Stats: 3,184,541 members, 7,923,862 topics. Date: Saturday, 17 August 2024 at 04:30 PM |
Nairaland Forum / Nairaland / General / Politics / $30bn Loan: You Speak Without Facts, Presidency Attacks Sanusi (820 Views)
You Have No Facts, Presidency Replies Sanusi / FG To Nigerians: Prevail On Senators To Approve $30bn Loan / Confusion Over Buhari’s $30bn Loan Request (2) (3) (4)
$30bn Loan: You Speak Without Facts, Presidency Attacks Sanusi by zakim(m): 11:46pm On Dec 03, 2016 |
The Presidency has pilloried the Emir of Kano, Muhammadu Sanusi II, for condemning President Muhammadu Buhari's plans to borrow $29.9 billion for the country. The Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, said in a statement Saturday night that the emir did not have facts on issues raised. The presidential spokesman stated: With every respect to the Emir, you know he is my ruler because I come from Kano; he doesn't have his facts as far as those issues are concerned. The issue in CBN, that government has overdrawn its Central Consolidated Account is true, but the over-drawing is within limits. "The overdraw does not exceed 1.5 trillion. It is incorrect to say as he did that the account was overdrawn by 4.5 trillion. "But even assuming that he was correct, this is a government that has money in excess the amount he mentioned in the Treasury Single Account (TSA). It is just like you, a bank customer operating two accounts; one in the red and the other, well funded to the point that it can at any time wipe the indebtedness on the other. Would any bank manager lose their sleep over this? "This, I am told is what the IMF found at the CBN and they said it is perfectly normal. "As for his opposition to the $30 billion loan, I am aware that the Minister of Finance is responding to that. "As a private citizen, I want to read his statement again. I thought that the borrowing is for projects that include the railway and electricity development in the country." Read more at http://www.dailytrust.com.ng/news/general/-30bn-loan-you-speak-without-facts-presidency-attacks-sanusi/174406.html#RMC0gSLVOy485r49.99
|
Re: $30bn Loan: You Speak Without Facts, Presidency Attacks Sanusi by Costello559(m): 11:54pm On Dec 03, 2016 |
He was in dat seat... So he should know what must have happened... Don't cover your wrong doings fG... 1 Like |
Re: $30bn Loan: You Speak Without Facts, Presidency Attacks Sanusi by AllTheWayUp: 12:01am On Dec 04, 2016 |
![]() ![]() ![]() I stand with Emir Sanusi Buhari and his entire cabinet are dullardic failures who know nothing about the Nigerian Economy.
|
Re: $30bn Loan: You Speak Without Facts, Presidency Attacks Sanusi by Mynd44: 12:06am On Dec 04, 2016 |
Re: $30bn Loan: You Speak Without Facts, Presidency Attacks Sanusi by Fidelismaria: 12:28am On Dec 04, 2016 |
![]() ![]() clueless government 2019 were re u |
Re: $30bn Loan: You Speak Without Facts, Presidency Attacks Sanusi by Nobody: 12:37am On Dec 04, 2016 |
The dog that will get lost will not hear the hunter's whistle. All men of goodwill has advised against this borrowing. The logic is simple. You don't borrow when you are not sure of the capacity to pay back within a specified period. Crude Oil was less than $50 per barrel on the average throughout Obasanjo tenor and he did not borrow a dime but paid all our past debts and also left substantial amount in our foreign reserves. There was also militancy in the Niger Delta during Obasanjo tenor and oil production was also affected but Nigeria do not go into recession. It is clear that what PMB lacks is good economic team and capacity to manage crisis! With the present economic team of PMB, borrowing $30billion will put us and the coming generation on the fast lane to Zimbabwe. The senate and the governors will surely not oppose it for it will translate to having enough to loot. |
Re: $30bn Loan: You Speak Without Facts, Presidency Attacks Sanusi by amc: 12:54am On Dec 04, 2016 |
egbonnla: You conveniently omitted GEJ's borrowing when oil was above $100 and jumped on to PMB's proposed plan to borrow when oil price has dipped and the inherited huge debt from GEJ. 1 Like |
Re: $30bn Loan: You Speak Without Facts, Presidency Attacks Sanusi by Atiku2019: 3:07am On Dec 04, 2016 |
I Stand With Tinubu ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() #Atiku2019
|
Re: $30bn Loan: You Speak Without Facts, Presidency Attacks Sanusi by Tightguy(m): 3:20am On Dec 04, 2016 |
We really have a big problem in our hands in this country. Imagine Mallam Shehu Garba claiming to have more facts than a former CBN governor on economic issues. When SLS made a humongous claim that NNPC under GEJ failed to remit N20 trillion or so, he had all the facts then; but now that he has spoken out against the obvious and unnecessary mortgaging of the nation by PMB's intended $29.8 billion loan, you suddenly claim he doesnt have the real facts. ARRANT NONSENSE Mallam Shehu Garba, since you claim that the TSA has more than N4.5 trillion in it, why not just use it and forget about borrowing from IMF ? OLODO GOVERNMENT. Today they ll claim the TSA has saved trillions of naira in it, tomorrow they ll deny and say: the TSA is just a channel with no money in it. |
Re: $30bn Loan: You Speak Without Facts, Presidency Attacks Sanusi by Nobody: 7:49am On Dec 04, 2016 |
amc:You guys are always getting it wrong. GEJ was voted out because we wanted change. Must PMB do everything that GEJ did wrong? It is rather sad that we have descended to a low situation where anybody that criticise PMB is a supporter of GEJ. |
Re: $30bn Loan: You Speak Without Facts, Presidency Attacks Sanusi by Godprotectigbo2(f): 8:24am On Dec 04, 2016 |
I stand with sanusi |
(1) (Reply)
Why I Didn’t Attend S-east Summit In Enugu- Buhari / Why Igbos Are Too Sure Of Themselves. / Nigerian Doctor Stages 'I Stand With Nigeria' Protest In His Office (photo)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 44 |