Senate Approves Buhari’s $6bn Loan Request
The Nigerian Senate has approved the $6.1bilion dollar loan from
President Muhammadu Buhari
Recall that in May, President Buhari while requesting for approval stated that the loan will be raised from multilateral and bilateral tenders as well as the international capital market.
The loan request was approved after Clifford Ordia, chairman of the loan and debts committee, presented a report on the floor of the upper legislative chamber on Wednesday.
Ordia stated that the request is not new as it was approved in the borrowing plan when the national assembly passed the 2021 budget.
“What we are about to pass is not a new borrowing, it has been approved in the 2021 budget,” the senator representing Edo central said.
After the request was approved, Senate President Ahmad Lawan said the national assembly must make sure that there are no frivolous expenditures by the executive.
“Let me thank the committee, this is not a new loan. This is a borrowing plan we have approved, What we have done is to provide the necessary resolutions for the implementation of it.
“Every cent counts. Our committees must be alive to oversee it. No frivolous expenditures should be entertained, Lawan said
I hope one day you people won’t put up Nigeria and Nigerians for sale
Our total debt will now amounted to N 35 trillion, this is bad ooo
I hope this money won’t siphone as usual after collecting it
Are those people that we are collecting money from not going to sell this country or take over the country?
they just want to doom this country………. prayed that it doesn’t affect us later………