I think these are the reasons for the loan:
He listed the agricultural sector as one area the Bola Tinubu administration is looking to spur growth in the medium term, noting that efforts in that area include the distribution of fertilisers and seeds to reduce food prices and enhance food security.
Other programs, according to the Minister, are: increasing power generation to about 6000 megawatts within six months, provision of infrastructure especially housing with the goal of making low-interest mortgages available to Nigerians, revamping of the social investment program and proposed economic stabilisation plan.
If they want to lessen food prices, they should open land borders and stop naira manipulation.
if na to use the money take care of the agricultural sector be the reason why them borrow the money, then e de easy to fit refund am back as at when due but the problem be say all this stories about investing into the agric sector don too plenty and nothing really de come out of am.
Apart from the government doing agriculture in the large scale, if na like to still do all this agricultural schemes when be say them go train people then give them seeds to go plant, that kind thing for we people now na dead on arrival. I no still see loan as the best option when we get now oh, e still de like a way of tying ourselves down for the next ten years. As a person, as long as you are owing people, you know you're bent to comform to most of the things that relates to them and if we they hope say a day go ever come when be say we go stabilize the economy, then we need learn how to work with wetin we get at hand and leave anything when get to do with loans..
When this administration finishes before the ten year period elapsed, the next one will come and might even deny ever knowing anything about this loan and will spend most of her resources settling loans only to take up another loan for the next administration to attempt sorting out. This is a bad circle that should be discouraged in it entirety.
