President Muhammadu Buhari has written to the senate
seeking approval for a $75 million loan from the World Bank
for the Edo state government.

“I am writing to seek the consideration of the national
assembly of Nigeria on approval of a request by the Edo
state government to obtain a $75 million credit facility from
the World Bank,” the president wrote in a letter read on the
floor of the upper chamber by Bukola Saraki, senate
president, on Tuesday.

“You may wish to know that the World Bank had approved a
Development Policy Programme (DPO) loan budget support
for the total sum of $225 million to the Edo state
government in 2012 to be implemented in three tranches of
$75 million per annum.

“The first tranche was approved by the national assembly in
the 2012-2014 federal government external borrowing plan.
“The programme has since been successfully implemented
by the state in 2014. Following this success, the bank’s
board of executive directors approved the second tranche.

“DPO 2, on April 29, 2015. The DPO 2 was captured in the
federal government external ruling borrowing plan of
2014-2017, which is pending with the national assembly.

“It is for the above reason that I seek your favour to
facilitate the consideration and approval of the Development
Policy Operation 2 (DPO2) loan of $75 million to enable the
state to consolidate on the first tranche of the operation.”

On Saturday, TheCable reported that the World Bank loan
was being stalled by the unending row between Buhari and
Saraki.

For World Bank to grant the development loan, the president
was required to write the senate. However, the letter was
written by Danladi Kifasi, the head of service, and addressed
to the senate president. The senate refused to act on it,
instead writing back to Kifasi to pointing out the procedural
error.

https://www.thecable.ng/finally-buhari-writes-saraki-75m-edo-loan

Baba knows what he's doing.. he cant just seek approval for such loan without having the plan of giving it a follow up of how its spent...

Take it or leave it... #BABAISWATCHING

You spend it anyhow.. EFCC is coming to you.. before you know it.. you find yourself in USA treating malaria in a bid to evade arrest..


check my signature for ur customised wristband.

This will not help saraki,he must go down for betraying APC

Chai,, money don come for that fine gal

so oshomole could use it to feed his wife.

$75 million? Na wa o.it is well even inside d well

Chai


No wonder the girl greee

She must have heard about the deal


LOVE IS WICKED.

[size=30pt]I DON'T CARE[/size]

Ok ooooo.

I wonder who helped the dullard write this letter, hes tryna steal money for his cattles through oshiomole we all know


When an illiterate rules the nation suffers

n

Saraki may not approve it

We don hear

Now I know why Oshio has been attacking Ngo Baby all d while...Simply cos Ngo refused to approve dis loan for him.

He resorted to been a finance spokesman for Bubu just to get favor for a loan.


Anyway, now I guess we wouldn't be hearing any more noise from him concerning Ngo Baby. His longterm wish has been granted.

Too much politics on nairaland is giving me headaches

Dollar rain for Lara

Ebyce:
OK that is d reasons of Oshomole suffering from d diarrhea of mouth!!!

Tanoids.. Receive wisdom!

PassingShot:
[size=14pt]It's a fact that Nairaland is full of teenagers and semi-literates! [/size]

E.g barcanistan, temitemi and this guy below

UnknownT:
Now Oshiomole will stop "shouting". He became the new Information/Propaganda minister because of this loan.

ok

That's big money. I hope they make use of it judiciously

Adam oshimole my big bros, I Dey come Edo oo. no wonder people they tell me say we resemble..

Even my wife just now now now after reading the post said why she know see say I resemble oshibaba for over 5years.

My uncle from another mama.. I dey come Edo ooo!!

75 million

this is a trap loan!

J

Ok

oya make i see weda sarathief no go approve dis wan abi who born monkey na. u av been messing up with everyone, abeg na beg i beg u in d name of God, just say NO and see urself disgraced on dat seat. yeye president of dumbs.

Loans loans...Nigeria is broke.
When will Osun and Imo state get their own?