Abacha's prophesies have finally come to pass- Shehu Sani

A former lawmaker representing the Kaduna Central Senatorial District, Shehu Sani has reminded Nigerians of General Sani Abacha's speech which has come to pass.

Taking to Twitter, Sani quoted a section of the dictator's speech when he overthrew President Shagari’s Government in December 1983.

Sani's words: "In the Coup speech that overthrew President Shagari’s Government in December 1983, we heard Gen Sani Abacha proclaim that “We have become a debtor and a beggar nation”, Comparatively he was wrong, It’s now that we have just arriveth at that status."

In the Coup speech that overthrew President Shagari’s Government in December 1983,we heard Gen Sani Abacha proclaimed that “We have become a debtor and a beggar nation”,Comparatively he was wrong,It’s now that we have just arriveth at that status.

— Senator Shehu Sani (@ShehuSani) April 29, 2020

Reminding Nigerians that the prophecy has now come to pass, he pointed out the current circumstances Nigeria is enmeshed in.

International Monetary Fund yesterday approved Nigeria’s $3.4 billion emergency loan request to assist the country tackle the impact of the coronavirus pandemic.

The loan, to be repaid within five years, is the largest allocation yet by the IMF to an African country’s bid to contain the pandemic.

Hit by crashing oil prices and lockdowns, Nigeria requested the amount, which is the total of its existing holding with the IMF, under the Rapid Financing Instrument, which offers funding without the strings of a full programme.

Without the loan, Nigeria’s economy could shrink drastically, as the collapse of the price of crude, which makes up more than half of government revenues and 90 per cent of exports, has made it difficult to finance the 2020 budget.

In this current circumstance, Nigeria has slowly become a debtor enmeshed in a debt crisis, struggling to make ends meet.