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.

Details later…
https://punchng.com/breaking-buhari-writes-reps-seeks-fresh-5-513bn-loan/

ILLITERACY AND MILITARY STUBBORNESS IS WORRYING BUHARI.

He is deliberately leaving HUGE FINANCIAL DEBTS for the Southern political leaders that might immerge after he leaves office in 2023.

He has 2 years to complete his political manifesto and the last year is electioneering.

I am wondering what he needs all this money for?

Meanwhile, he is abusing the disposal of these funds.

BUHARI IS DELIBERATELY PLUNGING NIGERIA TO MORE FINANCIAL MISTERY.

Governor Ayodele Fayose warned Nigerians about President Buhari's rascality but only few people took him serious.

BUHARI IS PUTTING HOPE THAT CRUDE OIL MONEY THAT NIGERIA HOPE TO GET WILL PAY OFF THESE MONEY.

NIGERIA MUST BE RESTRUCTURED TO GET THE COUNTRY WORKING.

Nigeria is in trouble

The fear of buhari is the begining of debt

www.nairaland.com/attachments/11620324_2132929_jpegd89205f3a62632e2a8a4f2cac476329f

Carchoice:
This man will sell all of us before we know it.


Is he really aware of all these loans or some greedy elements are using their position to their advantage?

I can’t believe the Buhari I campaigned for is like this.

I’m still thankful we voted him because had it been we didn’t vote him, we would have thought he’s the solution to Nigeria’s problems.

Thank God we still have truthful people like you in Nigeria.

This is what you get when you elect imbeciles to lead a nation...very unfortunate.

Dariye:
Something needs to be done urgently concerning this administration.

I swear

We need to hold our lawmakers accountable

You can't just keep borrowing like these

You don't put us into debt just like & expect our generation yet unborn to service such useless loans

What are the achievements of this administration so far despite all huge Debt

Sai Baba! We support you. Hurry up and finish the state treasury this isis not our land.

This man has gone bunkers.

The criminals in government are simply misguiding this man.

Very useless man with no brain.
A man who have never in his life written any book, not even a diary. He has never delivered any intellectual speech in the academia, business forum that will benefit mankind like most presidents do.

A fool will remain a fool no matter how hard you try to whitewash him.

To all idiotic Nigerians who cued up to vote this mumu man, especially the religious bigots up North, I thank God that the matter is affecting everyone.

Onyi22:

It is you that will rust in jail

APC members spotted

naijanaso:
. 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.

Bros wetin dey. 120 black cows for forty years. I dey wait bubu mumu to come and defend this one oooo

Buhari till 2027,baba is doing well

the reason why is borrowing all this money is that he (Buhari) knows that this Country can't pay back the loans, because Nigeria break up is imminent.

dynicks:
Oboy forget it...the late sanni abacha was a learner when it comes to looting compared to what this government is...

U know say human being dey evolve

Sanchez01:

https://punchng.com/breaking-buhari-writes-reps-seeks-fresh-5-513bn-loan/

JEEESU we don enter am true true

Haaaa



FUNKE!

cashing out on covid-19...

Carchoice:
This man will sell all of us before we know it.


Is he really aware of all these loans or some greedy elements are using their position to their advantage?

I can’t believe the Buhari I campaigned for is like this.

I’m still thankful we voted him because had it been we didn’t vote him, we would have thought he’s the solution to Nigeria’s problems.

True talk, Me I don comot since 2016 from buharideen

The redundant coupist is hell bent on sinking nig!
The shithole is on a cliff edge!

NairaMaster1:
Eeeh? What's is happening? Are we sure the Buhari we knew still exists? Could it be that he doesn't have an idea of the implications? Where are we going from here?

No Buhari is not aware he is enslaving Nigeria with needless loans and borrowings.

naijanaso:
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

When he told you in 2015 that he borrowed to buy his apc ticket, shey you people called him a humble man

They should stop using the name of the dead to borrow money....evil ppl

Una never tire for loan?

Naija Don enter one chance

benzion72:
True talk, Me I don comot since 2016 from buharideen

The Buharimaniacs are still staying put.

naijanaso:
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

Buddy!
You not talking to Buhari here OK.

I also realised that the legislative arm is collectively in support of all these aimless borrowing..

The judiciary is also pocketed and handicapped as ever..

Every agency in the country is also a tool used,

Is this not a bad omen for a country as Nigeria?

Fuckery!

Nigeria have been caged! Another loan? For God sake how can we leave our country to Buhari and APC as a party to just come and destroy our country and put us in debt slavery like this! Truth be be told this government has nothing to offer anymore. We must arise and put an end to these nonsense!!

Let him continue borrowing for generations yet unborn. No ideas to create income ,only borrowing...halmark of a lazy,unproductive mind



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