Ekiti State Governor, Mr. Ayodele Fayose, has said the Federal Government’s plan to secure a $1bn Eurobond might prolong the nation’s economic crisis.
The governor, who is also the Chairman, Peoples Democratic Party’s Governors’ Forum, challenged the Federal Government to clarify who the beneficiaries of the bond would be as its repayment would last till 2032.
The governor, in a statement issued on Friday, by his Chief Press Secretary, Idowu Adelusi, threatened to sue the Federal Government if it fails to do so.
He said, “What I’m even worried about and which they must explain to us is that you cannot get a bond without committing it to the source.