Reacting after the House approved federal government external borrowing plan under the 2016–2018 Medium Term External Borrowing , he maintained that usage of the loan fell short of the expectations of Nigerians.
“Secondly, it is an infrastructural sufficient to give impetus to the eastern corridor passing through South-South, South East, North Central and North East. And if you check all these areas what you’ll see, is that we have trouble from Boko Haram to agitations to militancy; we have challenges in these areas and when you don’t undertake economic activities that will improve it, you are not helping.
“We looked at this as Nigerians and our expectation is that there should have been some more prudence to this effect. So we appreciate the proviso that there should be South-East in the next borrowing plan but it’s a promissory note. If you go to the bank if it’s your bank you’re lucky because it must be initiated, so we felt that this loan approval should have waited until they complete the feasibility so that the South East, North East are sufficiently accommodated.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
BREAKING: Reps approve Buhari’s $22.7bn loan requestSinzu money strikes again Awon werey Ok oh .. congrat🙌
Source: MobilePunch - 🏆 8. / 63 Read more »
BREAKING: Reps okay Buhari\u2019s $22.7billion loan, as Southeast, Northeast lament exclusionThe House of Representatives has approved President Muhammadu Buhari's request to borrow $22.7billion from external sources. The House Committee on Supply approved the loan request following the consideration of the report by the House Committee on loans and debt management. It would be recalled that the report was slated for consideration earlier in February, however, Thief Na eh go kill this country finish, let them look for something else to discuss jari And there are Reps(?) from SE who can't protest. Who are the reps? The south easterners and north easterners don't they representatives? Are they all morons? Sitting there doing nothing. Can't they oppose the bill or request if its not favorable to their constituency.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
NIGCOMSAT kicks as Reps allege sleaze – Daily TrustThe House of Representatives on Tuesday resolved to investigate alleged sleaze, misappropriation and non-profitability of the NIGCOMSAT If what Umar was saying is true, it shouldn’t be a problem for him in allowing the committee to carry out their forensic investigation. I’m suspecting Umar has some skeletons inside his cupboard Data don't lie, give us info - graphs of your contributions based on the investment made and being made.
Source: Daily Trust - 🏆 13. / 51 Read more »
Tinubu, Omo-Agege condole with Buhari over nephew’s deathNational leader of the All Progressives Congress (APC), Bola Tinubu and Deputy Senate President, Ovie Omo-Agege, have commiserated with President Muhammadu Buhari over the passing of his nephew, Ibrahim Dauda. Please accept my own too sir
Source: GuardianNigeria - 🏆 1. / 94 Read more »
China to further boost financing for small businessesThe guideline encourages commercial banks in China to increase loans to smaller firms and extend their loans without requiring repayment of due principal.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Buhari designates telecoms equipment as 'critical national infrastructure' – Daily TrustTelecoms operators had repeatedly cried out over wanton damage and theft to their equipment and infrastructure, a development, they said, has inhibited smooth delivery of ... Read more:
Source: Daily Trust - 🏆 13. / 51 Read more »