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Buhari Gets $1bn Loan From Adesina’s Led african Development Bank - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Buhari Gets $1bn Loan From Adesina’s Led african Development Bank (15131 Views)

Zahra Buhari Gets ‎n47.1m Customized Bags In 30 Exotic Cars From Billionaire Fia / FG Begs Afdb To Fast-track $1bn Loan / Nigeria Offered $4.1b From Adesina Led African Devt Bank To Help Fight Recession (2) (3) (4)

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Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by Limitednow: 5:49pm On Sep 26, 2016
THE African Development Bank (AfDB) has approved $1 billion loan towards meeting the deficits in Nigeria’s 2016 Budget, believed to partly responsible for the country’s economic crisis.


AfDB President, Dr. Akinwunmi Adesina, disclosed this to State House correspondents on Monday after meeting with Vice President and other members of the Economic Management Team (EMT) at the Presidential Villa, Abuja.


Stressing that Nigeria is the largest shareholder of the bank, Akinwunmi said the bank is in Nigeria to offer its strong support to the country as it faces tough time.


He said: “African Development Bank (AfDB), we have a very strong delegation team to meet Vice President and the economic management team. The bank’s largest shareholder is Nigeria. It is very important for me to be here and to talk to the Nigerian government about the challenges and opportunities that are in Nigeria.


“I’m not here to lecture the Nigerian government. I’m here to support very strongly. We have said that we are going to support the Nigerian government with the budget support to be able to deal with some of fiscal imbalance that they have. We are looking to consider for an award of $1 billion to help to deal with that particular deficit.”


Commenting on the loan, Finance Minister, Kemi Adeosun said what had been a great relief to the economic team was the synergy between “what we’re trying to do and what the AfDB, repositioning under Adesina, is trying to focus on. And most of the sectors, the specific programmes that the bank has are the very areas we want to focus on the economy.”


She said while the government was looking unto the AfDB for $1bn budget support, “but beyond that, there are lots of loans and initiatives around agriculture, job creation or the youths, solid minerals, women empowerment and women’s access to finance, access to finance to the SMEs.”


Asked about the interest rate on the loans, the minister responded: “Its concession is way below two%. It’s about 1.2%. We’re not over borrowing, what we’re trying to do is to ensure that this money we’re borrowing, we use it on the key infrastructure that will drive the economy.”

http://www.socialtimesng.com/2016/09/buhari-gets-1bn-loan-from-adesinas-led-african-development-bank/

8 Likes 1 Share

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by EgusiSoup: 5:50pm On Sep 26, 2016
[size=28pt]GEJwe are sorry
Mama Patience Jonathan we are sorry.
FFK we are sorry.

We didn't knows we was only deceive by this APC people. We was blind but now we can see shocked

Our only player is that you will come back in 2019 to CHANGE this CHANGE.

May God help Nigeria[/size]

110 Likes 1 Share

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by veacea: 5:50pm On Sep 26, 2016
Thank you Adesina

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Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by able20(m): 6:00pm On Sep 26, 2016
Borrow borrow confused president Buhari, he will soon borrow from North Korea, cuba and Somalia

65 Likes 1 Share

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by daniska3yaro(m): 6:01pm On Sep 26, 2016
Hmmm
Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by rusher14: 6:03pm On Sep 26, 2016
Buhari helped him into the position.

22 Likes 2 Shares

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by richidinho(m): 6:10pm On Sep 26, 2016
This man fit leave debt wey our great grand children no go fit pay oo

We dey watch shaa

38 Likes 1 Share

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by Splinz(m): 6:19pm On Sep 26, 2016
This government can't be trusted with such a hefty sum. It is common sense that it is ran by an economy assassin with the help of other economy terrorists. SMH

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Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by divinehand2003(m): 6:22pm On Sep 26, 2016
You scratch my back, I scratch yours in return.

Nice one Bro Adesina for remembering your mother land that's experiencing troubled times.

May God continue to position you in favored places always.

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Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by mrvitalis(m): 6:27pm On Sep 26, 2016
We need to know what this money will be used for.. In clear terms for we can monitor it... It should not be divided into different projects... but to found 2 or three projects from beginning to end or even one project but let it be made open

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Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by Justiyke4u: 6:32pm On Sep 26, 2016
So we are still borrowing

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Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by Justiyke4u: 6:34pm On Sep 26, 2016
EgusiSoup:
GEJ we are sorry.
Mama Patience Jonathan we are sorry.
FFK we are sorry.

We didn't knows we was only deceive by this APC people. We was blind but now we can see shocked

Our only player is that you will come back in 2019 to CHANGE this CHANGE.

May God help Nigeria
I think it should be "we were" actually

5 Likes

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by cuteboy2: 6:37pm On Sep 26, 2016
Another $1billion loan? shocked shocked shocked

Meanwhile, Finance Minister Kemi Adesoun is still "guessing" what the government has done with the N2.2 trillion debt already incurred by government in last 1 year.

https://www.nairaland.com/3369950/kemi-adeosun-guessing-use-2.2tn

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Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by Nobody: 6:38pm On Sep 26, 2016
if only the borrowing were yielding visible impacts then I may have lauded such efforts, but to say the govt cannot account for the 2.2trn loan under one year is reprehensible and unscrupulous. The economy keeps sinking in recession amid increase in govt income.
I pray that a new political party is voted in come 2019 so that they will help expose the astronomical and clandestine grafts of this govt.

16 Likes 3 Shares

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by id911(m): 6:41pm On Sep 26, 2016
rusher14:
Buhari helped him into the position.



una lies go kill una one day. Which Buhari? Adesina clearly stated after he won election that if not Ngozi Okonjo-Iweala who used her influence and ofcourse, Atiku's frienship with Jacob Zuma, he wouldn't have won. Una too dey lie

55 Likes 4 Shares

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by rusher14: 6:47pm On Sep 26, 2016
id911:



una lies go kill una one day. Which Buhari? Adesina clearly stated after he won election that if not Ngozi Okonjo-Iweala who used her influence and ofcourse, Atiku's frienship with Jacob Zuma, he wouldn't have won. Una too dey lie

Go back to your history lessons.

4 Likes 1 Share

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by Justiceleague1: 6:51pm On Sep 26, 2016
rusher14:
Buhari helped him into the position.


yes so they could appoint a dumb grass importing yes sir yes sir audu ogbeh who would blink and look other way when emirs and northern generals corner all the fertiliser...
I pity you cos u know nothing.

Thunda faya that buhari onigbese..

23 Likes 2 Shares

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by CSTR2: 6:54pm On Sep 26, 2016
rusher14:


Go back to your history lessons.
He is right, buhari played no role in his Afbd appointment.
His victory speech was more or less dedicated to Ngozi okonjo iweala. Buhari does not know talent if he sees one.

http://www.pmnewsnigeria.com/2015/05/31/afdb-okonjo-iweala-behind-my-success-says-adesina/
https://www.nairaland.com/2348230/afdb-okonjo-iweala-behind-success-says

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Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by CSTR2: 6:56pm On Sep 26, 2016
Dr Akinwumi Adesina, president-elect, Africa Development Bank (AfDB) has credited his success at the poll to the tireless work of Dr Ngozi Okonjo-Iweala, Nigeria’s Finance Minister.

In a statement issued on Sunday, Adesina thanked outgoing president, Goodluck Jonathan and the newly sworn in president, Muhammadu Buhari but showered special encomium on Okonjo-Iweala.

“I would like to specially thank Dr. Ngozi Okonjo-Iweala for her vital role and tremendous effort in delivering this successful outcome. Dr. Okonjo-Iweala, as Nigeria’s Finance Minister, worked passionately for our campaign, and our success would have been impossible without her tireless work shepherding support among many of the esteemed Finance Ministers and Governors at the AfDB.

He then thanked all those involved in the process for electing him. “I am deeply humbled and honoured to have been entrusted with the great responsibility of leading the African Development Bank (AfDB) at a time that presents such great opportunities and also profound challenges for our continent.

“The AfDB campaign and election has been an incredible experience, and I am grateful to all those who supported me along the way and to each and every person with whom I’ve met and exchanged ideas and hopes for inclusive economic growth on our continent throughout this process.
I am thankful to have been given the chance to travel to so many parts of the continent – small states, fragile states, and large states across Africa – to feel the pulse of African leaders and peoples. I met with young people and women – Africa’s greatest assets, with small- and medium-sized enterprises, and with Africa’s business leaders. From rural areas to burgeoning cities, I saw vast opportunities for a greater and more inclusive Africa. I am hopeful and excited about the prospect of building on the great work of President Donald Kaberuka at the AfDB,” he said.

Adding that: “Together, we can build a stronger and more prosperous Africa, with smart infrastructure, energy for all, a strong private sector, new economic opportunities that will deliver quality jobs and hope for millions of youths and women, revival of Africa’s rural economies to lift many out of poverty, and regional integration for shared prosperity.

“The shareholders of the AfDB from African and non-African countries gave strong support, for which I am deeply grateful. Together, we will build a new Africa with inclusive and green growth.

“I commend all my colleagues who contested for the position, their countries, and supporters. They conducted great campaigns. They are all great assets to Africa. I am truly humbled by the support of many Presidents across every region of Africa. Africa is my home.”

“I would like to give my special thanks to a few people in particular without whom this success would not have been possible: former President Goodluck Ebele Jonathan for his nominating me, his confidence, and his steadfast, enthusiastic support; President Muhammadu Buhari for his strong endorsement and rallying support for us.”

“Our leaders rallied behind us in a historic display of unity of purpose and common commitment. I would like to extend my sincerest thanks to former President Olusegun Obasanjo, former Head of State General Abdulsalami Abubakar, former Head of State General Yakubu Gowon, former Vice President Namadi Sambo, and former Vice President Atiku Abubakar, who worked determinedly to build support behind my candidacy among African leaders.”

“I would especially like to thank all the people of Africa for your prayers, your well-wishes, and your belief in me. I am truly humbled by the outpouring of support I have received from all across the continent. I promise to work hard with all African governments to deliver more inclusive economic growth across our beautiful continent,” the statement read.
http://www.pmnewsnigeria.com/2015/05/31/afdb-okonjo-iweala-behind-my-success-says-adesina/

24 Likes 2 Shares

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by id911(m): 6:56pm On Sep 26, 2016
rusher14:
Go back to your history lessons.


Don't have time to argue with a toddler

18 Likes

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by CSTR2: 6:57pm On Sep 26, 2016
Jonathan was even the person that nominated him for Afdb president. cheesy

18 Likes

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by WorldRichest: 7:01pm On Sep 26, 2016
EgusiSoup:


GEJ we are sorry.
Mama Patience Jonathan we are sorry.
FFK we are sorry.

We didn't knows we was only deceive by this APC people. We was blind but now we can see shocked

Our only player is that you will come back in 2019 to CHANGE this CHANGE.

May God help Nigeria

Yes, GEJ we are sorry for criticizing you instead of praising you. All the money you shared with your gang of thieves are now being recovered and the money will be added to the deficit budget.

Mama Piss Sheppopo we are sorry for abusing you. The about $20 million which you inherited from you thieving mother but which you kept in your driver's and gateman's account will be added to the budget. Thank you for not using the loot to buy houses in Europe like your brother James Ibori.

10 Likes

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by proeast(m): 7:03pm On Sep 26, 2016
Very myopic & primitive title! A supposed president who has lost all sense of purpose to the extent that he has gone on a borrowing spree from any Tom, Dick & Harry organization. By time the dullard leaves aso rock, Nigeria's future till the tenth generation would have been mortgaged. I care less of what he does because the future of the East does not belong to this failed entity!!

5 Likes

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by id911(m): 7:11pm On Sep 26, 2016
CSTR2:
He is right, buhari played no role in his Afbd appointment.
His victory speech was more or less dedicated to Ngozi okonjo iweala. Buhari does not know talent if he sees one.

http://www.pmnewsnigeria.com/2015/05/31/afdb-okonjo-iweala-behind-my-success-says-adesina/
https://www.nairaland.com/2348230/afdb-okonjo-iweala-behind-success-says

I don't just understand why some Nigerians underestimate the respect and influence that blessed woman has on Africa and world's financial circles, don't know why

5 Likes

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by rusher14: 7:54pm On Sep 26, 2016
CSTR2:
He is right, buhari played no role in his Afbd appointment.
His victory speech was more or less dedicated to Ngozi okonjo iweala. Buhari does not know talent if he sees one.

http://www.pmnewsnigeria.com/2015/05/31/afdb-okonjo-iweala-behind-my-success-says-adesina/
https://www.nairaland.com/2348230/afdb-okonjo-iweala-behind-success-says

http://www.pmnewsnigeria.com/2015/04/21/buhari-lobbies-for-adesina-as-afdb-president/


http://www.channelstv.com/2015/05/31/adesina-thanks-buhari-jonathan-for-emergence-as-afdb-president/
Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by Oblang(m): 9:24pm On Sep 26, 2016
I like my Yoruba ppl for one thing. They don't beat chest unnecessarily unlike some ppl from the rising sun side. If Adesina were to be igbo, u would have seen comments like.
Igbo saving the dullard's ass since 1900.
Name one afonja that achieve such feat.

Those ppl ehn...

4 Likes

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by shaddoww: 9:29pm On Sep 26, 2016
It's even $2billion, dey just confirmed on their twitter page.

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Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by luvinhubby(m): 9:33pm On Sep 26, 2016
Buhari is a crook. Imagine. embarassed

N4.1 trillion debt in 1 yr, N2.6 of it domestically. Meanwhile he wants to sell national assets to raise more money to spend in addition to more foreign debts being incurred.

6 Likes 1 Share

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by zurine(f): 9:35pm On Sep 26, 2016
nice one from a Nigerian to a Nigerian
Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by CSTR2: 9:36pm On Sep 26, 2016
Oblang:
I like my Yoruba ppl for one thing. They don't beat chest unnecessarily unlike some ppl from the rising sun side. If Adesina were to be igbo, u would have seen comments like.
Igbo saving the dullard's ass since 1900.
Name one afonja that achieve such feat.

Those ppl ehn...
Buhari is your president that you voted for. If you don't help him, who will? Is it the igbos he called 5% that will help him?.
You no get sense.

21 Likes

Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by Oblang(m): 9:56pm On Sep 26, 2016
CSTR2:
Buhari is your president that you voted for. If you don't help him, who will? Is it the igbos he called 5% that will help him?.
You no get sense.

Go and collect ur sense from where it's bin used to pack poo in Ogbeni market.. grin grin
Re: Buhari Gets $1bn Loan From Adesina’s Led african Development Bank by CSTR2: 10:02pm On Sep 26, 2016
Oblang:


Go and collect ur sense from where it's bin used to pack poo in Ogbeni market.. grin grin
I am not the one asking for unconditional and un-begrudged help from unlikely sources for your president.
If you had any modicum of sense, you would have realized that your president has burned too many bridges with certain people.
He is your president and has shared the spoils with you. He is not our concern.
If I were you, i'd be focused on how that money is spent.

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