JUST IN: Nigerians Attack Buhari Over Fresh $5.513bn Loan

May 28, 2020
65 Views

Nigerians have taken to popular social media platform Twitter to voice their displeasure after news dropped that the President, Major General Muhammadu Buhari (retd.), has written to the House of Representatives to request for the approval of fresh external borrowings totalling $5.513bn.

Buhari, in the letter read by Speaker of the House of Representatives, Femi Gbajabiamila, at the plenary on Thursday, said the funds were for 2020 budget deficit, financing of critical projects, and some states of the federation.

The President also presented a revised 2020 Appropriation Bill and 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.

The National Assembly had recently approved a loan of N850bn for the Federal Government, while another of $22.79bn, which the Senate has already approved, is pending before the House.

See reactions of Nigerian about the loan request by the President, with some insinuating that Buhari should just sell the country

You may be interested

BREAKING: Buhari Arrives In Lagos [PHOTOS]
News
News

BREAKING: Buhari Arrives In Lagos [PHOTOS]

Webby - December 9, 2021

President Muhammadu Buhari has arrived in Lagos. The President, who arrived at the presidential lounge of the Murtala Muhammed International…

Rakitic: Sevilla Will Learn From Champions League Failure
Sports
2 views
Sports
2 views

Rakitic: Sevilla Will Learn From Champions League Failure

Webby - December 9, 2021

Sevilla captain Ivan Rakitic admits there’s frustration after their Champions League defeat at RB Salzburg.The 1-0 defeat sees Sevilla eliminated…

Saudi-Arabia dashes hope of Nigeria pilgrims
News
17 views
News
17 views

Saudi-Arabia dashes hope of Nigeria pilgrims

Webby - December 9, 2021

Spread the loveThe aspirations of Nigerian pilgrims were dashed on Wednesday as Saudi Arabia barred all flights from Nigeria due…

Leave a Comment

Your email address will not be published.