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Home Forums News President Buhari wants to borrow $4bn: What are your opinions?

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  • #21542
    Okey_14_boi
    Moderator

    President Buhari wants to borrow $4bn: What are your opinions?

    President Buhari wants to borrow $4bn: What are your opinions?
    President Buhari wants to borrow $4bn: What are your opinions?

    “I write on the above subject and submit the attached addendum to the proposed 2018-2020 external rolling borrowing plan for the consideration and concurrent approval of the senate for the same to become effective.

    “The distinguished senate president may recall that I submitted a request on 2018-2020 borrowing plan for the approval of the senate in May 2021.

    “However, in view of other emerging needs and to ensure that all critical projects approved by FEC as of June 2021 are incorporated, I hereby forward an addendum to the proposed borrowing plan.

    “The projects listed in the external borrowing plan are to be financed through sovereign loans from the World Bank, French Development Agency, EXIM Bank and IFAD in the total sum of $4,054,476,863 and €710 million and grant components of $125 million.”

    The national legislature approved loans totalling $8.3 billion and €490 million in July, as part of the initial borrowing plan for 2018-2020.

    Read Also: Zahra Buhari showers praise on her husband, Ahmed Indimi, see what she wrote

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    okey_14_boi

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    • #21590
      Seyibabs8
      Moderator

      Opinion on a clueless government that does not even understand themselves… let him go and borrow it and put the country into more debt… 2023 is around the corner, will use my PVC to flush APC out of this country.

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    • #21624
      Tolu
      Participant

      That is the only thing dy no how to do….

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    • #21639
      Chichi
      Participant

      borrow borrow nation, they have already sold this nation to modern colonial masters…

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    • #21644
      John Adeleke
      Participant

      what are the reasons for their borrowing, can they ever be transparent with the same people that put them in power. thieves…

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