Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,775,413 members, 6,611,514 topics. Date: Wednesday, 01 December 2021 at 11:52 AM

Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick (32728 Views)

FCC: Reps Kick Against Buhari’s Appointment Of 2 Northerners As Chairman, Secret / Buhari’s $22.7 Billion Loan Spending Plan: $1.25bn For Abuja Rail, $500m For NTA / Senator Abaribe Confronts Lawan On $22.7 Billion Loan Approval For Buhari (Video (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (Reply) (Go Down)

Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by maupe: 4:38pm On Jun 02, 2020
The House of Representatives on Tuesday approved President Muhammadu Buhari’s request to take $22.7 billion in foreign loans.

The House approved the request after it considered the report of its committee on aids, loans and debt management.

President Buhari had said in 2019 that the loan was intended to fund key infrastructure in the country.

The Senate had earlier given its nod to the request in March. Lawmakers at the House of Representatives had earlier kicked against the bill, forcing debates to be suspended.

The lawmakers, especially those of the south-east caucus, complained about the government’s failure to include projects in the region amongst those to be financed from the loan.


However, following debates that were accompanied by pleas from House Speaker Femi Gbajabiamila, the loan proposal has now been approved.

Last month, both Houses
approved an ₦850 billion loan proposal from the president, which is to be sourced from domestic markets “to fund critical capital projects in the 2020 budget.”

Last week, Mr Buhari also wrote to both chambers, seeking the approval of another $5.513 billion foreign loans.

Nigeria’s rising debt profile, as of September 30, 2019, was ₦26.2 trillion. Of this amount, total domestic debts is about ₦18 trillion, or 68.45 per cent. About ₦8 trillion are owed to foreign lenders.

https://www.premiumtimesng.com/news/headlines/395758-just-in-reps-approve-buharis-22-7-billion-loan-request.html

3 Likes 1 Share

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by Golan007: 4:41pm On Jun 02, 2020
In 2 years they would be asking for railway as they did in 2016.

28 Likes 1 Share

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by Ogbuu101: 4:42pm On Jun 02, 2020
When the history of this country will be written,the SE will hold their head up high as the ppl who did their best to resist the worst govt ever and who were not among the govt that turned d 3rd fastest growing economy to d poverty capital of the world in less than 4yrs.

575 Likes 58 Shares

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by Macphenson: 4:44pm On Jun 02, 2020
Buhari has vowed that he must wreck Nigeria before he leaves by 2023.

The annoying part of it is that he is finding useful idiots like Femi Gbajiabiamila and Ahmed Lawan to perpetuate his evil act .

Shouldn't they have ask him to account for all the money he has borrowed so far?

Which projects have they gone into?

They keep approving him borrowing away the future of generations yet unborn.

Have they really asked him to show us how these loans will be repaid?

He fully implemented TSA, increased custom duty, introduced POS charges, stamp duty , increased VAT to 7.5,.

What is Buhari doing with all these money, ?


Buhari is a disaster and a virus more disasterous than Corona..

Buhari is not qualified to be a Whatsapp administrator yet Tinibu because of his selfish reason foisted him on hapless Nigerians.

298 Likes 25 Shares

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by Yooruba1914: 4:44pm On Jun 02, 2020
Buhari is the biggest fraud in the history of humanity. Even dictor abacha no worst like this.

280 Likes 23 Shares

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by PowerOfLove: 4:46pm On Jun 02, 2020
Ok
Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by Esseite: 4:54pm On Jun 02, 2020
There is no SE project sited on that loan schedule...

41 Likes 6 Shares

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by BeLookingIDIOT(m): 4:58pm On Jun 02, 2020
Ogbuu101:
When the history of this country will be written,the SE will hold their head up high as the ppl who did their best to resist the worst govt ever and who were not among the govt that turned d 3rd fastest growing economy to d poverty capital of the world in less than 4yrs.
Explain how he turned the so-called 3rd fastest growing economy to whatever in 4yrs?

16 Likes 2 Shares

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by nero2face: 4:59pm On Jun 02, 2020
Golan007:
In 2 years they would be asking for railway as they did in 2016.
so they should borrow to build a railway for u?, some of Buhari's supporters are just stupid and foolish

208 Likes 17 Shares

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by Golan007: 5:02pm On Jun 02, 2020
nero2face:
so they should borrow to build a railway for u?, some of Buhari's supporters are just stupid and foolish

Don't be stupid.

You would continue to repeat the cycle of continuing to resist loans then come around to ask for yours.

I've never met people as dumb .

11 Likes 2 Shares

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by Golan007: 5:03pm On Jun 02, 2020
Esseite:


Is there any project in the East sited on that loan schedule?..

You are quoting yourself?

1 Like 2 Shares

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by Earlystar698(m): 5:03pm On Jun 02, 2020
I don't want the FG to include SE because we are not part of this shithole country

24 Likes 2 Shares

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by Esseite: 5:06pm On Jun 02, 2020
Golan007:


You are quoting yourself?

You should have just said you were brain dead to answer such..

24 Likes 3 Shares

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by JAMO84: 5:07pm On Jun 02, 2020
I wouldn't support this loan if this government have at least, 80 percent of the revenue the previous government had.


Add all the recoveries, loans and taxes, Buhari would still be at least 200 billion dollars behind Jonathan.


If oil was selling at seventy dollars and a certain government was taking billions of loans to pay salaries, is it now that it's 30 dollars that we shouldn't take loans? Will Buhari pay for all these gigantic projects with his military pension?


Please, anyone that cannot counter these with facts should not quote me, my mood is so bad I could curse anyone who mention me with shallow logic.

21 Likes 4 Shares

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by Ogonimilitant(m): 5:08pm On Jun 02, 2020
The reason why Biafra must come. the other regions approved this injustice.
God Bless Mazi Nnamdi Kanu.

Any Easterner who still talk About One Nigeria must get his head examined

92 Likes 10 Shares

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by Golan007: 5:09pm On Jun 02, 2020
Ogonimilitant:
The reason why Biafra must come

They should go.

5 Likes 2 Shares

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by Afamed: 5:13pm On Jun 02, 2020
Ogbuu101:
When the history of this country will be written,the SE will hold their head up high as the ppl who did their best to resist the worst govt ever and who were not among the govt that turned d 3rd fastest growing economy to d poverty capital of the world in less than 4yrs.
The SE didn't resist the previous govt when crude was above $110 and same govt was borrowing to pay salary?
PMB is borrowing to put more infrastructures in place not borrowing to pay Salary even when crude is now$30 par barrel
US as of today has borrowed up till $24.7trillion
The hypocrite in you.

24 Likes 4 Shares

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by GodPunishBiafra: 5:21pm On Jun 02, 2020
Lol!
Borrow-loot-president

Useless country!

COST OF PRODUCTION OF OIL BY COUNTRY per barrel.

> RUSSIA $3
>SAUDI ARABIA 4$
>ANGOLA (our neighbor) 8$


>NIGERIA $21

35 Likes 4 Shares

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by DModeCntStopMe: 5:21pm On Jun 02, 2020
shocked

The only job the NASS has been doing diligently is receiving loan requests from buhari and approving same without due scrutiny and proper laid down procedure.

The day of reckoning shall one day come.

Well, I never took buhari as my president. Never!

28 Likes

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by softplace: 5:21pm On Jun 02, 2020
hope this man wont borrow t

2 Likes

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by Jakemedg(m): 5:21pm On Jun 02, 2020
Okay
Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by sammsimm(m): 5:22pm On Jun 02, 2020
South east reps opinions are inconsequential... Buhari and his disciples are ready to sell Nigeria

10 Likes

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by EdiskyHarry: 5:22pm On Jun 02, 2020
It's Niger delta oil that will suffer the most. Niger delta wake up, very soon the whole vegetation of Niger delta will be destroyed as a result of oil activities.

10 Likes 1 Share

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by GboyegaD(m): 5:23pm On Jun 02, 2020
The burden on the many coming generations is unfair. Do we truly need these loans?

4 Likes 1 Share

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by lyriclekidd(m): 5:23pm On Jun 02, 2020
Dy done start
Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by kokakola: 5:23pm On Jun 02, 2020
The highest hierarchy of power in our dear nation are getting it all wrong on a daily basis. There's no performance, no direction, no connection with the masses, there's serious lopsidedness in all areas of governance and above all, 98% of "their" policies are dangerous to our dear nation.

3 Likes 1 Share

Re: Reps Approve Buhari’s $22.7 Billion Loan Request. South East Reps Kick by IMASTEX: 5:23pm On Jun 02, 2020
Sold

2 Likes 1 Share

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (Reply)

Deportation Of Igbos From Lagos: Senator Ngige Speaks / The State Of Nigeria Under President Buhari / Kachikwu Keeps Mum After Meeting With Buhari

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 202
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.