News Column

Tuc Tasks Jonathan On Billion-Dollar Security Loan

July 28, 2014

Daniel Abia

Rivers state branch of the trade union congress, TUC, has expressed concern over the huge one billion dollar loan requested by President Goodluck Jonathan to tackle the upsurge of terrorism in the country.

TUC's concern for the loan was borne out of fear on when the money would be paid back so that the country does not find itself in the same situation that characterized the former President Olusegun Obasanjo administration when foreign loans became Nigeria's greatest albatross.

Speaking exclusively with Sunday Independent in Port Harcourt, Rivers state, the state chairman of the congress, Comrade Chika Onuegbu said though the terms and conditions of the loan was not made public, it would generate a big economic concern if the money is to be paid after 2015.

Onuegbu explained that it was not enough for government to go cap-in-hand begging for money to fight terrorism, stating that the best way to tackle the insurgency was to face the fundamental issues of education, corruption and inequality in the society.

He enjoined the federal government to adopt the double approach of using military force and tackling of social injustice to solve the Boko Haram insurgency in Nigeria, saying that buying of military hard wares alone will not yield the desired result.

"You cannot solve terrorism problem in Nigeria today without tracing the root cause of it. And I can tell you that the root cause of what we are facing today as a nation is corruption in the system."

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Source: AllAfrica

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