Senate Rejects Buhari’s Request To Borrow $30bn - Politics

Senate Rejects Buhari’s Request To Borrow $30bn - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Senate Rejects Buhari’s Request To Borrow $30bn (30988 Views)

Senate Rejects Buhari’s Request To Borrow $30bn by DONSMITH123(op): 11:26am On Nov 01, 2016

The hope of President Muhammadu Buhari for external borrowing was on Tuesday dashed as the Senate overwhelmingly voted against his request to do.

President Buhari had last week written to the Senate, requesting for the approval to borrow about $30bn as 2016 – 2018 External Borrowing Rolling Plan.

However, when the matter came up for deliberation and was moved by the Senate Leader, Ali Ndume, the senator representing Kogi West, Senator Dino Melaye indicated to lead a debate on the matter, but was turned down by the Senate President, Bukola Saraki.

It was later subjected to a voice vote, at the end of which the ‘Nays’ turned out the loudest vote.

http://dailypost.ng/2016/11/01/breaking-senate-throws-buharis-request-borrow-30bn/

29 Likes 5 Shares

Re: Senate Rejects Buhari’s Request To Borrow $30bn by stephnie1(f): 11:28am On Nov 01, 2016

hmmm

Re: Senate Rejects Buhari’s Request To Borrow $30bn by SweetLove0(f): 11:29am On Nov 01, 2016

dubious law breakers.

7 Likes 3 Shares

Re: Senate Rejects Buhari’s Request To Borrow $30bn by udumosam23(m): 11:29am On Nov 01, 2016

What?

Re: Senate Rejects Buhari’s Request To Borrow $30bn by DONSMITH123(op): 11:29am On Nov 01, 2016

SweetLove0:
dubious law breakers.

hian. E pain u?

196 Likes 14 Shares

Re: Senate Rejects Buhari’s Request To Borrow $30bn by truefact: 11:31am On Nov 01, 2016

Very good.

APC is evil, but baboon is surrounded by demons

148 Likes 4 Shares

Re: Senate Rejects Buhari’s Request To Borrow $30bn by Izonpikin: 11:32am On Nov 01, 2016

Wahala dey ooo...so without oil we can't generate massive revenue as a country huh

Shame no dey catch Nigeria huh

69 Likes 3 Shares

Re: Senate Rejects Buhari’s Request To Borrow $30bn by Nobody: 11:33am On Nov 01, 2016

SE Nigeria will be rejoicing over this kind of news.

Foooooolish President in Chief.

132 Likes 6 Shares

Re: Senate Rejects Buhari’s Request To Borrow $30bn by Clerverly: 11:33am On Nov 01, 2016

No problem

Re: Senate Rejects Buhari’s Request To Borrow $30bn by seunmsg(m): 11:33am On Nov 01, 2016

They did not even debate it before throwing it out. Not a good development. Throwing the entire proposal away is not the best. We need some of the projects that were proposed in the loan proposal. They should have debated the proposal and approve some even if they won't approve all.

22 Likes 5 Shares

Re: Senate Rejects Buhari’s Request To Borrow $30bn by DONSMITH123(op): 11:34am On Nov 01, 2016

seunmsg:
They did not even debate it before throwing it out. Not a good development. Throwing the entire proposal away is not the best. We need some of the projects that were proposed in the loan proposal. They should have debated the proposal and approve some even if they won't approve all.

i think they are up to sumthing. the true picture will soon come out

17 Likes 2 Shares

Re: Senate Rejects Buhari’s Request To Borrow $30bn by Izonpikin: 11:36am On Nov 01, 2016

truefact:
Very good.

APC is evil, but baboon is a surrounded by demons

what are you saying??.... grin

5 Likes

Re: Senate Rejects Buhari’s Request To Borrow $30bn by Nobody: 11:36am On Nov 01, 2016

seunmsg:
They did not even debate it before throwing it out. Not a good development. Throwing the entire proposal away is not the best. We need some of the projects that were proposed in the loan proposal. They should have debated the proposal and approve some even if they won't approve all.

How can you borrow a heavy Loan for infrastructural development, how will that revamp our dead economy or alleviate suffering in the Land?

Buhari should focus on diversification of the economy and exodusing us out of this misery instead of taking Loans to construct railtracks from Daura to LA.

168 Likes 8 Shares

Re: Senate Rejects Buhari’s Request To Borrow $30bn by OsusuMustFlow(f): 11:37am On Nov 01, 2016

na wao

Re: Senate Rejects Buhari’s Request To Borrow $30bn by OsusuMustFlow(f): 11:37am On Nov 01, 2016

DONSMITH123:
i think they are up to sumthing. the true picture will soon come out

i think so

Re: Senate Rejects Buhari’s Request To Borrow $30bn by OsusuMustFlow(f): 11:38am On Nov 01, 2016

seunmsg:
They did not even debate it before throwing it out. Not a good development. Throwing the entire proposal away is not the best. We need some of the projects that were proposed in the loan proposal. They should have debated the proposal and approve some even if they won't approve all.

that money is too much

48 Likes

Re: Senate Rejects Buhari’s Request To Borrow $30bn by OsusuMustFlow(f): 11:38am On Nov 01, 2016

Izonpikin:
Wahala dey ooo...so without oil we can't generate massive revenue as a country

Shame no dey catch Nigeria

2 Likes

Re: Senate Rejects Buhari’s Request To Borrow $30bn by seunmsg(m): 11:39am On Nov 01, 2016

Largas:
How can you borrow a heavy Loan for infrastructural development, how will that revamp our dead economy or alleviate suffering in the Land?

Buhari should focus on diversification of the economy and exodusing us out of this misery instead of taking Loans to construct railtracks from Daura to LA.

You want to diversify the economy without building key infrastructure like power and good rail network right? My friend, you don't know what you are saying. The infrastructures proposed in the loan plan is key to diversification of the economy.

55 Likes 4 Shares

Re: Senate Rejects Buhari’s Request To Borrow $30bn by DONSMITH123(op): 11:42am On Nov 01, 2016

seunmsg:
You want to diversify the economy without building key infrastructure like power and good rail network right? My friend, you don't know what you are saying. The infrastructures proposed in the loan plan is key to diversification of the economy.

With due respect my brother, since the inception of this government. We have heard enough on the diversification of economy. Tell me what they've achieved on it.

They need to wake up before it'll be too late.

91 Likes 3 Shares

Re: Senate Rejects Buhari’s Request To Borrow $30bn by Nobody: 11:42am On Nov 01, 2016

Now that's victory for democracy!

That's how separation of power should work

There should be checks and balances

What Nigeria needs is not more borrowing, what we need is a cut in the cost of government!

135 Likes 11 Shares

Re: Senate Rejects Buhari’s Request To Borrow $30bn by DONSMITH123(op): 11:43am On Nov 01, 2016

Largas:
SE Nigeria will be rejoicing over this kind of news.

Foooooolish President in Chief.

1 Like

Re: Senate Rejects Buhari’s Request To Borrow $30bn by DONSMITH123(op): 11:44am On Nov 01, 2016

truefact:
Very good.

APC is evil, but baboon is a surrounded by demons

easy bro. No do make they finish you today o

Re: Senate Rejects Buhari’s Request To Borrow $30bn by Nobody: 11:45am On Nov 01, 2016

But where is lalasticlala sef...

- Sell NLNG and others, you no sell.
- Use recovered loot, you no use.

Abeg, Buhari resign make Aisha take over, she would do better than this grin

Useless government.. grin

The next steps is to use EFCC to scatter the national assembly grin

120 Likes 11 Shares

Re: Senate Rejects Buhari’s Request To Borrow $30bn by clefstone(m): 11:46am On Nov 01, 2016

Anything to frustrate buhari is allowed until he suffers the pain GEJ suffered when he was an opposition

76 Likes 2 Shares

Re: Senate Rejects Buhari’s Request To Borrow $30bn by omofunaab(m): 11:46am On Nov 01, 2016

They should have at least debated it

3 Likes

Re: Senate Rejects Buhari’s Request To Borrow $30bn by OsusuMustFlow(f): 11:46am On Nov 01, 2016

krendo:
Now that's victory for democracy!

That's how separation of power should work

There should be checks and balances

What Nigeria needs is not more borrowing, what we need is a cut in the cost of government!

Baba, will be like- What i do?

3 Likes

Re: Senate Rejects Buhari’s Request To Borrow $30bn by OsusuMustFlow(f): 11:47am On Nov 01, 2016

omofunaab:
No debate on it

am happy this is happening for the first time. grin

31 Likes 3 Shares

Re: Senate Rejects Buhari’s Request To Borrow $30bn by seunmsg(m): 11:48am On Nov 01, 2016

DONSMITH123:
With due respect my brother, since the inception of this government. We have heard enough on the diversification of economy. Tell me what they've achieved on it.

They need to wake up before it'll be too late.

You cannot diversify the economy under 17 months in a period of very low oil earnings. Diversification can only happen over a long period of time and provision of key infrastructures is key to diversification.

32 Likes 1 Share

Re: Senate Rejects Buhari’s Request To Borrow $30bn by obailala(m): 11:48am On Nov 01, 2016

One would have loved to see at least the Mambilla project come to life. But throwing out a proposal 100% without even a debate?.. Okay

9 Likes 1 Share

Re: Senate Rejects Buhari’s Request To Borrow $30bn by SweetLove0(f): 11:49am On Nov 01, 2016

DONSMITH123:
hian. E pain u?

no sir.

Re: Senate Rejects Buhari’s Request To Borrow $30bn by Ekejoestar(m): 11:49am On Nov 01, 2016

Bubu is in trouble or Nigeria is in trouble?

6 Likes

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