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Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m (20402 Views)

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Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by TheRareGem1(f): 12:15pm On Sep 14
President Muhammadu Buhari is seeking the approval of the national assembly to borrow fresh sums of $4,054,476,863 and €710 million in an addendum to the 2018-2020 borrowing plan.

The president also asked the national assembly to approve grant components of $125 million.

The request was in a letter read by Senate President Ahmad Lawan on the floor of the upper legislative chamber on Tuesday.

In July, the national assembly approved the sums of $8.3 billion and €490 million loans contained in the initial 2018-2020 borrowing plan.

But in the letter, Buhari explained that owing to “emerging needs”, there is a need to raise more funds for some “critical projects”.

“I write on the above subject and submit the attached addendum to the proposed 2018-2020 external rolling borrowing plan for the consideration and concurrent approval of the senate for the same to become effective,” the commander-in-chief said.

“The distinguished senate president may recall that u submitted a request on 2018-2020 borrowing plan for the approval of the senate in May 2021.

“However, in view of other emerging needs and to ensure that all critical projects approved by FEC as of June 2021 are incorporated, I hereby forward an addendum to the proposed borrowing plan.

“The projects listed in the external borrowing plan are to be financed through sovereign loans from the World Bank, French Development Agency, EXIM Bank and IFAD in the total sum of $4,054,476,863 and €710 million and grant components of $125 million.”

The president said the loans, when obtained, will stimulate the economy and create jobs.

https://www.thecable.ng/breaking-buhari-seeks-nassemblys-approval-to-borrow-fresh-4bn-e710m/amp

4 Likes 3 Shares

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by Fahdiga(m): 12:16pm On Sep 14
Buhari is hell bent on destroying Nigeria beyond redemption and he is fast actualizing his evil wish. This present rubber stamp national assembly members are an aberration that has written their names in the book of infamy and should serve as a case study for future generations on the real meaning of the word USELESSNESS. All this borrowings without anything to show for it except more funds for Boko Haram and terrorist Fulanis

294 Likes 24 Shares

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by VeeVeeMyLuv(m): 12:19pm On Sep 14
To pay salaries

5 Likes 1 Share

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by Jollylolly(f): 12:27pm On Sep 14
Na wa o. It is well for my Country.

Seun Mynd44 Lalasticlala this deserve to be on the front page grin

1 Like

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by Tinubuadvocate: 12:32pm On Sep 14
I'm urging the leadership of national assembly to speed up this request so life can more bearable for the masses. God bless president Buhari.

12 Likes 6 Shares

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by donbachi(m): 12:33pm On Sep 14
"Addendum"... Unu adi du

3 Likes

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by yemmight(m): 12:37pm On Sep 14
This one na new one again? I am not sure if it is Buhari that is borrowing?

2 Likes 1 Share

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by Crowwejihadist: 12:38pm On Sep 14
grin

41 Likes 3 Shares

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by Olunmercy56(f): 12:40pm On Sep 14
cry cry cry cry cry cry cry cry cry

1 Like

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by otokx(m): 12:40pm On Sep 14
Must all stamp be made of rubber? I come in peace.

3 Likes

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by jasmine1600: 12:41pm On Sep 14
Uselessness of a Presidency. Money that will be sheared to his Fulani Terrorists brothers with code name “Bandits”.

48 Likes 1 Share

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by richmond500: 12:41pm On Sep 14
Na wa, we borrow and re-steal then borrow again. The cycle in Nigeria

8 Likes 2 Shares

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by Maxymilliano(m): 12:41pm On Sep 14
That is all he is good at, I pity who ever is taking over from the dullard of a Presidiot

24 Likes

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by AmuEbule: 12:42pm On Sep 14
One day this Buhari will mistakenly lend or borrow himself to another Country.
And that will be the best news for Nigeria and Nigerians. Na waoh lipsrsealed

15 Likes

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by Fourmatic: 12:42pm On Sep 14
I’m officially not a Nigerian anymore.

I’m glad to renounce this cursed citizenship!!!

Hurray!!!

50 Likes 1 Share

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by RoyalBoutique(m): 12:42pm On Sep 14
If Buhari dey use loan app, the loan company for don go bankrupt.

He go use all his family and friends to collect loan

When time to pay reach, they go threaten am tire.

Too much borrowing with no means of repayment.

62 Likes 6 Shares

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by EmperorTolson: 12:42pm On Sep 14
How can Buhari just be borrowing like this?
Is this man okay at all.
Abi which kind president be this?

Even at this present moment, I'm sure if Buhari contest as the SUG President of my Alma mater, he no go come close to winning.

33 Likes 1 Share

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by complexBoss12: 12:42pm On Sep 14
what can I say??

1 Like

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by Cmanforall: 12:42pm On Sep 14
grin
By the time Buhari's tenure ends, Abacha will turn to a saint

29 Likes 1 Share

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by ProfessorBerlin(m): 12:42pm On Sep 14
Nothing concern me
Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by TheDemola: 12:42pm On Sep 14
The rate at which this govt borrows ehn!

1 Like

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by deolurexy1(m): 12:42pm On Sep 14
Wahala
Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by AmuEbule: 12:42pm On Sep 14
Borrow Borrow Dullard.
As if he borrowed the trouser he wore in Imo State lipsrsealed

11 Likes

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by sanpipita(m): 12:42pm On Sep 14
All this borrowing is there a child he is paying school fees for?

5 Likes

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by venabili: 12:43pm On Sep 14
This is good. By 2023, China will either pack us to state farms in their country as slaves or worldbank auction our country. All the other borrowings have not stimulated anything, so why trying to provide explanation?
Last last, na rubber stamping

18 Likes 1 Share

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by Jonah507(m): 12:43pm On Sep 14
I pity the next president.


It will take a very long while to undo all the doings of this administration!

19 Likes 2 Shares

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by Giovanni2332(m): 12:43pm On Sep 14
Hahahahahah, Sai baba 2023 continuity in progress. Una never see anything. You guys is politics of revenge and hatred. Sai baba we love you daddy . Hope Yorubas buy fuel different price and exchange dollars different rate . Sai baba show Dem .

6 Likes 2 Shares

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by Annymichaelz(m): 12:44pm On Sep 14
Sinzu money, Babalowo� Tuale!!! No mate.

8 Likes 2 Shares

Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by Posjobe: 12:44pm On Sep 14
Really
Re: Buhari Seeks National Assembly’s Approval To Borrow Fresh $4bn, €710m by tolulope1990(m): 12:44pm On Sep 14
Must all rubber be stamped ?

3 Likes

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