Stella Dimoko Korkus.com: President Buhari’s N850bn Loan Request And Senate Approval -Your View

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Wednesday, April 29, 2020

President Buhari’s N850bn Loan Request And Senate Approval -Your View

The Senate has approved president Muhammadu Buhari's N850bn loan request. 


EIGHT HUNDRED AND FIFTY BILLION NAIRA!!!!





Buhari had sought the Senate’s approval for the loan to fund some projects in the 2020 budget.

He sought to raise the loan from the Domestic Capital Market to finance critical projects and programmes in the 2020 budget and said the recent developments in the global economic environment occasioned by coronavirus and decline in international oil prices had made it less attractive to borrow from the International Capital Markets.

 What do you think about this development?Are you wondering where all these monies go into?

I have not heard anything about building a world class hospital in Nigeria....

23 comments:

  1. Replies
    1. Sorry to offend anyone but Nigeria is a lost cause, only if God steps in. Really wish I wasn't a Nigerian. 😪😢😥

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  2. My reaction is the same as the dog's in the picture above

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  3. I wonder what that old man is doing with all these money and how are they going to pay back these loans?

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  4. I dont see any need for these loan cos they won't use it well

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  5. Despite the fact that we are extremely religious in this country,i honestly don't know why God cursed us with our leaders,including the past and present. Whoever wants to do good for this nation gets assassinated!!!!

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    Replies
    1. Upon all the trillions wey dey ground,dem still wan borrow billions.whick kind greed be this? What happened to all the loot they seized and the loot in their possessions.rubbish government,they just wanna get Nigeria into debt

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  6. the situation we in has gotten to a level of chaos,that cant not be determined by the present epidemic.

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  7. We would be left with nothing in reserve, we would be so in debts and a Great Recession soon.
    Our past and present government are making sure of that.
    They only enrich themselves with the country’s wealth.
    When will all these end?

    TeachMeEnglish

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  8. I'm certainly not A LOAN in saying that Buhari regime is seriously mortgaging the future of our unborn generations.
    The much touted transition of the economy from mono-product reliant to a diversified agro and service-based one is just another propaganda.
    Yes we must finance the budget deficit, but must we undertake the captured projects in this budgeting cycle. Let's move some projects to 2021, and cut down on recurrent expenditure.

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    Replies
    1. They hardly feel the pulse of the people.
      One may question the rationale for talking to leaders who are hard in evening.
      Well it's being said that no one tells a deaf man that war is coming.

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  9. I don't know what to say, the only problem we have in Nigeria is leadership. I wonder if Nigeria is redeemable. May God help us.

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  10. All I can say is I just pity the next president that is if this country is still intact until the next election. This is the highest loan ever collected in d history of Africa. Obviously it would be squandered. The question here is, How do we pay back?? Nigerian's economy is majorly based on oil, with a barrel of oil now $11 per barrel, I just wonder. Worse government ever, I ve never seen such useless, clueless hovt with no direction, all they do is loot.

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  11. Let them kukuma buy Nigeria and give us the cash

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  12. This money too will enter voicemail

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  13. THIS LOAN IS NOT EVEN FOR CAPITAL BUDGETS. NIGERIA CANNOT PAY SALARIES OF CIVIL SERVANTS

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  14. So where is the detailing step by step what the money will be used for? Which states will benefit, which sectors will be impacted? The article is extremely vague on how the money will be used. Too vague for comfort, when something is so vague then there will be no accountability.

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  15. What is the need for this money na

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  16. I am still waiting for the day the Ahmed led Senate would balk at some demands made by the Executive.The guy is just too ready to carry out their bidding.Dull guy!

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  17. It doesn't make sense as all they do is borrow and share. It will not be invested or used for anything meaningful. The oil they depend on to pay debt has crashed, so how do they intend to pay??

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  18. Advances on payday Loans stretch to the next payday. The loans are apt to have strict fees attached. If you are behind in payments of utility invoices, you might want to ask for an extension and then work with your service providers to pay off the arrears.  nationalpaydayloanrelief

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