The President, Major General Muhammadu Buhari (retd.), has written to the House of Representatives to request for the approval of fresh external borrowings totalling $5.513bn.

Buhari, in the letter read by Speaker of the House of Representatives, Femi Gbajabiamila, at the plenary on Thursday, said the funds were for 2020 budget deficit, financing of critical projects, and some states of the federation.

The President also presented a revised 2020 Appropriation Bill and 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.

The National Assembly had recently approved a loan of N850bn for the Federal Government, while another of $22.79bn, which the Senate has already approved, is pending before the House.



https://punchng.com/breaking-buhari-writes-reps-seeks-fresh-5-513bn-loan/?fbclid=IwAR2APg67kolXTcHe9Cbi8CGyjUAM3v4-mQpdLu7cUxzOpjs1u7VUE6sep7E



lalasticlala

We need a president as pro-actively as Buhari...


We should exercise more of our borrowing power and plan to meet our various needs..

Another step taken In the right direction by PMB..

Dem swear for this president.

These people wants to finish us

Juliusmalema:
We need a president as pro-actively as Buhari...


We should exercise more of our borrowing power and plan to meet our various needs..

Another step taken In the right direction by PMB..

Your reasoning is not different from an average aboki !

Marine54:
Your reasoning is not different from an average aboki !

Next

Juliusmalema:
We need a president as pro-actively as Buhari...


We should exercise more of our borrowing power and plan to meet our various needs..

Another step taken In the right direction by PMB..

Judas Iscariot spotted (30 silver coins beneficiary). You should be ashamed of yasef. #SMH

Buhari, Buhari, Buhari, how many times I call you so. What is with you and borrowing? You don't add to anything. Your own is to always borrow. No wonder you couldn't manage ordinary cattle business to a boom level. I am not surprised you can't equally govern a complex country like ours. You have done your bit. We appreciate. You are now old. The economy is bigger than you. Pls just step aside and look for a professional to manage our country before you sell it off in the name of borrowing.

Like for yourself share for Nigeria

The tyrant isn’t done with Nigeria yet! He started running for office since 2003 with one goal, reset Nigeria back to what it was in 1984!

Dem take loan swear for dis man ni?
We don enter am...