The Nigerian Senate has approved the fresh N850bn loan request by President Muhammadu Buhari to fund some projects in the 2020 budget.
According to the letter, President Buhari seeks to raise the loan from the domestic capital market to ensure adequate funds to finance projects in the budget.After the letter was read, the lawmakers gave accelerated approval to the President’s request to raise the loan. They also asked the Senate Committees on Finance and Appropriation to liaise with the Minister of Finance, Budget, and National Planning, Zainab Ahmed, to get more details on the loan request.
Earlier the lawmakers resumed plenary on Tuesday morning after spending 36 days at home following the outbreak of Coronavirus in the country.
NGRSenate MBuhari Putting Nigeria in more debts
NGRSenate MBuhari Pls when PMB is ready to sell Nigeria for ₦1m let me know so I can purchase. What is so emerging that they will urgently grant him ₦850b loan now? I'm pittying all of us that will live to pay the bills through hard labor Sha. Soon, tax will be 20%
NGRSenate MBuhari Doomsday looming!!
Samuel4Olufemi NGRSenate MBuhari What is the loan for?
NGRSenate MBuhari Apc regime can't create wealth from huge natural resources in Nigeria, the are busy borrowing & sharing among the Fulani cabal & loyalists.
NGRSenate MBuhari Almighty God!!! I pray to u Baba to pls, assist dis country with a visionary President dat will come on board after dis disgrace govt.A govt dat will send d rubber stamp lawmakers to jail with all their property seized including their bank account. Amen
NGRSenate MBuhari Youths are story now
NGRSenate MBuhari This guy don hammer.
NGRSenate MBuhari They ruined the younger generation lives but not giving them opportunities & now they keep introducing the young generation into slavery. So we did be paying debts we didn't benefit in d future 😢
NGRSenate MBuhari Was this the main reason the emergency section was called? Am pretty sure my generation may not be able to pay these debts pilling up..... Hopefully my grandsons will cos am not so sure my sons can. Its getting worse.
NGRSenate MBuhari Debit the receiver Lawal the giver and approval
NGRSenate MBuhari This man Lawan is better than saraki or any other senatorial president candidate?... APC are not just looters there are worse than the PDP and the Nigerian slave traders that sold their fellow relatives to the British etc... Shameless bunch of bastards!
NGRSenate MBuhari Rubber Stamp...
NGRSenate MBuhari Nigeria need to arise now. This loan should be use properly not hijacked by one man pocket and properly use by what it's lend for. God bless our dear country
NGRSenate MBuhari Instead of the Senate to pass a bill requiring the administration to ensure the repayment of the loans they are taking, not to leave debt without means of repayment for the future generation.Families of current public officers will be given as repayment to creditors in the future
NGRSenate MBuhari This dudes wan to suck our furture
NGRSenate MBuhari please can someone explain to me the previous money this administration borrowed what they had done with the money? Say no to another borrowing ,they 're incurring dept for children yet unborn.
NGRSenate MBuhari We’re really in trouble. Imagine we’re still heading to 2023🤦♂️🤦♂️.
NGRSenate MBuhari Borrow borrow. Nothing to show for it
NGRSenate MBuhari LongLiveNnamdiKanu what is love that one will give up itself for his people this man loves freedom he love truth one will argue and say isn’t he a human?Yes he is but he has conscience which makes him different and real to me that’s why I followed him and still following him
NGRSenate MBuhari Beggars don't think Because they find it comfortable begging
NGRSenate MBuhari Extra loot approved for the MBuhari and his cabal...
NGRSenate MBuhari All these loans acquired uppadan I know its for upcoming elections in 2023 once buhari leaves that seat am so sure another northern ruler is bound to take over .. Hausa's can never let go of that mantle smh
NGRSenate MBuhari I believe somebody is using Buhari’s name to collect loans in this Country! Abeg Jubril .
NGRSenate MBuhari Submitted today, approved today immediately. God take me away from here.
JohnEdidiongEdw NGRSenate MBuhari The president that will take over from Buhari, will have a lot to do. The presidential seat doesn't look tempting now what various debt pilling up.
NGRSenate MBuhari They should just place the country on SALE
NGRSenate MBuhari 2020 850bn loan 2021 upcoming loan 2022 upcoming loan 2023 upcoming loan
NGRSenate MBuhari For 5 years he have been borrowing money. Borrowing money anyhow and any time. Have he pay back the money he borrowed? Before borrowing another one. Buhari have finish Nigeria. No plan to pay back the moneys he borrowed but keep continue borrowing. Useless leaders
NGRSenate MBuhari What is this loan for? Nigeria why?
NGRSenate MBuhari Shit
NGRSenate MBuhari Evidence of a failed state now living on monthly loan. The wouldn't mind to get a loan from d*mon so far as it can sustain the enclave for time being.
NGRSenate MBuhari This is the reason why they decided to resume plenary. This country is in a mess.
nassnigeria NigeriaGov MBuhari Last last, una go sell this country, a leadership that lacks innovative means of revenue generation. I fear for Nigeria o.
NGRSenate MBuhari Where are these cash going to? No good road network, no electricity, no pipe borne water, high level of unemployment and underemployment, high crime rate, people hardly feed 3 time daily etc, but we continue distributing these monies to State on monthly basis. We've lost hope.
NGRSenate MBuhari At the end of the time you wouldn't even know where the whole money goes to.....
This 9th assembly have totally put the future of our children into everlasting debt slavery that only God will rescue then
Hmmmmmm N850 billion loan . Wonderful
Letsjust sell the country and share the money between ourselves
NGRSenate MBuhari
pls, can someone tell me what this man is doing with all this huge loans he's taking? what happened to all the money EFCC recovered from corrupt politicians? and none of it is reflecting on average Nigerians.
NGRSenate MBuhari From change to next level, if it were possible these people will use Nigeria as a collateral.
Nigerians are funny sha. You put a man that has never successfully run anything productive as president and expect progress.. What a silly country
NGRSenate MBuhari The borrowing isn't the problem, it is the timing and as well the purpose of the borrowing. Before the pandemic, the reasons for the fund were not justified so why not remake the plan and borrow for the right reason
NGRSenate MBuhari They will soon burn another office
Sinzu!!!
NGRSenate MBuhari Play the video yourself
Borrow borrow president,,, I regret supporting this regime in 2015
I just hope one day the won’t use the citizen to borrow money.
There was a country.
NGRSenate MBuhari Where’s late Gen. Sani Abacha’s recovered loot..? Where’s all these past loans that ends up being looted by Aso Rock cabals rather than being utilized to serving the masses needs? For how long will this Buhari’s regime cabals keep requesting for loans? These men have destroyed 🇳🇬
NGRSenate MBuhari So that is the reason why they rushed Back for plenary, this country is really a joke
NGRSenate MBuhari Approving a loan you have no detailed information about what exactly the loan will be used for is gross irresponsibility...
NGRSenate MBuhari For what again
Most of una wey dey talk vote for APC during the election. Stop complaining, we are in this together, we die here🕺🕺🤣🤣🤣🤣🤣
That what they do best.
We've been sold by our leaders 💔
If the NASS like they can approve a loan of $1trillion. The real question is : where will they get the money from? How many countries are giving out loans at the moment?...unless the FG will just print more money...
Which budget them de fund?
NGRSenate MBuhari Birds of same feathers. We’ll see how you’ll pay back. The world must bear us witness that we said it was on you and not on us.
A failed country, sigh.
This is the Twitter handle, mac_nelson_Gen follow for more updates on new technology... About FUELESS GENERATOR..
juustlanre Spending 🥳🥳
Thank God MBuhari has secured a loan so as to give every citizen 20, 000 each....wait oo, am i not typing in nonsense?🤷
How long will this continue
Nigeria is a failed state
Buhari has finished Nigeria.
Nigeria government which level
Some fools will keep on defending this headless idiots,loans upon loans...APC will kill this country with their useless style..He’s not shy to borrow money again
This people are just bunch of fools that has no vision for the dead Nigeria, only Biafra and Oduduwa can solve this problem
Major cash out
Lol... borrow to do what naaaaaaaaaaaa?
Rubber stampers
Ok🚶🚶🚶
They have already sold this country . The real owners will come and just tell us to pack out one day !!
NGRSenate MBuhari Those Crying About Zambia Being Taken Over By Chinese Should Wait Till BUHARI Leaves Office & the Amount He borrowed Will be Known to the Public. Chinese will forcefully Change some of your names to Wun Lee.
NGRSenate MBuhari Extra level in anticipation, we warned you before but all our efforts went into deaf ears now the poor masses are being struck by the whirlwind of hunger as a result of the lockdown with ineffective palliative measures in place. Indeed there was a country.
Loan for what again
Something smells fishy 😏
What do you expect when he removes saraki to replace his favorite.
Pls wat is that meant for? To fight covid that God is fighting for us? Or for d audio palatives? God have mercy and give Nigerians sense to fight there fight.... hmmm, indeed if we don't kill d few, they will kill us wit our generation unborn, God forbid abi
They will soon tell us that they are sharing it to the poorest of the poorest.
Ore_Alab1 I like how you call it Fresh😂
Loan..........Again
They resumed to approve it not to discuss a way forward for the good Nigerians
Nobody is taking money to heaven oooh MBuhari remember your guy abba 🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️
OK! Can we at least get free electricity for 3 months? Let us have the crumbs of the national cake biko
The way Buhari plans to leave Nigeria broken, only atiku can get it working again..
The country has already been sold to the Chinese, every Nigeria should be ready modern slavery by the Chinese, Fulani's don't know how to make money they only know how to embezzle money.
So this is why you returned back to plenary. You all are doing well
DrAhmadLawan I hope you can see how you're impoverishing the country? Get ready to pay back all the loans you've been approving for the clueless FG.
They're back to approve loans. Useless set of people.
NGRSenate MBuhari Baba just cashed out again.. Sinzu money I see you
So they met to approve the loan.
NGRSenate MBuhari We are always fighting for the Seat of the President in this country whereas we need to focus more on our national assembly and Senate. Most useless bunch of people in Nigerian politics.
We miss Sariki oh.... Chai.... Even if they put Nigeria for sale after plus and minus nothing remain again...
Abi nah give away in form of loan... Who's pating back this loan?
Am just imagining how life will be in Nigeria after covid 19. Borrowing everytime without impact or substantial effect of the borrowing.
Lmao... the entire world needs money right now, its a global thing, the IMF is running out of fund.. well, i hope they'll be able to give satisfying and detailed explanations on how they intend to utilize the fund 'IF' granted, which i doubt
NGRSenate MBuhari Loveday_35
If this people think they can borrow themselves out of this, they have something coming. Useless people
I won't be surprised if the NA gets burnt any moment from now. This might sound as a joke to many, but it's highly possible.
THE KINGDOM OF DARKNESS (NIGERIA) YES THEY WILL APPROVE IT BECAUSE THERE IS NO BUHARI ANYWHERE. THAT APPROVAL IS FOR THEMSELVES. LUGARDIAN GOVERNMENT. NIGERIA IS RUNNING (ELITEOCRACY) GOVERNMENT FOR THE ELITES BY THE ELITES. APC !! SHARE THE MONEY !! APC!! LOOT NIGERIA DRY !
Another loan
Congratulations Baba, where do we borrow the one for next month? Ahhhhh sorry, China is our friend
They said agriculture is working that we r diversifying.... BOOM!! Oil price is dwn n we hv noth to hold on to
🤣🤣🤣.🚶♂️🚶♂️
NGRSenate MBuhari Nigeria is sold😥😥 No two ways about that.
NGRSenate MBuhari How do we repay this in 5years 🤔
This man will not kill us with borrowing i tot to them nigeria is working n we are progressing how come we only borrow
I laugh in Chinese Clowns🤡 have Approved N850bn loan for another 🤡
NGRSenate MBuhari Zinzu money
For what in particular?
Kilo kan Niqqa
I thought AjuriNgelale said MobilePunch was transmitting fakenews. Smh
Terms and principle in securing a loan include collateral, can someone highlights the collateral of this loan, before one knock my door and said you are...
Loan loan loan.... Nigeria is finished. What's this going on please? Can't we live out of loan? Too bad!
NGRSenate MBuhari Hmmm, this present group call themselves a government wanted to destroy the future of our unborn generation to a quarck debt loan that they do not hv a way to pay back.
850 billion naira to take Nigeria to the grave. Wow. MBuhari
Time to embezzle Nothing to account for. Backward leadership 💯
It will all end in tears 😢
Another money to loot
NGRSenate MBuhari Rubber stamp legislators
NGRSenate MBuhari SPENDING!!!!!
That was quick
Huncle kuku sell this country ASAP
Can u imagine loaning money just to loot? Las Las we go auction 9ja for olx or jiji to off-set her debt... 😁
NGRSenate MBuhari Una go tire!!!!
This is why they reconvened today. SMH
Hmmm.. another pay cheque for sinzuu spending🤔
NGRSenate MBuhari Hope these leaders have not finshied eating our future. The rate of borrowing eehn😓😓
Of cos Nah, their chop money dey inside the loan 😆
Loan for what? To satisfy their lavish life style while the poor are suffering and dieing.what is the essence of having a national assembly when all the do is only for there pockets.i pity our generation unborn because Notting will be left for them.
Please this loon is to finance some project in the 2020 budget unlike the PDP regime
I think NIGERIA is completely sold.
This government done use Nigeria do ritual I swear 🙆♂️
Our Senate is a BIG JOKE, they gave accelerated approval before KNOWING DETAILS of loan request. After approval, they then asked Senate Committees on Finance & Appropriation to liaise with the Minister of Finance, Budget and National Planning, Zainab Ahmed, to get more details.
NGRSenate MBuhari Which way Nigeria...
woah, so fast....Sinzu Swift 🤣🤣
Why won’t they approve.... when they are already broke .. Mtcheww
Make dem just sell Nigeria already. Awon Weyray
NGRSenate MBuhari Oh these people don finish naija😫
KKNMUSIC9JA These ones have already borrowed the country’s future away 😀
What's the loan for? Am really sick and tired of this people. Is this the true reason why they resume seating🤦♀️? God abeg oh.
That is why they resumé... Can't we use our resources : gold, diamond, agriculture etc to create jobs and build this nation for God sake why our leaders are like this 😶
Hmmm
Which kind loan a again. Money they will collect and share ko
Follow for follow.
What a country
God you won't save Nigeria because it's not your hand made but British made, but I'm only asking for your mercy on the human beings who's trapped inside the British made model who's hope is to borrow for a survival, save us dear Lord, oil money since 1970 we have nothing to show
Politicians...😠😠
He wasn't shy to request for loan abi
Good news!
There was a Country
NGRSenate MBuhari Why loan again
What's the collateral?
NGRSenate MBuhari The way this country is going borrowing, how they won't borrow their future
Next post will be Nigeria is sold for loan refunding
Sinzu
Bholarjeee NGRSenate MBuhari Nigeria ti tan😒🤦🏼♀️
NGRSenate MBuhari Now I understand fully the purpose of their resumption after this they will go on break
NGRSenate MBuhari Who is NGRSenate? It’s time to start publishing the names of these” yes yea “ senators who gang up and approve these loans like lighting McQueen. Just for the day of reckoning.
NGRSenate MBuhari Wake up Nigeria our problem is within us. Our solution to better our country is also in Us enough of all this political problem we are facing from generations to Generation since I was born from 1984 till this my age Nigeria never get better instead getting worse every year
Our loan is bigger than our resources
kukuma come and carry us to do collateral a
It's cash out oclock
NGRSenate MBuhari Don't you think it is time to start recalling our Senators & Rep. Member for not representing us well? All of them are there saying 'Ay!' to whatever the man reads to them!!!😠😠😠😠😠😠
Ehen... Another gbese, u na pikin go pay part of it I swear
This is so unfortunate! We are buried in debt! Anyways I will follow everyone that like this tweet, kindly follow back when you see the notification.
Sahara reporter please you can do better for the masses by making the headline. Bearking:100% Rubber stamp senate Approves Buhari's fresh N850bn Loan request... naija going going and may be gone too soon..im sorry for the unborn generation that will inherit this debt by this pple
Them sha don use all of us borrow money finish...
NGRSenate MBuhari This Buhari want to make us a debtor to the whole world where are all those billions going to
They are not concern about present situation of difficulty In people living standards and how to reduce hardship only what will enrich themselves. God will one day give us better leaders
That was fast.
How much loan in total now
It won't be enough so kukuma round it up to 1 trilly
Major AL-Mustapha said 'As at that time Crude was $7 $8, No loan was taken to run Nigeria' Today, our Leaders can't think outside the Box after all there is the reliable alternative of taking loans. Loans the 5th Generation to come will not be able to pay off
Rubber stamp lawmakers!!
Nigeria is finished kpatakpata.
NGRSenate MBuhari I am in shock. Just read that MBuhari requested this loan and shortly after I am seeing the news of the approval of same by the NGRSenate. Do these guys ever review anything,do they analyse, question, critic anything brought by the presidency? A Senate of of mediocre.
NGRSenate MBuhari We doomed!!!
SeunKOlajide
Everytime loan.
Usless Senate , u people will also benefit from this morning that is why u all approved it, finally putting this country into owing for as long as no body knowns when it will be paid. Were is our president and vice president Senate members? Covid-19 is ravaging Nigeria, fight it.
🤣🤣🤣🤣
Yeye yeye
Cashing out time abi?
NGRSenate MBuhari They always do their wish not what Nigerian request from them, but my own concern for now is that FG is owning me money and I need my money back. Buhari Govt owning me some money, my two month salary I loose because of this lockdown I most get it from FG
If we don't kill this leaders dey will kill us ...simple
Coro Bebe pls touch the lives of people borrowing money here and there onbehalf of Nigeria and leaving us all stranded ...Biko
That's their only call to duty, to approve borrowing.
NGRSenate MBuhari 🚶♂️🚶♂️🚶♂️🚶♂️
Just put Nigeria up for sell on EBay!
For what
Haa...just like that. Wonderful!
This government keeps borrowing and borrowing. Leaving an unwanted gift for generations. The annoying part is that with all these borrowings in Nigeria past and present, there is little or nothing to show for it. Let's look inward as a country.
And what are dey using this billion to?
Thank God kyari is resting well ooo. They for put m for him head. Rest well kyari
Oshey! Sinzu money smiling to the bank. Maga don pay. Luckiest president ever🤣🤣
One chance indeed
NGRSenate MBuhari We are finished 😂😂😂
This country go pay debts from generation to generation.
Sinzu keeps spending
NGRSenate MBuhari “They also asked the Senate Committees on Finance & Appropriation to liaise with the Minister of Finance, Budget and National Planning, Zainab Ahmed, to get more details on the loan request.” Senate is a BIG JOKE, they gave accelerated approval before KNOWING DETAILS of request
Correct, make dem just sell the country.
Sinzu money has ordered again. Jumia has delivered. Okurr
Approval without Insight Scrutiny = Mortgaged Future👍
NGRSenate MBuhari Nawa MB am just speechless 😶
NGRSenate MBuhari That's the mean reason Senate resume plenary today... Barayi kawai
DrAhmadLawan you and MBuhari should sell Nigeria now okay, idiots
Senate president is working
On a lighter and more serious OBJ talk am say Buhari is not an economic man and no wonder we can see the handwriting on the wall. I don’t know how Nigeria will be in 2023 before Buhari exit from power. Nigeria might be another Zimbabwe or Haiti. Scary
Finally China has bought Nigeria
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