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Buhari Seeks Senate Approval To Borrow #2.1 Trillion - Politics - Nairaland

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Buhari Seeks Senate Approval To Borrow #2.1 Trillion by warrior01: 5:32pm On Nov 18, 2015
By Henry Umoru & Joseph Erunke
ABUJA – – President Muhammadu Buhari, has sent a supplementary appropriation bill for the 2015 fiscal year to the Senate for approval.

The president, in a letter conveying his request, which was read Wednesday, during plenary, by the Senate President, Bukola Saraki, asked the Senate to grant his request to borrow the sum of N2.10 trillion to finance the budget.

He explained that the N882 billion loan earlier proposed by the past government to finance the budget had to be raised to N2.10 trillion, due to emerging realities in the country.

The source of the loan, according to the president, would be from both local and foreign.

Details coming- –


http://www.vanguardngr.com/2015/11/buhari-seeks-senate-approval-to-borrow-n2-10-trn/
Re: Buhari Seeks Senate Approval To Borrow #2.1 Trillion by warrior01: 5:37pm On Nov 18, 2015
I thought he said he will run the economy with the proceeds of corruption, el-Rufai was even regaling us with how people are returning their looted funds.6 months down the line, we are talking of borrowing a whopping 2.1 trillion. Where are we really headed to? The government is full of lies and deceit.
Re: Buhari Seeks Senate Approval To Borrow #2.1 Trillion by divinehand2003(m): 6:08pm On Nov 18, 2015
Bros, Nigeria is a land flowing with corruption and corrupt practices. Na God go deliver us ooo
Re: Buhari Seeks Senate Approval To Borrow #2.1 Trillion by psucc(m): 6:22pm On Nov 18, 2015
Eehee e don't start be that.

Just yesterday his vice Commissioner Osinbajo announced next year's budget of staggering N8tn and today the Minister President is borrowing N2tn.

Who is deceiving who here?
Re: Buhari Seeks Senate Approval To Borrow #2.1 Trillion by freez2ryme(m): 6:56pm On Nov 18, 2015
U re proposing a budget of 8 trillion, 2.1 trln will be used to pay unemployed and feed Nigeria students

You re now applying for a loan of 2.1 trln to finance a budget

Oga how do u intend to finance ur budget and service this loans?

When NOI said Nigeria is broke and we should not squander our ECT cos she foresees a tougher time ahead,
D likes of Oshomole, Amechi and co wanted to crucify her.
Luk @ our Economy today.

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