$29.96bn loan: Don’t join FG to ruin Nigeria, Fayose warns Saraki

Ekiti State Governor, Ayodele Fayose, has urged the Senate President, Bukola Saraki, not to join the Federal Government in ruining Nigeria by supporting President Muhammadu Buhari’s request for $29.96bn foreign loan.

The governor, who called on Saraki to join Nigerians who were against the loan, cautioned him not to because of his own personal interests join Buhari to destroy Nigeria.

Fayose in a press release issued by his Special Assistant on Public Communications and New Media, Lere Olayinka, said the senate president must realise “that no matter how much he tries to warm himself into the hearts of the Aso Villa Cabal, they can never love him and accept him into their fold.”

The governor queried the economic sense in taking over N12 trillion loan so as to be able to spend more money during economic recession.

“How can a nation be proposing to spend more money when its income has reduced considerably?

“Yes, it is being argued that nations in recession must spend to get out of recession, but in the case of Nigeria, how do we pay back when as of today, 30 per cent of our income is being used to service debt?

“What will happen to our economy when over 60 percent of our income is being used to service debt?”

Fayose urged the senate to be mindful of the reality that many states in Nigeria were unable to pay workers salary now because of the huge debt left behind by past governments.

Comments

APC Governorship Aspirant, Atinuke Omolayo, Participates in Delegate Congress in Emure

October 25, 2025 A former governorship aspirant of the All Progressives Congress (APC) in Ekiti State, Mrs. Atinuke Oluremi Omolayo (née Okeya), who was duly screened and cleared by the party’s National Screening Committee, has demonstrated uncommon party loyalty by stepping down for Governor Biodun Abayomi Oyebanji and actively participating in the delegate congress held today in her Eporo Ward, Emure Local Government Area. Mrs. Omolayo, who was warmly received with an Ọ̀wọ̀ song by jubilant party members, expressed appreciation to her ward for the support they gave her when she initially declared her intention to contest for governor. She explained that her decision to step down for Governor Oyebanji was informed by his wide acceptability across the state, sterling performances in office, and commitment to Ekiti’s growth and development, which she described as derivatives of continuity. While addressing the crowd, Mrs. Omolayo urged party members in Eporo Ward...

Ignore Rumours: APC Confirms Governor Oyebanji’s Name to Be Submitted to INEC on January 16, 2026

…As APC Spokesperson Reiterates Official Candidate List Ahead of Publication The APC Integrity Caucus has moved to dismiss what it describes as a reckless and senseless rumour being circulated by a few individuals posing as party members. The gossip, they said, claims that the party “does not intend to submit” the name of Governor Biodun Abayomi Oyebanji to the Independent National Electoral Commission (INEC). In a statement released on Thursday, November 14, 2025, the caucus said such claims are baseless and should be ignored by every well-meaning member of the public. “Since the successful conduct of our governorship primary on October 27 and the ratification by authorised delegates on October 29, some mischief makers have been whispering that the party will not submit Governor Oyebanji’s name to INEC. This is completely false,” the statement read. The caucus emphasized that the APC operates according to a clearly defined timetable, which specifies the dates for submissio...

Tinubu’s Son-in-Law, Oyetunji Ojo, Declares President’s Full Support for Oyebanji’s Second Term

…Promises to Lead Campaign Across 16 LGAs of Ekiti State September 26, 2025 The cordial relationship between President Bola Ahmed Tinubu and Governor Biodun Abayomi Oyebanji (BAO) was brought into focus on Friday when Honourable Oyetunji Ojo, Chairman of the Federal Housing Authority and son-in-law to President Tinubu, visited the Ekiti State Secretariat of the All Progressives Congress (APC). Ojo told the State Executive Council that President Tinubu was firmly backing Governor Oyebanji’s re-election, describing the bond between the two leaders as “smooth, cordial and unwavering.” He stressed that the relationship between the Presidency and the Government of Ekiti State would only grow stronger in the years ahead. The FHA Chairman hailed Oyebanji as a “tested, trusted, and people-focused leader” who has delivered on his promises through achievements in infrastructure, human capital development and inclusive governance. He pledged t...

Nigerian Gazette

Search This Blog