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Tuesday, 1 November 2016

Senate rejects Pres. Buhari's request for external $30 billion loan

The senate at its plenary this morning, rejected President Buhari's request to seek for a $30 billion external loan.

President Buhari last week forwarded a letter to members of the National Assembly, requesting for approval for external borrowing plan of $29.960 billion to execute key infrastructural projects across the country between 2016 and 2018. See another tweet after the cut.


34 comments:

Anonymous said...

Thats alot of money


Meenah_wakil on instagram

livingstone chibuike said...

After rejecting dey will stil accept..confuse set of individuals

Anonymous said...

You can now following me on lindaikejis social media by searching for meenah wakil or via email aminag2ky@yahoo.com


Oya lets block there

Eddy Ogbunambala said...

Hmmm

Odibe Blessing said...

Hmmmmmmmmmm better bcus borrowing can be sweet but paying back is another issue

BONARIO NNAGS said...

And what was their reason, lack of document.
Presidency should do its home work well and return to the Senate, at times likes this, Nations borrow to fund capital projects thereby injecting more money into the system. This is one of the ways of getting out of recession.
HOPE YOU'VE SIGNED UP ON LIS? FOLLOW Bonario Nnags


. ~BONARIO~says so via NOKIA LUMIA

freeborn bamislam suani ahmad bamislam said...

Good news! Thanks guys!FREEBORN DANCE AND DANCE WITH JOY. So we still have reasonable senators huh? Terrorist buhari where is the recoverd money huh?eww freeborn wept for u.
THEY SHOULD NOT ALLOW THE INCOMPETENT CLUELESS PRESIDENT TO TAKE THAT LOAN OO CAUSE HIS PUTTING NIGERIA IN BIG DEBT OO terrorist buhari resign ooooo i can see that the place is hot for u before u sell all Nigerians one day.



















#sad indeed

freeborn bamislam suani ahmad bamislam said...

Good news! Thanks guys!FREEBORN DANCE AND DANCE WITH JOY. So we still have reasonable senators huh? Terrorist buhari where is the recoverd money huh?eww freeborn wept for u.
THEY SHOULD NOT ALLOW THE INCOMPETENT CLUELESS PRESIDENT TO TAKE THAT LOAN OO CAUSE HIS PUTTING NIGERIA IN BIG DEBT OO terrorist buhari resign ooooo i can see that the place is hot for u before u sell all Nigerians one day.



















#sad indeed

vinna saviour said...

Good one

VEEKEE FRESH said...

dis block head president is.STILL borrowing ..
clueless

Juliet Iwuno said...

Na dem sabi mbok! Linda take note!

NaijaDeltaBabe said...

Whatever makes dem happy


...merited happiness

Anonymous said...

The money is for 2 things ,to find oil in the north and for the cabals to be compensated. Because there's nothing to steal.

Chop Chop said...

The Senate got this right. This money is too much for a country that can't even account for $2.8 billion.

Uju Phil said...

Better... #BorrowPose

Anonymous said...

What does he mean by key infrastructural projects across the country. To borrow such a huge amount of money, he should be able to give a blue print of how the amount will be allocated. He is running a rogue administration.

Anonymous said...

This is serious shoddiness on the part of the executive. How can you request for legislative approval of such enormous amount of money without presenting detailed documentation to show how you intend to spend the money by listing the details of verifiable projects. What will be the terms of the loan and terms of repayment as well as details of sources of
repayment. Without these preliminary information there is a high likelihood of mismanagement of the money, living innocent generations to bear the burden of perpetual debt servicing. The Senate did well to reject the request.

Jamila Shaibu said...

Hmmmmmmmm

OSINANL said...

Good one....

Vivian Reginalds said...

loan ke?
-D great anonymous now as Vivian Reginalds

Eazzy Pompey said...

Hmmm... Wahala don dey come small small b dat oo .take Sis Linda

Iphie Abraham said...

Am sure they had good reasons








Lib addict#just passing#

Eazzy Pompey said...

Hmmm... Wahala don dey come small small b dat oo .take Note Sis Linda

becky good said...

Confused president

Anonymous said...

Oya Buhari go add your justification documents

Anonymous said...

Oya Buhari go add your justification documents

Anonymous said...

D funds ' re needed 4 our Good. @ Presidency ,provide d documents asap,but,if dey still reject , VETO!

Joyous babe,Linda ikeji first cousin said...

Imagine such a big money in this recession? This change get as ebi o.

Joyous babe,Linda ikeji first cousin said...

Imagine such a big money in this recession? This change get as ebi o.

Anonymous said...

Very stupid thinking. Reality is setting in now. Buhari should go and use the so called recovered loot,i if the recovered loot is not enough,then recover more. Why borrow when you claimed Deziani returned $90bn? Hahaha...this government is suffering from its own propaganda. The propaganda is turning round and biting then in the assure.

Anonymous said...

Don't give him d money cos going to put nigerians in jupadi,dmoney dat was left in nigerian acct how far with it cos u did nothing with it and now u want to borrow again NO WAY

Haliburton scandal said...

Before nkoo, this Man will just borrow the money and share it among his Hausa kindred, he doesn't have a plan as a government

Haliburton scandal said...

Before nkoo, this Man will just borrow the money and share it among his Hausa kindred, he doesn't have a plan as a government

dakova web said...

BUharitheifnubu u want to borrow wat God don cash u where all the recovered loot.

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