CHAIRMAN of Heir Holdings, Tony Elumelu on Friday told the International Monetary Fund and other development party to provide alternatives to Nigeria if collecting loans from China was injuries to the nation’s economy.Elumelu also said that his Foundation will continue to support the government and the people through the $5,000 grant, so as to create a more prosperous society
Mr Tobias Adrian, the Financial Counsellor and Director of the IMF’s Monetary and Capital Markets Department had warned on Wednesday during the launch of the Global Financial Stability Report for April, 2019 at the IMF/World Bank meetings in Washington D.C, United of America. “In particular, we recommend that loans to countries should conform with Paris Club arrangements and that is not always the case of loans from China,” he said.
“For me, one of the surest way to eradicate poverty is to ensure that our youths are gainfully employed through entrepreneurship.
vanguardngr TOE has said it all. The West should provide alternatives for Chinese loans.
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