Mr Gbajabiamila, who frowned at what he tagged ‘President Jonathan’s penchant for loans’ when the country had Sovereign Wealth Fund, reserve and excess oil revenue, said the one billion dollars loan which the President was requesting for was one loan too many for Nigeria’s future generation to pay-off and would not be granted.
In a statement issued by his media aide, Olanrewaju Smart, the lawmaker said that the President had earlier collected a loan of three trillion Naira allocated to defence in three years with nothing to show for it and advised the National Assembly not to grant the request while urging the Federal Government to try “exchanging oil for military hardware”.
