Dr. Abubakar Yunusa Ahmad, a member of the House of Representatives Committee on Loans, Aid, and Debt Management, stated that despite granting approval to the President Muhammadu Buhari administration for an $800 million loan, the lawmakers will not permit the outgoing government to utilize the funds. He added that the House had imposed conditions on the loan approval given to the president.

During a breakfast television show on Channels Television in Abuja, Dr. Abubakar Yunusa Ahmad mentioned that the lawmakers possess a method to ensure that the Buhari administration complies with the conditions attached to the loan approval.

He stated, "Regarding the $800 million, we held consultations and advised the federal government to leave this matter for the incoming government. However, since the loan has been granted, we can receive it but cannot utilize it. Perhaps the next government will have a different approach to addressing these issues."

"We have come across social media reports stating that they plan to replace all of Buhari's ministers due to their perceived underperformance. Although we have approved the loan and want Nigeria to accept it, the current government will not be allowed to utilize it. The decision on how to use the loan will be left to the next government when they assume office. As for Nigeria's debt profile, it is quite perplexing. The members of the House of Representatives have valid reasons for not approving the N22.7 trillion Ways and Means requested by President Buhari."

The perplexing nature of our debt profile led us to reject the N22.7 million Ways and Means, despite the Senate's approval of the request. Many questions were raised by us, the members of the House of Representatives, and the request remains unresolved. There are certain matters I cannot disclose to avoid stirring controversy, but I hope people comprehend the concept of ways and means. In essence, it refers to the creation of currency through printing.

Firstly, concerning Nigeria's substantial debt profile, it is important to note that Nigeria possesses the capability to repay it. The APC government under President Buhari has implemented infrastructure projects such as railways, which, if effectively utilized, could generate the necessary funds for loan repayment within a relatively short period, possibly within one or two years. Our main challenge lies in the lack of patriotism. Whenever the government introduces an initiative, there are individuals who engage in what I would describe as administrative stupidity, obstructing its progress. If we can successfully complete projects like Ajaokuta, which is only three percent away from completion, and ensure the efficient functioning of the railway system, I assure you that within 5 to 10 years, the situation in our country will undergo a significant transformation.