See reaction as Nigeria set to borrow $1.2bn from Brazil

See reaction as Nigeria set to borrow $1.2bn from Brazil

A request for approval seeking a $1.2bn external borrowing from Brazil has been transmitted to the National Assembly.

According to results, the President Muhammadu Buhari administration led Federal Government is seeking a loan from  Brazil to finance agricultural programmes in the 2021 budget.

This was made known by Zainab Ahmed the Minister of Finance, Budget, and National Planning.

Nigerians are not impressed with the administration going to Brazil for another loan.

See the reaction of Nigerians about the loan from Brazil below

Brazil? For crying out loud Brazil? it’s a freaking third world country also, at some point we will borrow from Zimbabwe. WTF 😡😡😡 https://t.co/5Z4Fd84B7j

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— S T A T E S M A N (@Mister_Mash) November 4, 2020

Nigeria's debt will hit #38.68 trillion in 2021.

We have to go so low to the point of begging a struggling country like Brazil for loan.

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This Buharis regime is a total disaster.They are practically selling our future. pic.twitter.com/qd6MkdBEWF

— The Legal-preneur 🙂 (@PatriciaAsanya) November 4, 2020

As China no gree borrow us money again buhari won enter brazil go beg😭🤦🏻‍♂️🤦🏻‍♂️ pic.twitter.com/ArJtdkQpds

— stevezy (@stevezyyyy) November 4, 2020

FG seeks fresh $1.2bn loan from Brazil 🇧🇷

Brazil is not a poor nation. Their GDP is more than $1.8trillion which you can't compare with Nigeria's own of $445billion. It's just that we no longer have shame. FG may end up borrowing money from Ghana and Benin Republic soon. Shame! pic.twitter.com/HcFfh4W7cT

— Uche Ezeonye Official (@uche_ezeonye) November 4, 2020

We're now borrowing money from Brazil?
Even Brazil? pic.twitter.com/Qx72AKz2RR

— Igwë (@AlexanderKing4L) November 4, 2020