Can The President Unilaterally Borrow Money Without The Approval Of NASS. - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / Can The President Unilaterally Borrow Money Without The Approval Of NASS. (547 Views)
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| Can The President Unilaterally Borrow Money Without The Approval Of NASS. by Nobody: 10:41am On Apr 12, 2016 |
Greetings Nairalanders, First and foremost, I'm neither PDP nor APC. We all know our president has jetted out to China, part of which is to go borrow money($2b). Pls is the president not subjected to the approval from NASS before borrowing the money? How wide has the president consult before going ahead to borrow? Is this money an interest free loan? In my opinion, I think there are wealthy Nigerians that can borrow this country money without interest even up to five years, then we pay gradually. Is it bad to borrow from them? Or is it unconstitutional. Pardon my ignorance I just want to know. Thanks |
| Re: Can The President Unilaterally Borrow Money Without The Approval Of NASS. by omowolewa: 11:13am On Apr 12, 2016 |
Yes, he can't. |
| Re: Can The President Unilaterally Borrow Money Without The Approval Of NASS. by Pidggin(f): 11:18am On Apr 12, 2016 |
Rightfully, the answer is NO, but Buhari does not understand this. |
| Re: Can The President Unilaterally Borrow Money Without The Approval Of NASS. by Nobody: 11:19am On Apr 12, 2016 |
Yes he can if he is still a Dictator  |
| Re: Can The President Unilaterally Borrow Money Without The Approval Of NASS. by enlightenedmind: 12:52pm On Apr 12, 2016 |
No he actually can't but unfortunately nobody trusts NASS so we r fine with it. Intact I prefer he excludes all of dem from money matters as they r greedy. |
| Re: Can The President Unilaterally Borrow Money Without The Approval Of NASS. by YouthsPC0: 1:49pm On Apr 12, 2016 |
I think it was captured in the medium term expenditure framework MTEF approved by NASS |
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