By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AIT LIVEAIT LIVEAIT LIVE
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Font ResizerAa
Font ResizerAa
AIT LIVEAIT LIVE
Search AIT
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Follow US

CUPP moves against $22.7 billion external loan

Last updated: March 17, 2020 1:41 pm
5 years ago
Share
1 Min Read
CUPP

Coalition of united political parties in Nigeria, CUPP has called on the house of representatives to stop the federal government’s plan to borrow $22.7 billion foreign loan which has already been approved by the senate.

speaking at a news briefing in abuja, the CUPP spokesperson Ikenga ugo chinyere says the planned borrowing is capable of plunging Nigeria into  economic slavery if not stopped.

Also read: Nigeria secures $3bn loan from World Bank on power sector

Cupp says what Nigeria needs at this time are capable hands and asked Nigerians to rise against the move by the government.

The coalition noted that as  the value of the naira gradually move to n400 per dollar, the borrowing will amount to n9.8 trillion.

Cupp says it has written to the lenders on the negative impact of such loan even as it approached the court to halt federal government move.

Share This Article
Facebook Twitter Whatsapp Whatsapp Email Print
Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

RSS APO Group – Africa-Newsroom: latest news releases related to Africa

  • CORRECTION: MKS PAMP to Participate at Mining in Motion as Bronze Sponsor June 2, 2025
  • Mining in Motion Kicks Off in Ghana with Calls to Reimagine African Mining June 2, 2025
  • Under the patronage of the Ministry of Planning, Economic Development, and International Cooperation and the Dutch Embassy, 100 Startups Graduated from the “Orange Corners” Program from the 2025 Delta Cohort June 2, 2025
  • Libya: Barriers to Justice June 2, 2025
  • Democratic Republic of the Congo: National ownership essential to address internal displacement crisis, says United Nations expert June 2, 2025

Trending

aitlive 9
Breaking: INEC admits glitch in results transmission as Court Reserves Judgement In Atiku’s Petition Against Tinubu, electoral body
2023 Elections Headlines
aitlive 1 19 1
Nigeria Air: MD Confirms Unveiled Aircraft Was Hired Ethiopia Flight
Local
LABOUR PARTY
Breaking: LP And Presidential Candidate, Peter Obi, Get Court Permission To Inspect Forensic Materials
2023 Elections
AIT-IMAGES - US House Republicans
US House Republicans authorize Biden impeachment inquiry
World
PETER OBI
Drama in court as judges order Peter Obi’s legal team to go home
Headlines

Section

  • Headlines
  • Local
  • Business
  • Politics
  • Sports
  • Crime
  • Education
  • Health
  • Entertainment

Programmes

  • Kakaaki
  • Focus Nigeria
  • Democracy Today
  • People Politics and Power
  • News Hour
  • AIT Reports
  • World News
  • Moneyline With Nancy
  • Jigsaw

About Us

  • About AIT
  • Our History
  • Our Awards
  • Our Values
  • Privacy Policy


Follow US
© AIT.LIVE. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

THE MOST IMPORTANT NEWS HEADLINE AND EVENT OF THE DAY

Subscribe to our mailing list to receive daily news update direct in your inbox!

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?