Hungarian €54m
loan to Nigeria: The truth of the matter
By Hakeem Babalola
Before I go in
perspective, it’s important for me to state why I participated in the recent
protest against the €54m loan reputed to have been agreed upon between the
Nigerian and Hungarian governments. Two things
though: My considerable distrust of Nigerian public officials in terms of
accountability and excessive corruption; and of course, my intense dislikes for
wasteful and “enslavement” loan or borrowing. I am of the opinion that
borrowing impoverishes a nation and its people.