalds said...

you're not a saint so SHUT UP!
-D great anonymous now as Vivian Reginalds

NaijaDeltaBabe said...

Gbam!


...merited happiness

Anonymous said...

Your head is correct

Uju Phil said...

Oh yeah...speak on Sirye!#Gwamest

Chizzy Liz said...

*********************or nna gi muru gi.... Ima ekwu okwu

sholaolu samuel said...

Well said .However the cabal can never let things work until it is dismantled .

evy claret said...

I hope they listen

Eva Da Diva...

chinelo okafor said...

Gbammest...

chinelo okafor said...

Are u a Saint? A case of Pot calling cattle Black. Iru ewu...

Fortunatus Ifenna said...

True talk.. Hit it big! Get your super soccer prediction tips for Monday 31st October & Tuesday 1st November 2016 @ www.fortunatusblog.com 

Anonymous said...

Senator Bruce; The is it the type of loans you took from Banks in Nigeria in the name of Silverbird and used it to buy houses in California. It is called #showboating #Playingtothegallery #dishonesty

ike manuel said...

True Talk, wise man!

Na me talk am!

Long Live Lib!!!

Nweme Jonathan Eyo said...

if only our past leader from 1995 till the moment has spend our money on infrastructural projects like light, road, industries.. we won't be facing this difficult hardship in this nation

OSINANL said...

TRUE TALK

I-cee Rachel said...

He took his loans in his company name, that's different from the federal govt taking loans in the name of Nigeria.

Iphie Abraham said...

Well said







Lib addict#just passing#

Anonymous said...

this man talks sense and yet some idiots still criticize him.

Anonymous said...

I'm very sorry to say, but Nigerian youths are f**lish sha. Senator Bruce just made a solid point and instead of us taking this serious, going out in large numbers to protest, we are here insulting the senator. You guys should remember that Sanusi once said that one-quarter of our budget goes to the senate. It's just surprising that even at the time of this recession I have never actually heard the senate president talk about reduction in salaries and allowances of the senators and other public office holders. So indirectly this money that is going to be borrowed is going to go into the pockets of politicians either as salaries, allowances, stollen funds etc. Who do you think will pay for this loan? I'm a youth and I feel this is something we should think about.

shebido said...

80 years old cabinet members want to borrow $30b to further enrich themselves and their families and the youths will be left with heavy debt burden. This is wicked and evil. This old man wants to destroy the youths and the country before he dies. Holy Ghost fire.

Juliet Iwuno said...

Tell data to your colleagues. Linda take note!

Anonymous said...

That loan is going to mouth of vultures. Let's see, is it not Nigeria again? Some of them have not recovered the money they used to do election.

Dlapikin said...

Was he not in hot water over loans that sustained him in the elite? Had he repaid them?

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