'We'll soon borrow from Benin Republic' -- Twitter reactions to FG's $1.2bn loan from Brazil

The decision of the federal government to seek $1.2 billion loan from Brazil has not gone down well with many Nigerians.

When she appeared before the house of representatives committee on finance on Tuesday, Zainab Ahmed, minister of finance, budget and national planning, said the money is meant to fund agricultural programmes.

Ahmed urged the national assembly to approve the $1.2 billion loan from the Brazilian government for the “Green Imperative Programme”.

This sparked outrage on Twitter as many Nigerians wondered why the government would seek loan from Brazil, which is also an emerging economy.

Below are some reactions:

Very soon Nigeria Govt will start seeking loans from Benin Republic & Ghana😂 https://t.co/hiCDWhtaye

— Etoniru (@waynetipsy) November 4, 2020
Advertisement

https://twitter.com/o_kanyy/status/1323905087094300673?s=19

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
Advertisement

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

Small thing, we'll go and borrow from Benin Republic. Suffer head 😌😌

Let's be friends.. Follow me, I follow back. pic.twitter.com/8e2fr3nvjE
Advertisement

— H E N R Y (@NjokuUgochukwu6) November 4, 2020

https://twitter.com/PrinceChi10/status/1323902658416095232?s=19

Before 2023, we will borrow from Benin Republic
Advertisement

— . (@Olajvde) November 4, 2020

Shameless borrow-borrow @OfficialAPCNg Egbekegbe government!

During the @OfficialPDPNig administration, the world was talking about the BRINC nations as an economic bloc – Brazil, Russia, India, Nigeria & China. 5 years of Buharism has removed Nigeria from polite society! https://t.co/lIPCPYS79F

— Babatunde Olalere Gbadamosi (@BOGbadamosi) November 4, 2020

Anyhow you people sha wan borrow, know one thing for sure, my generation is not paying back a dime. https://t.co/e1URqTYwVX

— GODZILLA (@_Samcleave) November 4, 2020

Sigh. Are we done borrowing from the World Bank/IMF? Who will we borrow from next? Zimbabwe? https://t.co/elet0qfj2s

— Dr. Reginald Aziza (@reginaldaziza) November 4, 2020