Buhari writes Senate, seeks approval for $5.5bn loan

Image result for Buhari writes Senate 2017 budgetPresident Muhammadu Buhari has written to the National Assembly seeking approval for a loan request of $6.5 billion to fund the 2017 Budget.

Buhari’s appeal was contained in a letter read on the floor of the Red Chamber by the President of the Senate, Senator Bukola Saraki, on Tuesday.

The money consists of $3bn of external loan, and 2.5 billion to be raised through Eurobond or Diaspora bond in the international market.

In the letter dated last Wednesday, the president also said the budget has a 2.4 trillion naira deficit.

5 Comments

  • Must we continue to be a borrowing nation? Are we not out of recession? What happened to the trillions of monies collected from our “corrupt” Nigerians? My President, please don’t bury us alive. We are still struggling to stand up from were you kept us.

  • Must we continue to be a borrowing nation? Are we not out of recession? What happened to the trillions of monies collected from our “corrupt” Nigerians? My President, please don’t bury us alive. We are still struggling to stand up from were you kept us.

  • Must we continue to be a borrowing nation? Are we not out of recession? What happened to the trillions of monies collected from our “corrupt” Nigerians? My President, please don’t bury us alive. We are still struggling to stand up from were you kept us.

  • NA was woooo
    Nigeria pepole we day in trouble no lite no food no water no school no enjoy noting going on
    na wa wo ah

  • NA was woooo
    Nigeria pepole we day in trouble no lite no food no water no school no enjoy noting going on
    na wa wo ah

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