Buhari seeks Senate’s approval for $30bn external loan

President Muhammadu Buhari on Thursday asked the Senate to approve an external loan of $29.96 billion to execute key Infrastructural projects across the country.Buhari in the letter said he decided to represent the request for external loan of $29.96billion, part of which was rejected by the Eight National Assembly, to finance key projects in different sectors of the economy.

“Pursuant to Sections 21 and 27 of the Debt Management Office Act, I hereby request for resolutions of the Senate to approve the Federal Government’s 2016-2018 External Borrowing Plan as well as relevant projects under this plan.Specifically, the Senate is invited to note that : While I have transmitted the 2016-2018 external borrowing plan to the eight National Assembly in September 2016, this plan was not approved in its entirety by the legislature.

“. That outstanding projects in the plan that were not approved by the legislature are nevertheless, critical to the delivery of the government’s policies and programmes relating to power, mining, roads, agriculture, health, water and educational sectors. “Sustainability analysis undertaken by the Debt Management Office were approved by the Federal Executive Council in August 2016 under the 2016-2018 external borrowing plan.

MBuhari NGRSenate Were are all the money going to, we borrowed always will out no infrastructure on ground,as for me let remains like this.

MBuhari NGRSenate Another loan !

MBuhari NGRSenate We are completely finished.

MBuhari NGRSenate The Federal ministry of national assembly will approve it nah.. what a useless set of government.

MBuhari NGRSenate Lets tell ourselves the truth, Nigeria is BROKE and i wonder how the budget will be finance.

MBuhari NGRSenate The rubber stamp national assembly could approve it but if they know what is good for them they should reject it cos that man is planning to wreck this country

MBuhari NGRSenate Right...!

MBuhari NGRSenate Smile

MBuhari NGRSenate Buhari is ready to finish this country,haba?

MBuhari NGRSenate For what reason?

MBuhari NGRSenate What will he use d money for......we r doom in dis country

MBuhari NGRSenate Another borrowing, is this nation cursed?

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