Prioritize National Interest in Loan Agreements – NECA
The Director-General, Nigeria’s Employers Consultative Association, Dr. Timothy Olawale, commenting on the issue of loans, explained that in any partnership agreement entered into by a country, national interest and the interest of the citizens must be prioritized.
According to him, the negotiator should be blamed in the event that national interest is not considered in any loan agreement.
In the employment of manpower for execution of projects, he said the local content policy stipulates that certain types of jobs that are not too technical and do not involve the transfer of technology, should be handled by Nigerians.
On its part, the Social Development Integrated Centre, Social Action described Amaechi’s request to halt the probe of the loans taken by the Federal Government as unpatriotic.
The center, in a statement issued on Monday, said the minister’s “unguarded and anti-people” statement could hinder the progress the country was making at achieving transparency and accountability.
It said the absence of transparency and accountability in the midst of massive corruption would scare away investors rather than the prospect of accountability in the minister’s opinion.
Ayooluwa Joshua