{"id":51811,"date":"2021-06-28T07:04:06","date_gmt":"2021-06-28T06:04:06","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=51811"},"modified":"2021-06-28T07:04:06","modified_gmt":"2021-06-28T06:04:06","slug":"stop-giving-loans-to-nigeria-southern-middle-belt-leaders-tell-financial-institutions","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/06\/28\/stop-giving-loans-to-nigeria-southern-middle-belt-leaders-tell-financial-institutions\/","title":{"rendered":"Stop giving loans to Nigeria &#8211; Southern, middle belt leaders tell financial institutions"},"content":{"rendered":"<p>The Nigerian Indigenous Nationalities Alliance for Self Determination (NINAS) has called on global financial institutions to stop giving loans to Nigeria.<\/p>\n<p>NINAS, which is a multi-ethnic alliance comprising southern and middle belt leaders, said the country is a \u201cdisputed project\u201d and that indigenous Nigerians cannot continue to repay such loans.<\/p>\n<p>This was contained in a statement released on Sunday by the group.<\/p>\n<p>According to the group, further borrowings to the country would be seen as \u201cnegligence\u201d.<\/p>\n<p>Chaired by Banji Akintoye (pictured), NINAS had earlier asked the government to conduct a <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/06\/15\/only-referendum-for-igbo-exit-can-guarantee-peaceful-nigeria-northern-group\/\">referendum<\/a> for the \u201cindigenous people of southern and middle belt of Nigeria\u201d.<\/p>\n<p>In the statement by Shade Olukoya, chairman of its steering committee, the group said\u00a0it stands by its position in December 2020 \u201cwhen we declared a Constitutional Force Majeure.\u201d<\/p>\n<p>The statement read: \u201cWe remind the International Community that Nigeria is now a disputed project. This was articulated in our Press Conference of 16 December 2020.<\/p>\n<p>\u201cSubsequent activities as articulated at Press Conferences of 17 March 2021, and 17 April 2021 emphasise that Nigeria remains a disputed project. Knowing this and lending to a disputed project can only be considered negligence.<\/p>\n<p>\u201cFor the avoidance of doubt, the Indigenous Nations will not, and cannot be expected to repay such loans or allow their assets to be used as collateral to offset the loans.\u201d<\/p>\n<p>Nigeria has been struggling under the weight of increasing public debt stock which stood at N32.92 trillion as of the end of 2020.<\/p>\n<p>A greater part of the debt was incurred under\u00a0President Muhammadu Buhari.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian Indigenous Nationalities Alliance for Self Determination (NINAS) has called on global financial institutions to stop giving loans to Nigeria. NINAS, which is a multi-ethnic alliance comprising southern and middle belt leaders, said the country is a \u201cdisputed project\u201d and that indigenous Nigerians cannot continue to repay such loans. This was contained in a [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":51812,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[4160,10955,12001,12002,12000],"class_list":["post-51811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-financial-institutions","tag-loans","tag-middle-belt-leaders","tag-nigerian-indigenous-nationalities-alliance-for-self-determination-ninas","tag-southern-leaders"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Stop giving loans to Nigeria - Southern, middle belt leaders tell financial institutions<\/title>\n<meta name=\"description\" content=\"The Nigerian Indigenous Nationalities Alliance for Self Determination (NINAS) has called on global financial institutions to stop giving loans to Nigeria.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2021\/06\/28\/stop-giving-loans-to-nigeria-southern-middle-belt-leaders-tell-financial-institutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stop giving loans to Nigeria - Southern, middle belt leaders tell financial institutions\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Indigenous Nationalities Alliance for Self Determination (NINAS) has called on global financial institutions to stop giving loans to Nigeria.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2021\/06\/28\/stop-giving-loans-to-nigeria-southern-middle-belt-leaders-tell-financial-institutions\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-28T06:04:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/06\/adewale_chocomilo\/2021\/06\/28\/20210628_065238.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1003\" \/>\n\t<meta property=\"og:image:height\" content=\"524\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sodiq Lawal Chocomilo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@OChocomilo\" \/>\n<meta name=\"twitter:site\" content=\"@withinnigeria\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sodiq Lawal Chocomilo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2021\\\/06\\\/28\\\/stop-giving-loans-to-nigeria-southern-middle-belt-leaders-tell-financial-institutions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2021\\\/06\\\/28\\\/stop-giving-loans-to-nigeria-southern-middle-belt-leaders-tell-financial-institutions\\\/\"},\"author\":{\"name\":\"Sodiq Lawal Chocomilo\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#\\\/schema\\\/person\\\/db8593431a99b3751c40316ba4b4a452\"},\"headline\":\"Stop giving loans to Nigeria &#8211; 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