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Nairaland Forum / Nairaland / General / Politics / Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn (45782 Views)
Presidency Reacts To Planned Nationwide Protest On February 5th / Saraki Saves Buhari’s Proposal From Senate rejection / Senate Rejects Buhari’s Request To Borrow $30bn (2) (3) (4)
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Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by alawi5k: 7:55pm On Nov 01, 2016 |
ABUJA- FOR unanimously rejecting plans by President Muhammadu Buhari to engage in external borrowing of $29.960billion for execution of key infrastructural projects across the country between 2016 and 2018, the presidency said Tuesday, that it would provide the Senate with the needed information. www.vanguardngr.com/2016/11/presidency-reacts-to-senates-rejection-of-buharis-plan-to-borrow-30bn/ 7 Likes 2 Shares
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Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by Datsme: 7:59pm On Nov 01, 2016 |
May God save our nation 17 Likes |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by Justiyke4u: 8:02pm On Nov 01, 2016 |
How can one proposes mortgaging his country and expect everybody to accept it without any explanation 190 Likes 9 Shares |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by lielbree: 8:35pm On Nov 01, 2016 |
Thank God for the Senate! God punish the mallam daura cartel 204 Likes 8 Shares |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by AllTheWayUp: 8:35pm On Nov 01, 2016 |
[size=13pt] Reality setting in now. Senate told Buhari no borrowing . Go and use the recovered loot, if the recovered loot is not enough, recover more, if you need any law to help spend the recovered loot, like you already using the recovered buildings, send the Bill to National Assembly, and we will approve it effective immediately. Hahaha, why borrow $29.9bn when Diezani returned $90bn?[/size] Only zombies will keep on falling for Buhari and his cabals lies and propaganda, By tommorrow the Cabals will use EFCC and DSS to commence arrest of Prominent citizens and use it to distract Nigerians on the LOAN issue. That is how the Cabals operate,they use fake arrest without conviction to distract Nigerians from the lingering issues affecting the Nigeria Economy. 366 Likes 43 Shares
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Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by veekid(m): 8:35pm On Nov 01, 2016 |
Yeye 2 Likes 3 Shares |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by Uchere: 8:35pm On Nov 01, 2016 |
To do what in d first place 9 Likes |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by lielbree: 8:35pm On Nov 01, 2016 |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by Sibrah: 8:35pm On Nov 01, 2016 |
Uchere:To do what jonathan did with the debt he left us . . . AllTheWayUp:Please tell me, Was there no Abacha loot when Jonathan was busy borrowing? Keep the hate going pls . . . egbonnla:I thought some persons claimed the SE was excluded from the projects the loan was being prepared for. If the details of the loan isn't known, how did the SE conclude that the projects doesn't include them? Maybe the govt should prepare a Bill of Quantity (BoQ) detailing things like cements, nail, gravel and labour for the wailing senate. 25 Likes 6 Shares |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by ghettowriter(m): 8:35pm On Nov 01, 2016 |
#IStandWithSenate. 153 Likes 12 Shares |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by ibietela2(m): 8:35pm On Nov 01, 2016 |
K |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by Sibrah: 8:36pm On Nov 01, 2016 |
ephi123:Was there no "next generation" when Jonathan was borrowing with high oil prices? saint047:You have a point man . . . But then Buhari is still a far better option to the agbada-men in power today. obailala:Same People who know that conviction takes place in court but don't seem to know that returned loot has to be cleared in court. 12 Likes 4 Shares |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by biaframustcome: 8:36pm On Nov 01, 2016 |
Buhari want to borrow money, the question is where is the economic plan, where is the blueprint? 83 Likes 5 Shares |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by ephi123(f): 8:37pm On Nov 01, 2016 |
Justiyke4u: Thank you. Meanwhile how old is Buhari? Dude has nothing to lose. It's the next generation that will be saddled with needless debt which we can't see anything done with. 89 Likes 8 Shares |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by Neimar: 8:37pm On Nov 01, 2016 |
Bleep dem hard bro |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by ELPablochapo: 8:37pm On Nov 01, 2016 |
uwa |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by ehissi(m): 8:37pm On Nov 01, 2016 |
This is my analysis from a previous thread The current Budget is #6.07trillion, you say you have a deficit of #2.2trillion - meaning, you have no idea how or you do not have the means to generate #2.2trillion. Then you send a request to borrow $29.9billion - which is #9.06trillion at official rate Ooh, parallel market rate is over #14trillion - meanwhile there is no clear economic blueprint available to describe in detail how the cash will be utilised to get us out of this economic turbulance and you are expecting sane human beings to approve such foolishness...... If all you are looking for is #2.2trillion why borrow #9.06trillion?? After all, you told the world that you have recovered #3.64trillion from looters, what are you looking for loan for? Meanwhile, his mumu minister of communications is asking for $550million to put a Satellite - abi na flash-drive - in Space for data storage. In my own opinion, Its this type of wastages, that they want to use to pay gbese for 2015 elections and recent elections in edo as well as upcoming elctions in ondo that they want to use a significant portion of that money for. And I am happy it wasn't approved. Except it is a lie, they should use the #3.64triilion recovered to fund budgetary deficit....... I am not even talking about the monies that they claimed to have allegedly saved in billions from removing subsidy and from TSA and other things that Lai Mohammed, Amaechi and Vice President "Osunbade" have been presenting as facts to the media. Does anyone even realise that the $29.9billion is even higher than our foreign reserves?? Nonsense and Ingredient.......... Plus!! The story on ground is that 2016 budget has hit 79% implementation. That #4.79trillion. So what we need for 2016 is about #1.27trillion. Why borrow #9.06trillion?? The numbers don't add up. Buhari is hiding something. And why hasn't the auditor -general of the federation been appointed?? These people want to do abracadabra again Ooooo:!! 199 Likes 23 Shares |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by omoolorire(m): 8:37pm On Nov 01, 2016 |
Hmmmm |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by Fada2000(f): 8:37pm On Nov 01, 2016 |
Another distraction, waiting for part 2 8 Likes |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by legendte(m): 8:37pm On Nov 01, 2016 |
Arrest go soon start 22 Likes 1 Share |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by candidbabe(f): 8:38pm On Nov 01, 2016 |
Buhari will never know peace through out the remaining days of his life in Jesus name amen. #istandwiththesenate# 82 Likes 11 Shares |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by Nobody: 8:38pm On Nov 01, 2016 |
1 Like 1 Share |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by yakamata(m): 8:38pm On Nov 01, 2016 |
eya may God help our nation 2 Likes |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by ebenezerdaniel(m): 8:39pm On Nov 01, 2016 |
Abeg am hungry 3 Likes |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by saint047(m): 8:39pm On Nov 01, 2016 |
Nigeria was destroyed by the class of '66 to which Obasanjo, IBB, Abacha, Danjuma and Buhari belong. It's futile expecting them to repair it 53 Likes 4 Shares |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by kikio1992(m): 8:40pm On Nov 01, 2016 |
Am just wondering why he would want to borrow without giving details...haba...it seems awkward to me...and I wonder y the FG needs to borrow after all the loots recovered in the MEDIA Well by the way Linda Ikeji released the anticipated LIS today...and it is a social network.. Follow the link below for details on all you need to know about Linda Ikeji Social...also a brief review http://www.kikiotolu.com/2016/11/linda-ikeji-social-all-you-need-to-know.html Am suspecting Buhari would soon begin molesting some senators soon... 9 Likes 1 Share |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by Bossontop(m): 8:40pm On Nov 01, 2016 |
.... 4 Likes 1 Share
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Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by ojun50(m): 8:40pm On Nov 01, 2016 |
Frm nairaland we are nt in support too, d looted so far use them. We no need infrusture now na make food item come down first. 7 Likes 1 Share |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by freeze001(f): 8:41pm On Nov 01, 2016 |
Kai! Were they expecting the Senate to just approve in principle as per integrity come calling abi wetin? The so called details and documents aren't even ready, they are still gathering and collating so how did they arrive at that figure in the first place? God! The Most High and Excellent God! Please strike dead all those that refuse to explore all innovative and domestic solutions galvanised by good policies before attempting to mortgage Nigeria with external borrowings! Strike them all dead and let wild beasts feed on their carcasses! 43 Likes 3 Shares |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by uwagimboo: 8:41pm On Nov 01, 2016 |
Once Buhari share money now, the senate would be the ones begging to borrow... But come to think of it, all those the DSS nd EFCC re arresting, nah bag of rice them dey recover 10 dirty politicians loot would surpass that loan amount, why not actually recover the loots instead of the media recovery... 18 Likes 4 Shares |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by blackdream: 8:41pm On Nov 01, 2016 |
Africa debt crisis! Buhari you will not mortgage the future of Richmond, my unborn son 27 Likes 2 Shares |
Re: Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn by basadenet: 8:41pm On Nov 01, 2016 |
Instead of him to dialogue with the Niger Deltans so that supply can increase and revenue increase also. And To be sincere $30 billion is too much to borrow in a time like this viz a viz falling value of Naira. 20 Likes 1 Share |
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