Buhari Writes Senate Seek For Another 2.6 Billion Dollars Loan - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / Buhari Writes Senate Seek For Another 2.6 Billion Dollars Loan (459 Views)
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| Buhari Writes Senate Seek For Another 2.6 Billion Dollars Loan by Monimatic(m): 10:25am On Oct 10, 2018 |
President Muhammadu Buhari Tuesday requested Senate’s authorization for a fresh $2,868,540,000 external loan. Buhari in a letter to the red chamber said the loan would be used to partly fund the 2018 budget. In the breakdown of the loan, Buhari explained that $2.786 billion would be borrowed from the international capital market for the part-financing of the 2018 budget’s fiscal deficit and to finance key infrastructure projects in 2018 budget. He said the Federal Government needed to raise another $82.54 million from the international capital market to refinance the balance of $500 million mature Eurobond. The President said: “Pursuant to Sections 21 (1) and 27 (1) of the Debt Management Office (Establishment Etc) Act, 2003, I hereby request for distinct and specific resolutions of the National Assembly to: “Issue USD2.786 billion in Eurobonds and other securities in the international capital market for the implementation of New External Borrowing approved in the Federal Government of Nigeria’s 2018 Appropriation Act, for the part-financing of the 2018 budget’s fiscal deficit as well as to finance key infrastructure projects in 2018 budget. “And issue Eurobonds and other securities in the international capital market for the refinancing of USD82.54 million, being the balance of the five-year, USD 500 million mature Eurobonds.” http://thenationonlineng.net/buhari-seeks-senates-nod-for-fresh-2-86bn-foreign-loan/ http://thenationonlineng.net/buhari-seeks-senates-nod-for-fresh-2-86bn-foreign-loan/
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| Re: Buhari Writes Senate Seek For Another 2.6 Billion Dollars Loan by Monimatic(m): 10:25am On Oct 10, 2018 |
This is madness Buhari will sell off this country before he is retired to his village in 2019 1 Like
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| Re: Buhari Writes Senate Seek For Another 2.6 Billion Dollars Loan by Monimatic(m): 10:26am On Oct 10, 2018 |
Nigeria Economy will move from recession into Economic depression Buhari is a monumental disaster
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| Re: Buhari Writes Senate Seek For Another 2.6 Billion Dollars Loan by marsoden: 10:27am On Oct 10, 2018 |
I guess he wants to grab anything he can lay his hands on so that if he's voted out, he won't have anything to lose. 1 Like |
| Re: Buhari Writes Senate Seek For Another 2.6 Billion Dollars Loan by capatainrambo: 10:28am On Oct 10, 2018 |
what's all these nonsense that was how rauf took loans till he collapsed osun. 2 Likes
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| Re: Buhari Writes Senate Seek For Another 2.6 Billion Dollars Loan by Ifeanyi4491(m): 10:28am On Oct 10, 2018 |
hmmm |
| Re: Buhari Writes Senate Seek For Another 2.6 Billion Dollars Loan by NsukkaHONEY: 10:33am On Oct 10, 2018 |
I think I prefer a "corrupt" government to one who endlessly borrow with no impact. history warned us but we thought we could teach old dogs new tricks  check my Siggy.... I'm upset |
| Re: Buhari Writes Senate Seek For Another 2.6 Billion Dollars Loan by OlaAshawo: 10:38am On Oct 10, 2018 |
any body still supporting this old hag burukutu drinking demon is an enemy of the state and must be sentence to death. cc sarrki midolian seunmsg madridguy passingshot cilicmarin 1 Like |
| Re: Buhari Writes Senate Seek For Another 2.6 Billion Dollars Loan by Arda1000(m): 10:38am On Oct 10, 2018 |
Good news buhari till 2019,sai berber finish the zoo once and 4 all 1 Like |
| Re: Buhari Writes Senate Seek For Another 2.6 Billion Dollars Loan by Monimatic(m): 10:42am On Oct 10, 2018 |
Thunder fire Buhari and any zombie who still supports him 1 Share
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| Re: Buhari Writes Senate Seek For Another 2.6 Billion Dollars Loan by PassingShot(m): 10:43am On Oct 10, 2018 |
OlaAshawo:Go hang yourself, Athiefkulooter.  |
| Re: Buhari Writes Senate Seek For Another 2.6 Billion Dollars Loan by FarahAideed: 10:44am On Oct 10, 2018 |
PassingShot: You don't have shame 2 Likes |
| Re: Buhari Writes Senate Seek For Another 2.6 Billion Dollars Loan by Kingosytex(m): 10:44am On Oct 10, 2018 |
buhari has finally sold this country!! he is collecting his payments in installments |
| Re: Buhari Writes Senate Seek For Another 2.6 Billion Dollars Loan by Mynd44: 10:44am On Oct 10, 2018 |
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