From lender to borrower: Arise TV’s Rufai Oseni weeps over Nigeria
By Omeiza Ajayi Popular television host, Rufai Oseni, on Friday became emotional while lamenting how Nigeria transformed from a nation that once financed global development institutions into a country now trapped in a cycle of chronic borrowing.“On December 24, 1974, Nigeria signed a long-term borrowing agreement with the World Bank.
Under that agreement, Nigeria provided $240 million in net resources to the World Bank Reserve,” Oseni said.
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