Senate okays FG’s $5.5b loan request

Giving a breakdown of the sources of the credit, the committee chairman, Senator Clifford Ordia , said the Federal Government would source $3,400,000,000 at a one per cent interest rate from the International Monetary Fund for Rapid Financing Instrument to finance the 2020 proposed revised budget and other projects.

Besides, the House of Representatives has directed MultiChoice Nigeria, the parent company of DSTV and GOTV, to suspend its 15 per cent hike in all bouquets on its networks, which took effect this Monday. Claiming that since the beginning of the pandemic, the South African firm had not rendered any humanitarian assistance to the most populous black nation, the lawmaker argued that the increase in tariff would subject the people to more hardship.

Besides, President Muhammadu Buhari has directed immediate security for telecommunications infrastructure nationwide.The Minister of Communications and Digital Economy, Isa Ali Pantami, who disclosed this in statement by his spokesperson, Mrs. Uwa Suleiman yesterday in Abuja, stated that the office of the National Security Adviser , Defence Headquarters , the Nigeria Police Force , Department of State Services and the Nigeria Security and Civil Defence Corps had been notified.

Many predicted the present happenings in the Senate thru the leadership of Lawan as rubber stamp man.

political party/leadership parliative loan not for the citizens don't even espect anything but you no what all the unborn citizens of Nigeria we pay for this loan unbehalf of the this poeple

Obodo Nigeria! A na gwo gi ibi i n’eto afo. Azhi gbakwaa ihe ojoo.

Rubber stamp senate

How does he plan to pay back bikonu

I feel sorry for my generation because the only legacy this government is handing over is National debt. National mess from this government and worse in the history of Nigeria.

All the senators that supported the borrowing will be happy I guess ...... 27bn nor be joke o for just renovation

Who us going to pay all this Loans MBuhari realFFK ?

Kuku sell us oo

Who's gonno pay ?

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