$30bn loan: Senator Adeola says money necessary for development | The Guardian Nigeria News - Nigeria and World News

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”We need a large chunk of money to get all these projects completed.

Adeola made the statement in Lagos while speaking with newsmen at the End-of the-Year-Party he organised for residents of his Lagos West Senatorial constituency.

”’The 30 billion dollar loan the Federal Government is sourcing for is not one of those frivolous loans; this is a loan that is tied to projects. ”Again, the government needs this loan to execute those projects that would impact and transform the economy and put the country on the path of progress. So, the loan is necessary,” he said.

Adeola said the country’s economy was on the course of progress and it would even get better with the policies of the executive and the interventions of the National Assembly. He said the National Assembly had amended the Public Procurement Act to increase the mobilisation for contracts from 15 per cent to 30 per cent.

 

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See ole them

so u can wack most of it, wat have u don as a senator for lagos west?

Swampy brain senators

See his ereke like large chunk of money

Do he even have a repay plan

Anyone who have issues with the loan should give 🇳🇬 the money so that she will not have to borrow. What Diezani, aluko, the jonathans, atiku, obasanjo, saraki, dasuki and his gang, etc of the PDP stole alone is more than the money in question. PDP, help 🇳🇬, return your loots!

I never liked this man

Help fetch his handle pls🙏🏽

How will NGRPresident MBuhari pay back the loan and its interest when he himself has one leg in the grave already. It's a loan that will go into people's and bureaucrats not banks. When he is no longer president how will NGRSenate HouseNGR ensure its paid. Do they have a plan

Ajibole OLE thief

Money is not the problem. The main issue is accountability.

When you swear by the Bible or Quran that all the monies would be judiciously used for projects and not swallowed by snakes, only then we would believe your argument.

N37billion talking.

Rogue!

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Why Senate approved Buhari's $30bn loan request - Senator Adeola - Daily Post NigeriaChairman, Senate Committee on Finance, Sen Olamilekan Adeola, on Thursday, said the plan by the Buhari government to borrow about 30 billion dollars and Repping Alimosho Tell him to count out 2nd Niger Bridge bcos FG counter funding has been done (30bn). It is a PPP n BOT basis. D bridge will be tolled. Thousands people in Nigeria were dying as a result of hunger
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Why Senate approved Buhari's $30bn loan request - Senator Adeola - Daily Post NigeriaChairman, Senate Committee on Finance, Sen Olamilekan Adeola, on Thursday, said the plan by the Buhari government to borrow about 30 billion dollars and Repping Alimosho Tell him to count out 2nd Niger Bridge bcos FG counter funding has been done (30bn). It is a PPP n BOT basis. D bridge will be tolled. Thousands people in Nigeria were dying as a result of hunger
Source: DailyPostNGR - 🏆 11. / 59 Read more »