Browsing: Venezuela

For example, the Anchor Borrowers Programme —parceled to give loan access to Nigerian farmers —was marred by Nigerian corruption, where farmers and non-farmers —in cahoots with some government officials —got these loans only to divert them, used to defray non-agric expenses; facilitating ornate lifestyles; taking new wives and going for all sorts of adventures in the name of religion. All, with no apparent intentions to pay back the loans. Are we not reaping what we sowed?