The Federal Government is to borrow a sum of $5.513 billion from external sources to finance the revised 2020 appropriation and support state government meet their challenges occasioned by COVID-19.
In a letter to the House of Representatives, President Muhammadu Buhari sought the approval of the lawmakers to borrow the amount from the International Monetary Fund, the World Bank, African Development Bank, Islamic Development Bank, Export, Import Bank of Brazil and the African Export, Import Bank.
The letter which was read at plenary on Thursday by the Speaker, Rep. Femi Gbajabiamila states that $3.4 billion of the money is to come from the International Monetary Fund, $1.5 billion from the Works Bank, $500 million dollars from the African Development Bank, while the Islamic Development Bank is to provide $113 million.Details shortly…
The federal Govt should remember that No matter how Bad one sons or daughters are in a family, There will be reason to say one among is there Trustworthy ,,Why should those claiming working for The nation not answering to the peanut ,The nation wanted to borrow,, imagine !!!
The federal Govt, do not need to borrow any cent from any where on the ground that Those who are behind the cloud know that the Nation fund is not being used by the nation but Those sabotaging the economy in which case are already known , They do not need to fight against us,,
Borrow again
For covid-19 or what again?
Operation auction Nigeria
No need of seeking just give an order and your rubber stamp will confirm it
Abun da aka iya kenan chin bashi
Mr borrower mbuhari
He want to destroy Nigeria with accumulated dept because I don't think he belong to Nigeria.
This man is a Malian
I think the United Nations should award this government world best borrower
Rubber stamped legislatures, make approval without proper scrutiny and ensuring loans are properly utilized.
The borrower is always subjective to the lender, we Nigerians are slaves of other nations, stop borrowing so we can become creative...
You are borrowing money to pay your legislators. They will sign it because you want to share it. This is not Saraki but Lawan that promised to be your rubber stamp. You are still paying your legislators salaries and allowances with this covid issue.
One day we will wake up and find out that they have sold this nation my prayer is that It should be sold to the Americans or Londonians and let it not be China
Why is that this regime like collecting loan, there are many business you can do to generate more money instead of collecting loan..
Specialist is borrowing, I hail this government.
atiku NGRPresident ShehuSani PoliceNG SaharaReporters Nigerians we need to stand up n fight against the evil our govt r doing to us,we r scared to be jailed,killed or tortured,but we r already going thru all that n we acting like everything is cool,too bad!
atiku NGRPresident ShehuSani PoliceNG SaharaReporters MBuhari are we ever gonna be free from this modern slavery?r we ever gonna be free from the shackles of this dictatorship leaders we have allowed to continue to led us with final orders!
atiku NGRPresident ShehuSani SaharaReporters is Nigeria ever gonna get off the hook of international loans?our president said Nigeria is broke due to the audio coronavirus n ask us all to go back to farming,n here we r,our president is requesting another loan!
ShehuSani SaharaReporters MBuhari why do we continue to borrow international loans?why are y’all Nigerian govt doing this to we the innocent hardworking Nigeria citizens?havent we borrowed enough?what about the abacha loot?what about money recovers from Deziani
SaharaReporters ShehuSani it’s time for Nigerians to stand up and protest against our so called president MBuhari for the level n manner of international loans,omg another $5.513B?omg whr have we gone wrong?what about all the abacha’a loot that was given back?
No generatn is going to be killd by borrown,this has bn happening since 1914. This money can't just be lying down somwr doin nothn life is shrt, 💰 is met for spendg but spend it well for the bettrmt of citizens my concernd. Who is evn d set of ds generatn that wt 2 pay it bak?
This man won finish Nigeria with borrow borrow before e leave the post, nah leaders of tomorrow go suffer for this man shit
hi
What happened with the Abacha Looted Funds, the United States just repatriated to the Government Pls, the Senate has to Answer this Question! Thanks!
Stupid things,
Again what is happening is it the next level of continues borrowing money?
This idiot had no other job than borrowing money left right and center, let him engage journalists in a press conference so that they can ask him what he want to do with the money before reps can approve it , that's the only huddle he has to scale through before he can get it,ole
Oh God what a mess have idiots put us into. Anyone who voted for this man deserves a dead penalty.. See what future this kind of thing is building for Nigeria. What a mess this thing is.
Prepare o ye gates, and the king of Yahoo shall come in...
It will never be well with you Mr president.... Believe me.
A t'oko wa ba 'le je
From where? biko🤦♂️ another $5.513? Where's the abacha's loot $311m? Nigerians need to protest against buhari govt debts are too much.
The IMF should always enforce appropriation of these funds, not allowing these people to just share it on a round table.
Tf! Again? 😳
The only time he writes is always a request for loan
One day Buhari will use Nigeria as collateral to borrow money. This country is in for a real show.
Why can't we borrow from Tinubu, Amaechi, IBB, Magu, Sanusi and even Dangote? They are rich enough to help. The way we are borrowing from outside, one day they will come and carry the country and all of us inside o!
Now this is too much
B for buhari B for borrow borrow
That's the only thing is good at, he hasn't said anything about the mass killing in southern Kaduna. Please no take debts kill our generations finish!
When will nigerians rise to caution this administration over continuous loan? Is this administration doing this against the next government, or to keep nigeria impoverished forever?
Oga take this borrowing easy o, make una start from all Political Officials pay cut to raise the money.
This man don kill the economy shaa Keep on borrowing 🤦🤦
Despite all the debts, donations from COVID-19, and Abacha loot we are still going to borrowing market again.
Haba! is this borrowing every now and then not too much, i hope that i don't wake up one morning to see that the country has been sold.
Mr unaware is not aware of this request, let’s ask Mr Gambari why they want to kill us
Within a year this government has borrow what PDP borrowed for 16years.
Rolls royces, Bugattis and Ferraris must continue to be showcased and flaunted on social media. Please approve ASAP!
Another one?
Last those we owe will start buying the citizens when we can’t pay up the debts
This is Noh good to hear at all it's an Hear sore
At the end of the day we will never see any accountability for this money.
Hunmm😥😥😥
What's wrong with this man..?
How do we pay back all these borrowings?
Again
From where? How much interest?
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MobilePunch - 🏆 8. / 63 Read more »
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Source: Daily Trust - 🏆 13. / 51 Read more »
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Source: channelstv - 🏆 7. / 63 Read more »