explanation, and neither do those who have made up their minds not to believe. I cannot agree more with Femi. Yet, to carry the people along on policymaking and implementation, government has to speak with them, whether the minds are open, hold strong views or are even prejudiced. That is the reason why communication is a key element in the governance process, more so in a democracy.
The Senate had to break its suspension of plenary over the COVID-19 pandemic for the special session. This was because of the urgent need to provide legislative support to the Federal Government in tackling the pandemic and its socio-economic fallouts in Nigeria.
The obvious intention of the purveyors of this misinformation is to solidify their mischievous caricature of the ninth Senate as a rubber stamp legislative chamber. Whatever is stated here will not dissuade such people but will at least set the record straight and alert the unwary to their recurrent mischief.
The N850 billion loan request was, in fact, approved by the National Assembly long ago as part of the 2020 budget. President Muhammadu Buhari’s letter to the Senate President, dated 24th March, 2020, clearly referenced this fact. The president, in his letter, reminded the Upper Chamber that the 2020 Appropriation Act provided for N1.594,986,007,544.00 of New Borrowing, comprising N744,986,007,544.00 New Domestic Borrowing and N850 billion of New External Borrowing.
The summary, therefore, is that the President only requested the approval of the Senate to vary the source of a loan which the Legislature had previously given him approval to obtain.
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Facts About the Senate's Approval of Buhari's N850 Billion Loan Request, By Ola Awoniyi - Premium Times OpinionThe summary, therefore, is that the president only requested the approval of the Senate to vary the source of a loan which the legislature had previously given him approval to obtain… From this simple explanation, it becomes difficult to see how the Senate would have voted against a loan already … So the 860 Billion loan was part of the 2020 Budget that was already approved by Senate, which had its confirmation last month. What a shame to all the opposition voices, Buhari media team and e-intellectuals who knew about this, and deliberately misled others.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Facts About the Senate's Approval of Buhari's N850 Billion Loan Request, By Ola Awoniyi - Premium Times OpinionThe summary, therefore, is that the president only requested the approval of the Senate to vary the source of a loan which the legislature had previously given him approval to obtain… From this simple explanation, it becomes difficult to see how the Senate would have voted against a loan already … So the 860 Billion loan was part of the 2020 Budget that was already approved by Senate, which had its confirmation last month. What a shame to all the opposition voices, Buhari media team and e-intellectuals who knew about this, and deliberately misled others.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Emmanuel Onwubiko: Interogating the $3.4 billion IMF's loan - Daily Post Nigeria'Rather go to bed supperless, than rise in debt',-Benjamin Franklin. First I must confess that there is absolutely nothing wrong or untoward with I swear no way in hell I'm Collecting loans is my life by the Grace of God again. I believe you, and I support the loans with strict guidelines attached to its spending. Most of these loans are not coming in cash, it will be given by helping Nigerian govt to spend it on specific projects they wish to spend them, so that they are not embezzled by the parasites This is very accurate and authentic as I read in between lines. Nigerians should rise up and say NO to all these corrupt practices rising on daily basis.I won't be surprised to hear one ugly story that wl set an end to this borrowed money.
Source: DailyPostNGR - 🏆 11. / 59 Read more »