Stella Dimoko Korkus.com: Senate Rejects Buhari’s $30bn Loan Request

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Tuesday, 1 November 2016

Senate Rejects Buhari’s $30bn Loan Request

The Nigerian Senate, on Tuesday, threw out the request by President Muhammadu Buhari to borrow about $30bn as 2016 – 2018 External Borrowing Rolling Plan.



Recall that last week, Buhari wrote the upper chamber, seeking its approval to borrow the sum from the World Bank.

The borrowing plan was to address the infrastructure deficit in the health, education, water resources and other sectors.

The president’s plans to borrow the sum was rejected by Nigerians, as many, including human rights activists said the proposed borrowing was not needed at such a time.

Their desire has however been met as the Senate overwhelmingly voted against Buhari's request after it was subjected to a voice vote.
Culled: TheWhistler



38 comments:

peace maker said...

Good to know

Mosi Jubelo said...

First sensible thing the Senate has done. You'll borrow and leave debt for the next government.
Let's generate our own IR and use what we have to develop. Nigeria should even be banned from borrowing.
Was watching Sunrise daily yday and the dude said that the $2B we borrowed, we paid almost $15B back.

BLACK Loves Queen and The Boss said...

Vuharia onye oshi

BLACK Loves Queen and The Boss said...

Can they impeach this thing already?

Tuscany said...

Hehehehe

Anonymous said...

Good one from Senate



Missylynn

Loveme Jeje said...

wahala dey. All the money efcc collected, what happened to it. he should use it for the projects.

Becky Divine said...

Very good!
Vuharia wants to start looting with borrowed money abi? Onye oshi mmuo

Suoebi(Niger delta finest) said...

Hmm for once the senate has done something good.vuhari want to borrow money give to his family members n then leave in 2018 for us to pay his debt mtcheeew what happened to the recovered looted funds what happened to the millions politicians are using to bail their selves from efcc,what are they using those monies for

Mao Akuh said...

Nice slow motion move

barbie micheal said...

Now they have done their first assignment well... endtime buhari

Giselle Lawrence said...

Hmm nigeria

Wild Rose said...

Shebi Efcc said $90b was recovered from the former minister of petroleum. Why borrow when we have it in excess... Mscheew...

Audrey said...

The ones he borrowed before, what did he do with it?

Spanish Lantern said...

YES!!!!

Anonymous said...

Thank God,this is good news. Worst President ever.smh#

Anonymous said...

Great News!

crouchingTigress said...

I like the sound of this.let this government manage the already exiating resources.

Cynthia Iyede said...

Better! This man should not subject the masses to begging na henn!

usani osim said...

The Senate has never had a better time like this ; someone need to keep putting this tyrant on check! Borrowing for water resources? What infastructural deficit?

This sector remain alien to me

Komimi Solomon said...

Thank God for the rejection from the senate. At least, their sense is still intact. Every ime borrow borrow, other nations no dey borrow from us?

charitybino said...

So Senate still get sense?

Anonymous said...

You cant find yemi, Lovelace and the others here

IJAY said...

Senate for once you people did something reasonable, good

Oluwaseun Kutı said...

Please continue to reject the "borrowing" proposals. Haba, does the Federal govt wish to mortgage our future ni? Orisirisi #deep sigh

modela6 said...

chai! see my president's face.

arit edet said...

Thank God his plans failed

Anonymous said...

AhhahhahhahahahaHahaah
Buhari-slaves

Lilly simple said...

And sisi Eko

Kwakwakwakwa

danny fisiye said...

Aiit



#NOV24

Chikito The Professional Fire for Fire said...

Stella This should carry that your 'great news' poster instead of that picture. I actually agree with their decision.

chim_oma chim_oma said...

Straight away.

Roseflower said...

Noo they can not impeach it ooh!!
People are still waiting for "CHANGE"remember?#Evillaughter**

Morgana said...
This comment has been removed by the author.
Nemerem said...

Borrowing is not the problem. He needs a clear-cut economic plan, powered by credible experts to oversee these resources. With the present team, I am afraid it'll be same old story.
Mr president please wake up!

Anonymous said...

Nice 1.... This Baba has got hidden plans. I guess he is running out money to help him tour the whole world like the tourist he is....smh

Anonymous said...

Hahaha this the best thing I have heard

Anonymous said...

Someone needs to check this oga.

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