Former Senator Shehu Sani addressed accusations that 334 Nigerians possess 800 properties in Dubai worth 152 billion dollars in a recent statement made through his official X account. Sani expressed surprise at the information and questioned why Nigeria, a nation with such vast foreign riches, keeps taking out loans from international organizations. CONTINUE FULL READING>>>>>
“And We are borrowing money from the World Bank, IMF, China, Afrexim, Brazil and Saudi Islamic Development Bank,” Sani wrote.
The report underlines concerns about capital flight and wealth inequality in Nigeria, with huge portion of the country’s wealth invested overseas.
Sani’s reaction reflects general public opinions regarding the need for transparency and accountability in managing Nigeria’s finances, particularly in the aspect of external borrowing.
The former senator’s statement has brought discussions on social media, with many Nigerians calling for greater examination of wealth accumulation and investment practices.
Many argue that the gap between the country’s wealth abroad and its reliance on foreign loans highlights systemic issues within Nigeria’s economic governance.
Sani’s statements connect with those who advocate for policies aimed at repatriating wealth and promoting domestic investment to promote economic growth.CONTINUE FULL READING>>>>>
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