₦airaland Forum

http://www.nigerianmetronews.com/2016/04/when-will-president-buhari-visit-nigeria.html

President Muhammadu Buhari will be jetting off to China this Sunday. His mission this time around is to secure loan that will be injected into Nigeria’s physical infrastructure. The loan, which is worth about $2 billion, comes with negligible interest rate.

Speaking through his special assistant on media and publicity, the president evaded questions regarding the exact amount of the loan stating that: “I can’t tell you how much until the day the loan will be signed. Both countries will also be signing some bilateral agreements to strengthen their relationship; that is all I can say for now.

When will President Buhari visit Nigeria?
Kenneth Adamu


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President Muhammadu Buhari will be jetting off to China this Sunday. His mission this time around is to secure loan that will be injected into Nigeria’s physical infrastructure. The loan, which is worth about $2 billion, comes with negligible interest rate.


Speaking through his special assistant on media and publicity, the president evaded questions regarding the exact amount of the loan stating that: “I can’t tell you how much until the day the loan will be signed. Both countries will also be signing some bilateral agreements to strengthen their relationship; that is all I can say for now.



“We looked at our debt profile and we recognized that one big problem is interest rate. So, we are going to try and borrow as far as possible externally. We are borrowing at the cheapest rates. So, multilateral loans are the cheapest. If someone offers me 1.5 per cent over 20 years, I think I should take it. That is why we are going to the multilateral agencies first and, thereafter, concessional borrowing and also tap into the Eurobond market,” the minister had said at a KPMG forum in Lagos.

The finance minister, Kemi Adeosun, is slated to accompany the President on this trip to sign the bilateral agreement. Two months ago, the federal government had hinted it would seek for loans up to the tune of $5 billion dollars. According to President Muhammadu Buhari, the money will be used to cover part of our budget deficit.

Spokesperson for the Chinese foreign ministry confirmed President Buhari’s state visit. The question most Nigerians are asking is what exactly is the benefit of Buhari’s numerous travels? One angry commentator asked, when will Buhari visit Nigeria? He’s been visiting all other countries.

Op cry us a river. No go find something better to do with ur life,they there dey blame Buhari. Mtcheww.

Buhari is v goood,....
































For nothing reallly!

Nigeria will have to import Buhari as it does fuel.
May be, he will have to be domesticated.

mcee1:
Op cry us a river. No go find something better to do with ur life,they there dey blame Buhari. Mtcheww.

have you found better things to do with your own life as you are now moving to Kuje prison at https://www.nairaland.com/2961400/ . you are alone started the thread and kept on replying rubbish