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Senate Approves $500m Loan For Metering Nigerians - Politics - Nairaland

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Senate Approves $500m Loan For Metering Nigerians by nlfpmod: 4:09pm On May 15
The Senate has just approved a $500 million loan request by the Federal Government.

The money will be used by the Bureau of Public Enterprises for “metering Nigerians” for the supply of electricity to their homes.

According to the Ministry of Power, over 92 million Nigerians have yet to be metered.

https://tribuneonlineng.com/just-in-senate-approves-500m-loan-for-metering-nigerians/

6 Likes

Re: Senate Approves $500m Loan For Metering Nigerians by vanbonattel: 4:09pm On May 15
$500,000,000 dollars for providing just meters to Nigerian homes, OLOSHI !

Go and mark this thread, the meters will never go round, the money used cannot exceed $1million dollars, the rest will varnish like all the money looted from Lagos and all the SW states suffering godfather looting.

96 Likes 14 Shares

Re: Senate Approves $500m Loan For Metering Nigerians by Simeony007(m): 4:10pm On May 15
Topic should be "Senate approved $500 million for embezzlement"

134 Likes 16 Shares

Re: Senate Approves $500m Loan For Metering Nigerians by Offpoint1: 4:10pm On May 15
grin Only 30% will be use for the purpose, the rest goes to` grin grin

If APC still wins Next Election...Then some Nigerians are irredeemable till thy kingdom come.

46 Likes 2 Shares

Re: Senate Approves $500m Loan For Metering Nigerians by BossGerald: 4:11pm On May 15
Lol

Something that will be looted and toothless EFCC will be on twitter capping rubbish.

Adelabu go carry am buy rice share him village people and pocket the rest😂


Like adelabu like beta edu

LegendHero:
The main thing is for it to get to the final consumer for the intended benefit.

You will still be here to defend them... BATeria

32 Likes 4 Shares

Re: Senate Approves $500m Loan For Metering Nigerians by Ogonimilitant(m): 4:11pm On May 15
Alooter continua.

22 Likes

Re: Senate Approves $500m Loan For Metering Nigerians by Gbadugbakun(m): 4:11pm On May 15
How people still support and defend this criminal government is still what baffles me

34 Likes

Re: Senate Approves $500m Loan For Metering Nigerians by donsheddy1(m): 4:11pm On May 15
Rubbish

1 Like

Re: Senate Approves $500m Loan For Metering Nigerians by NeckingNgulping(m): 4:11pm On May 15
Money that will end in pockets of politicians. It can never meet the purpose for which it is meant.

Do we still have to keep taking loans that will plunge the nation further down its debt abyss?

Divide this country now.

2 Likes 1 Share

Re: Senate Approves $500m Loan For Metering Nigerians by LegendHero(m): 4:12pm On May 15
The main thing is for it to get to the final consumer for the intended benefit.

If it will indeed translate to metering Nigeria to a realizable percentage, it’s a good deal.

But if they’ll embezzle it and we start hearing another story, then it’s like moving round in circles. The government at this stage can’t afford to do any failed interventions.

34 Likes 2 Shares

Re: Senate Approves $500m Loan For Metering Nigerians by Matheusmartin: 4:12pm On May 15
...

Tinubu and his cronies wan use looting kill themselves

Chaii.. grin

6 Likes

Re: Senate Approves $500m Loan For Metering Nigerians by Mitsurugi(m): 4:12pm On May 15
undecided So we can't even build that?

2 Likes

Re: Senate Approves $500m Loan For Metering Nigerians by elasticlala: 4:12pm On May 15
Endless borrowing…. & later look for one thing more to tax the poor masses on, in order to pay back. Daytime impunity

1 Like

Re: Senate Approves $500m Loan For Metering Nigerians by WinkWrld: 4:12pm On May 15
Can't our Engineers make the meters here in Nigeria. 500million dollars can set up a meter manufacturing company
SCAM

26 Likes

Re: Senate Approves $500m Loan For Metering Nigerians by id4sho(m): 4:12pm On May 15
Baba must chop tongue

1 Like 1 Share

Re: Senate Approves $500m Loan For Metering Nigerians by patoballistic: 4:13pm On May 15
These meters are not free, so why borrow money for meters that the users are buying with money?

This Senate is doing wonders.

20 Likes

Re: Senate Approves $500m Loan For Metering Nigerians by Mitsurugi(m): 4:13pm On May 15
WinkWrld:
Can't our Engineers make the meters here in Nigeria. 500million dollars can set up a meter manufacturing company

Same question I asked o.

6 Likes

Re: Senate Approves $500m Loan For Metering Nigerians by Ogbodavies(m): 4:13pm On May 15
where the savings from fuel subsidy removal

2 Likes

Re: Senate Approves $500m Loan For Metering Nigerians by 1Alex: 4:13pm On May 15
vanbonattel:
$500,000,000 dollars for providing just meters to Nigerian homes, OLOSHI !

Go and mark this thread, the meters will never go round, the money used cannot exceed $1million dollars, the rest will varnish like all the money looted from Lagos and all the SW states suffering godfather looting.
this meter is manufactured in Nigeria ooo

4 Likes

Re: Senate Approves $500m Loan For Metering Nigerians by vastolord4(m): 4:13pm On May 15
Just imagine the amount for just metering
Re: Senate Approves $500m Loan For Metering Nigerians by Nyne: 4:14pm On May 15
A country with crude oil doesn’t have $500m ?
Re: Senate Approves $500m Loan For Metering Nigerians by DMerciful(m): 4:14pm On May 15
Where is the money saved from petrol subsidy removal?

Where is the money saved for not defending the naira?

Tinubu, the master strategist with no strategy

2 Likes

Re: Senate Approves $500m Loan For Metering Nigerians by cornelman: 4:14pm On May 15
Let's hope the government can follow through on this and not make it an audio project as usual. It will go a long way in enforcing billing integrity on discos and push discos to identify points of energy theft.

But also, tariff of other bands are likely to increase if all customers are metered.
However, the most important thing is to make electricity supply available for businesses and people.
Re: Senate Approves $500m Loan For Metering Nigerians by MaryWilbur: 4:14pm On May 15
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1 Like

Re: Senate Approves $500m Loan For Metering Nigerians by Racoon(m): 4:15pm On May 15
Another looting means opened. Any loan or borrowed money is always looted by these crooks.

1 Like

Re: Senate Approves $500m Loan For Metering Nigerians by ibechris(m): 4:15pm On May 15
Adelabu won't see 500million from that money.





BossGerald:

Lol

Something that will be looted and toothless EFCC will be on twitter capping rubbish.

Adelabu go carry am buy rice share him village people and pocket the rest😂


Like adelabu like beta edu
Re: Senate Approves $500m Loan For Metering Nigerians by IbrahimSkiba(f): 4:16pm On May 15
vanbonattel:
$500,000,000 dollars for providing just meters to Nigerian homes, OLOSHI !

Go and mark this thread, the meters will never go round, the money used cannot exceed $1million dollars, the rest will varnish like all the money looted from Lagos and all the SW states suffering godfather looting.



The oloshiiii off me grin
Re: Senate Approves $500m Loan For Metering Nigerians by Hezmatosky: 4:16pm On May 15
I hope it's BVAS won't stop working afterwards
Re: Senate Approves $500m Loan For Metering Nigerians by Justine5(m): 4:16pm On May 15
Half of the money will be gone I assure you.. Nigerian greedy politicians
Re: Senate Approves $500m Loan For Metering Nigerians by IbrahimSkiba(f): 4:16pm On May 15
Anything to loot and milk Nigeria dry, this useless polithiefcians will do it

1 Like

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