ogododo:
The president made the request through a letter to the Senate, read during the plenary by the Senate President, GodsWill Akpabio, on Tuesday, noting that the fund was to execute critical projects in different sectors.

The President Bola Tinubu-led administration has sought the approval of the Nigerian Senate for $8.6billion and €100million borrowing plan.

The president made the request through a letter to the Senate, read during the plenary by the Senate President, GodsWill Akpabio, on Tuesday, noting that the fund was to execute critical projects in different sectors.


The request was said to be part of the federal government 2022-2024 external borrowing plan approved by former President Muhammadu Buhari’s administration, according to the letter.

Tinubu explained that the projects to be funded with the loan cuts across different sectors of the economy, and were selected based on economic evaluation and the expected contribution to the country’s development.

The letter reads in part;, “I write in respect of the above subject and to submit the attached the federal government 2022-2024 external borrowing plan for consideration and early approval of the National Assembly to ensure prompt implementation of the projects.


“The Senate may wish to note that the past administration approved a 2022-2024 borrowing plan by the federal executive council (FEC) held on May 15, 2023.

“The project cuts across all sectors, with specific emphasis on infrastructure, agriculture, health, water supply, roads, security, and employment generation as well as financial management reforms.

“Consequently, the required approval is in the sum of $8,699,168,559 and €100 million.

“I would like to underscore the fact that the projects and programmes in the borrowing plan were selected based on economic evaluations as well as the expected contribution to the social economic development of the country, including employment generation, and skills acquisition.

“Given the nature of these facilities, and the need to return the country to normalcy it has become necessary for the Senate to consider and approve the 2022- 2024 external abridged borrowing plan to enable the government deliver its responsibility to Nigerians.”

In August, the National Assembly approved President Tinubu’s request for over $800 million loan to finance the National Social Safety Network Programme.

The National Assembly had also approved the 2022 Supplementary Appropriations Act of N819 million “for the provision of Palliatives to Nigerians to cushion the effect of fuel subsidy removal”.


https://saharareporters.com/2023/11/28/president-tinubu-seeks-senate-approval-fresh-86billion-eu100million-loans-amid-nigerias

Buhari borrowing will be a joke compared to that of tinubu.just within 6month trillion have gone without any work...and that's the once the media are giving us,the rest are unknown 😒😒

Randal:
This man go finish us

You think say him send you? Persin weh vow to bring down the purchasing power of Nigerians.

https://www.youtube.com/watch?v=8v0dsd_gfjQ?si=w__zsiAoyGgvzsMM

forgiveness:


Great news. Any link?

I will check fir yiu but watch this interview with Amechi in 2022

https://www.youtube.com/watch?v=qnyzp8OpJYo?si=PH7xJqyLQjjBD2nU

Loan for wat again? Pls let Dem not approve anything again. Let's make do with wat we have. If Nigeria was their private business will dey treat it this way? This I don't care attitude should stop. Nigeria have suffered from bad leadership since the 80s.. it's at d edge of collapse.. pls let's save the country

A political party with so many idiots as supporters!

What a mess of a party.

Paramount01:



I will check fir yiu but watch this interview with Amechi in 2022

https://www.youtube.com/watch?v=qnyzp8OpJYo?si=PH7xJqyLQjjBD2nU

Okay thanks

I am very annoyed today... Ordinary Ghanaian insulted me today because of all these uselezzz politicians and how they destroyed the country beyond repair

ColonelMichael:


And prophet mohammed is a pig, allah is a demon dog, as Islam is a form of mental illness.

How about your parents, siblings and your generations of Akpa amu, ewu , ezi?

[You are a goat. Not just a goat but a pregnant one. Shame on you for defending this evil.

quote author=AbuTwins post=127211648]

PDP is satanic!

LP is Lucifer's Party!

[/quote]

MEEVEET:
How can you borrow money and use it to build road, hospitals, and other projects that cant repay themselves up

It's economic suicide

This is exactly what Buhari did that never worked

Chai

These guys might toll the road so the masses end up paying🥺

Kcapplied:
[You are a goat. Not just a goat but a pregnant one. Shame on you for defending this evil.

[quote author=AbuTwins post=127211648]

PDP is satanic!

LP is Lucifer's Party!

I pray to be a good GOAT sha!

Greatest of All Time.

slivertongue:
what a disaster party. borrowing and borrowing without development

Your country is an extension of British Company UNILEVER….


That’s why they ensure quacks emerge as president and tell them to borrow from Western powers while the same Western powers steal your resources….

That is how it works…. Yet Blacks instead of seeing it are doing Yoruba vs Igbo vs Hausa vs Monkey….

Stupid NIGGERS

Mrfeel:
Tinubu a smart educated man

^^^


No he is not.

I agree he is a grand wizard at breaking both the sound and light barriers. He was able to accelerate from 1970 to 1974...gain admission to a secondary school...complete his studies...and then decelerate back into 1970 while everybody else stood frozen in time, not knowing what the hell was going on.

But all that does not make him a 'smart' and 'educated' human being.

It does not.

A man completely without honour.

Bigmospa:
what diff will it make when the votes won't count?

GreatOchuks:

Because Eye Neck and the Judiciary are firmly on the side of APC ..

A lazy man blames his tools

tofolo:
These guys might toll the road so the masses end up paying🥺

How much u won toll the road

Asiwaju will believe in your Government. Ride on

Khyrvxjzy:
joyandfaith


Igbodicool


phorget

bigpicture001

TINUBUISMAD

Chiefpriestt

Joy2dworldxyz


hi

You are a he-goat.
Your senseless Ebola Tinubu is a fraud and a disaster

Stop using LOADNG

They only increase price to scam people.



https://www.nairaland.com/7924256/loadng-wallet-scam-me-60


https://www.nairaland.com/7899180/loadng-exchanger-paypal-scam

Daystar7:


Pls stop making excuses for Tinubu by blaming Buhari, it makes no sense. He brought Buhari to power and told us it is his turn. He's the president now isn't he? Everything that goes right or wrong is solely on him and this right here is very bad! Our economy is dying and borrowing destroys our economy further and weakens the Naira. Where's the Trillions they saved from Subsidy and the recent repatriated Abacha's loot? Where's our internal IGR?

Buhari was borrowing to fund fuel subsidies and imports, the external debt profile is below. Ending fuel subsidies was to end consumption and increase debt.

https://www.dataphyte.com/latest-reports/governance/nigerias-debt-continues-upward-surge-as-it-hits-ten-year-growth-of-467/

Borrowing money for consumption rather than production is a very fouolish adventure.

ogododo:
The president made the request through a letter to the Senate, read during the plenary by the Senate President, GodsWill Akpabio, on Tuesday, noting that the fund was to execute critical projects in different sectors.

The President Bola Tinubu-led administration has sought the approval of the Nigerian Senate for $8.6billion and €100million borrowing plan.

The president made the request through a letter to the Senate, read during the plenary by the Senate President, GodsWill Akpabio, on Tuesday, noting that the fund was to execute critical projects in different sectors.


The request was said to be part of the federal government 2022-2024 external borrowing plan approved by former President Muhammadu Buhari’s administration, according to the letter.

Tinubu explained that the projects to be funded with the loan cuts across different sectors of the economy, and were selected based on economic evaluation and the expected contribution to the country’s development.

The letter reads in part;, “I write in respect of the above subject and to submit the attached the federal government 2022-2024 external borrowing plan for consideration and early approval of the National Assembly to ensure prompt implementation of the projects.


“The Senate may wish to note that the past administration approved a 2022-2024 borrowing plan by the federal executive council (FEC) held on May 15, 2023.

“The project cuts across all sectors, with specific emphasis on infrastructure, agriculture, health, water supply, roads, security, and employment generation as well as financial management reforms.

“Consequently, the required approval is in the sum of $8,699,168,559 and €100 million.

“I would like to underscore the fact that the projects and programmes in the borrowing plan were selected based on economic evaluations as well as the expected contribution to the social economic development of the country, including employment generation, and skills acquisition.

“Given the nature of these facilities, and the need to return the country to normalcy it has become necessary for the Senate to consider and approve the 2022- 2024 external abridged borrowing plan to enable the government deliver its responsibility to Nigerians.”

In August, the National Assembly approved President Tinubu’s request for over $800 million loan to finance the National Social Safety Network Programme.

The National Assembly had also approved the 2022 Supplementary Appropriations Act of N819 million “for the provision of Palliatives to Nigerians to cushion the effect of fuel subsidy removal”.


https://saharareporters.com/2023/11/28/president-tinubu-seeks-senate-approval-fresh-86billion-eu100million-loans-amid-nigerias

This is what emilokan means then supporters wont understand why he is borrowing but will accept it because it will favour his party .....

What a blackman thinking ability

I thought removal of subsidy will end borrowing. Reno should come and explain this

We don enter we don enter

seguno2:


So why is PDP not taking advantage of APC’s fuckup to gain more followers on its side

Ronu people control the press, unfortunately!

Xscape1993:
I laugh in Idoma language ooo. Their certificate forger president is working. I will never stop calling APC an evil party and big a curse to humanity. How do you want Nigeria to be great when agberos, touts, terrorist sponsors, illiterates, people without economy knowledge, strange men, certificate forgers and killers are in power? Nigeria will never develop until we destroy and bury tribal, religion, social and political sentiments.

If we don't stop this APC demons they will sell Nigeria very soon. Sometimes I feel it's a dream. The painful part is the idiooooots supporting and defending them.

ogododo:
Nlfpmod, nawa oo dis oponkrponke wan borrow de whole world? Who de borrow us self.

Yes o I wonder why then dey even borrow us. Money. I think there's an evil agenda.

kettykin:
Nigeria's story will be epic and worse than roman empire, this is not a banana or plantain republic, this is now a cassava republic

the abominable cassava republique.........i luv it!

slivertongue:
what a disaster party. borrowing and borrowing without development

. Tinubu is Buhari pro-max.

Siberia01:


Nigerians are Rich people I don't see why the government should go about shamelessly borrowing money from others..
There are alot of billionaires
Dangote, adenuga, cubana , ibeto .. bua
Littered across the country..
If you check out the social media space especially tiktok
You see Nigerians spraying huge money in parties and wedding...
Even Davido can easily cough out 8 billion dollars

Even Wizkid, Burna boy etc.

This 8billions of dollars tinubu wants to borrow he use some off it for infrastructures in lagos the remaining him and his emilokan cabals will squander it

AroOkigbo:
Ronu people control the press, unfortunately!

How will making excuses help PDP resolve their failure to get everyone aware of APC’s corruption and administrative failures

Tubulation 2.0

How much them buy jeep for 100+ senators or rep... I beg I wan calculator how much them need add to fund whatever white elephant project.

Abi Dem wan buy yacht again so that It'll be generator revenues yes na na revenue generator.

A person cannot give what he does not have.... Oza.


Dj play Politics and lies by mode mesun (mode9)