Nigeria: The Borrowers

Edo state governor,  Adams Oshiomole got the president to endorse a loan of $75 million even as he leaves office in months. Lagos got $200 million Wednesday, November 18. The president has asked Mr Saraki to stamp 2.10 trillion Naira to finish 2015.

Who is paying for these loans? Why are they all queuing for loans?

The Senate is not asking any questions.

Nelson Mandela who, along with Bono and Bob Geldof, begged the West  to forgive Africa its debts is dead.
Bono and Bob might not be too happy to beg twice.

There is something eerily similar between how Nigeria's government operate and America's Hollywood.

Borrowing is one of them. Most movies are funded by loans from banks. Take Titanic, when director, James Cameron in 1997 exceeded the $100m mark that he swore will make the movie( breaking a promise) 20th Century Fox did not have a senate so they asked Paramount and Light storm Entertainment to help arrange for more loans.
James Cameron was selling his experience just like Nigeria's president does now. So he got the money to complete the project:


Exactly what Lagos State governor, Mr Akin Ambode got Wednesday, $200m.

Fantasy: Nigeria government is able to lie blatantly to its people. They paint pictures of paradise with watered ink on sand that fades as reality bites.

Hollywood offers magical realism, conversely, though. They are able to present fantasy in a way that is believable and interesting.

A government that came to power in an anti-money pose is curiously engaged in nothing else.

Unlike Hollywood, Mr Buhari's governors and now himself don't tell the people whose  future will pay for this loans anything.

And the poor souls are not asking. They have hunger to fight.

By the way, Titanic made a profit of $1.205 billion. Nigeria's borrowers will incur devastating interest.

The Senate will do well for Nigeria if it throws out the request.
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