Nigeria Has To Borrow To Fund Infrastructural Development, Says Lawan

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Senate President, Ahmad Lawan has justified the need for the Federal Government to borrow funds, saying it is necessary for infrastructural development in the country.

Lawan stated that funding the 2022 budget is based on significant borrowing, adding that the nation is caught between the devil and the deep blue sea.

“Distinguished Colleagues, as we all know the oversight of the implementation of the Budget is a critical function of the National Assembly. My Distinguished Colleagues, before we went on the recess, we considered and passed the Appropriation Bill on 22nd of December, 2021. That was the third consecutive time to pass the annual appropriation bill before end of year.

Distinguished Colleagues, as we all know the oversight of the implementation of the Budget is a critical function of the National Assembly. We must therefore strategize on effective oversight of the implementation of the 2022 Budget. This is going to be the last budget that would be fully implemented for 12 months in the life of the Ninth Senate. We, therefore, need to supervise very closely.

Distinguished Colleagues, the Petroleum Industry Act 2021 was enacted with a view to providing better investments climate for better performance by the Oil and Gas industry. The Senate therefore, need to seriously supervise the implementation of the PIA 2021. We must ensure that our country starts to benefit from the passage of the PIA.

I urge us not to be discouraged by the situation. We should make this year as the year for the final securing of our nation from the numerous security challenges.

 

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Has FG repaid fully the money they borrowed to fund 2020 budget ? Why do you want to borrow more ?

Lawan again

Criminal team.

Hmmmmm

Mr president you people amend the electoral law and send it to PMB for his ascent

C cream minals with agbada

We don't need the infrastructure again. Stop borrowing and focus on industrialisation. What sort of breast milk did this Nigerian leaders even suck?

Borrowing republic

Another borrow 💔🇳🇬

They can keep borrowing, that’s all they know best to do. 2023 is by the corner.

I don't think Nigeria need to borrow funds from foriegn countries

When will the borrowing stop

Make una kukuma sell Nigeria make we rest

You people are use to it😖

The Nigeria economic down slide is gradually heading to doomsday, would certainly end in chaos and perhaps a state of apocalypse when oil finally becomes valueless, no doubt! All thanks to a regime that decided to demarket her home business grounds to foreign investors.

Borrow borrow people! It is second nature to them. They should be advised to stop suffocating our children and our unborn children, please!!

This administration borrow money for a living 😭😭😭😭 Borrow borrow

Our ancestors sold their children into slavery. Now, our political leaders are selling a whole country and generation into another slavery. whatwesufferinnaija

Have you guys not had enough already...praying this administration don’t end up selling this country or whatever is left of it!

Make una leave borrowing make una just print more money

The ones wey we dey borrow since this government enter...where en dey go..

Pyramid of Debt toll still increasing.🥺

Pls Jesus watching you people

He has lived his past, his future, and just waiting for his present. What will Nigeria's 20yrs to come look like? Paying borrowed debt after the borrowers have gone, or lending to

It is only a leader that has no future that will indebt the future generations. The trouble in borrowing is not for Buhari, it's for the next generation.

You can not give what you don't have meaning borrowing to fund your audio projects is as good as nothing. Anytime I see your face I wish I could get hold of you and restructure your miserable face. Rubber stamp lawmakers.

Dose countries borrowing dese bad corrupt leaders are the biggest fools. Y would dey keep borrowing wen there's no accountability, no proof of development, nothing absolutely to show 4 it? Dem better collect deir money from dis government b4 them leave the office. Hate nonsense

Continue 🤔🤔

All these old fools don see everybody 4 dis country finish to be honest not even a single thought that this continuous borrowing is endangering the future of country one thing should know that a time will in country when there will be unrest people will complain don't

This administration is doom.... They are keeping to borrow because they know they will leave and another person will take over after 4years or when they are gone off the seat.... Bunch of fools that still believe they need to borrow to start and finish a project....

All of you will the Almighty someday

When I saw 'We're Back' on their official twitter handle, I just know this was the end result 🙄 mtchwww

And fund your parties too.

See his face like borrowed charcoal

What is being done to resolve this huge debt profile

On a daily, we have experts preferring solutions to the economic situation of this country but a purposeless government will glamorously open its rotten yansh.

Last card looting at play ▶️ carry on if una like sef sell the country make we all kukuma rest where una dey. Okpee

Na this kind people thunder suppose dey fire. This government isn't sincere because you can't have all the brilliant minds and resources and still clamour for loan in order to build infrastructure. Are you st**id or something?! Well, what do we expect from a govt like this?

When will she stop, borrowing?😭

And you are Okay with that right?

😁😁😁the looting continues.

Same borrowing this administration has been doing for years and nothing to show for it. Bunch of failures

For how long will you continue to borrow...make una get small shame fr una sef na U people have succeeded in destroying the economy of this country....incompetent leaders mtcheew

Mr borrow borrow senator plus president born with borrow money

Oh my country. The want kill us with bashi, which infrastructure hungry want kill us.

If you know whats right for you, leave Nigeria while you still can.

Before this man became the Senate president his news was always on social media with all blasphemy of being the best Senate president sofar now we can hardly heard him whisper ...

Borrow that is the only thing u people can offer for this country...see ur face like wheel barrow

Borrow borrow makes the nation RICH !!! Lol!

When will this stop? It is scary that we are borrowing frequently, can experts be called to help us ascertain our economic challenges. Please I am pleading- 🦅🦅🦅

Buhari and borrow is already 5/6 nothing is new anymore 😁

Sir,since you became president of senate with 9th assembly,has been borrowing borrowing and you're not bothered about it. You mean to say our treasury account is empty?

How much borrowing will eventually be enough?

They need to arrest this guy

🤣🤣🤣🤣🤣🤣 Remove politics from the North, they have nothing to offer, just hypocrites I am for ONE NIGERIA 🇳🇬 BLACK_EXCELLENCE

China, make una no give them any loan ooo dey no go pay.

Borrow, borrow nation. Problem is most of the borrowed funds are diverted into private pockets.

This is very uncalled for.....why all this borrowings.....God help us oo

Accomplice!!!

See his 'ponmo' face. No sense of patriotism at all..!

Give dem all CBN of the world...it doesnt stop the blood of an almajiri in them to wade away...no good results just conduit pipes

I spent a lot during my birthday, I have to replace those cash my fellow citizens. Infrastructure my foot

When will u people stop borrowing money ,haa! Make una no kill our future with gbese naa

After intercontinental birthday party

For the past 7 years the administration has been borrowing for same suppose. It’s obvious you guys are sharing the funds

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