Senate Approves Buhari’s Request To Raise Fresh N850bn Loan - Politics

Senate Approves Buhari’s Request To Raise Fresh N850bn Loan - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Senate Approves Buhari’s Request To Raise Fresh N850bn Loan (24072 Views)

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Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by References(op): 12:55pm On Apr 28, 2020

BREAKING! 2020 Budget: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan

President Muhammadu Buhari has asked the Senate to approve his request to secure a fresh loan of N850 billion to fund some projects in the 2020 budget.

He made the request in a letter read by the Senate President, Ahmad Lawan, on Tuesday on the floor of the upper chamber of the National Assembly in Abuja.

According to the letter, President Buhari seeks to raise the loan from the domestic capital market to ensure adequate funds to finance projects in the budget.

After the letter was read, the lawmakers gave accelerated approval to the President’s request to raise the loan.

They also asked the Senate Committees on Finance and Appropriation to liaise with the Minister of Finance, Budget, and National Planning, Zainab Ahmed, to get more details on the loan request.

https://www.channelstv.com/2020/04/28/breaking-2020-budget-buhari-seeks-senate-approval-for-fresh-n850bn-loan/

9 Likes 4 Shares

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by Yenefer(f): 12:58pm On Apr 28, 2020*

God bless president Buhari
God bless SW NC NW NE senators
God bless Nigeria
The problem with nigeria is I-pigs may God continue to curse them

33 Likes 9 Shares

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by abbaapple: 1:02pm On Apr 28, 2020

We are slaved we have been slaved! Let nobody quote me telling me he is not a slave! You are not slave and someone lucked you in your house as quarantine huh

Even our governments they are slaves to the whites!

30 Likes 1 Share

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by bamvik(m): 1:20pm On Apr 28, 2020*

this is the main reason they resumed plenary

187 Likes 13 Shares

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by Lovelive: 1:21pm On Apr 28, 2020

Yeeeeeeh, e gba mi o

8 Likes

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by LordviccoDaGuru(m): 1:21pm On Apr 28, 2020

Nice one government in power have spoken, Buhari till 2027

Shame on useless wailers

12 Likes 2 Shares

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by Kingpuukaa(m): 1:26pm On Apr 28, 2020

I hope we go benefit

3 Likes

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by YorubaKinging: 1:26pm On Apr 28, 2020

The end is near

4 Likes 1 Share

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by Onyekachi419(f): 1:27pm On Apr 28, 2020

Sinzu president always cashing out grin

124 Likes 7 Shares

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by Nonso92(m): 1:27pm On Apr 28, 2020

No wonder the Mofos came to work today.

121 Likes 4 Shares

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by Maxcollins042(m): 1:27pm On Apr 28, 2020

Hehe

$3.4 billion IMF loan never do?

49 Likes 3 Shares

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by Chikelue2000(m): 1:27pm On Apr 28, 2020*

Ok now....borrowers club of nigeria...most times I still don't get how we get to dis stage

39 Likes 2 Shares

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by fulaniHERDSman(m): 1:27pm On Apr 28, 2020

Muhammadu borrowHARI

132 Likes 10 Shares

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by Nobody: 1:27pm On Apr 28, 2020

To pay back with what gan gan?

19 Likes

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by nanauju(f): 1:27pm On Apr 28, 2020

Get your children educational android tablets@N20,000 with free delivery nationwide. Go through my threads for pictures, functions and specifications and please check my signature for contact

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by Oluwasaeon(m): 1:27pm On Apr 28, 2020

Another cashout

9 Likes

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by Bevista: 1:27pm On Apr 28, 2020

How many people observed that in the 2020 budget, out of the projected N10 trillion for expenses, approximately 25% of that (~N2.5 trillion) was earmarked for debt servicing? Please note that due to the fall in oil prices, the budget has been reviewed lower but the debt servicing component will either remain constant or even go higher due to exchange rate dynamics.

Unfortunately, the country is now vigorously borrowing more money while the revenue base is shrinking. If oil prices do not improve significantly over the coming months, do not be surprised to see debt servicing accounting for 30 - 40% of FG 2021 budget.
---

41 Likes 4 Shares

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by ayomidays: 1:27pm On Apr 28, 2020

audio

1 Like

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by Nobody: 1:28pm On Apr 28, 2020

What will they use this money for?

8 Likes 1 Share

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by Sundaypaul12345: 1:28pm On Apr 28, 2020

Make una day borrow oh

1 Like

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by ojun50(m): 1:28pm On Apr 28, 2020

That nice, let d sharing continue

7 Likes

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by gambia(m): 1:28pm On Apr 28, 2020

You guys should keep borrowing upandan.

14 Likes

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by Nobody: 1:28pm On Apr 28, 2020

Another loan for north

17 Likes

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by Mbataku96(m): 1:29pm On Apr 28, 2020

The Game Of Looting
Dey don come again

19 Likes

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by passyhansome(m): 1:29pm On Apr 28, 2020

Proverbs 22:7 ►The rich rule over the poor, and the borrower is slave to the lender. NIGERIA IS A SLAVE

16 Likes 1 Share

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by sleeknaija(m): 1:29pm On Apr 28, 2020

Until una run this country dry undecided

9 Likes

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by ZanyABC(m): 1:29pm On Apr 28, 2020

Main reason why the plenary section resumes today, I hope they won't loot that one too

13 Likes

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by YorubaPrince: 1:29pm On Apr 28, 2020

....and the looting continues angry

13 Likes

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by strafist911: 1:29pm On Apr 28, 2020*

Damn! we are now prisoners in our own country. These greedy MOFOs locked us up in our houses & told us that if we go out or go to our work places, corona virus will kill us.
But now they all went to Abuja to approve billions of naira to share among themselves + to collect their sitting allowances, Corona virus will not kill them Abi??
What happened to all the Billions of Naira donated by EU, AU & other bodies?
NIGERIANS DESERVE THE KIND OF LEADERS THEY HAVE.

16 Likes 1 Share

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by Petersamuel8(m): 1:29pm On Apr 28, 2020

They are planning to sell Nigeria and run away

6 Likes

Re: Senate Approves Buhari’s Request To Raise Fresh N850bn Loan by AmazingELixir: 1:29pm On Apr 28, 2020*

Rubber stamp Senate has resumed.

29 Likes 2 Shares

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