he Senate on Tuesday approved President Muhammadu Buhari’s $5.513 billion external loan request to finance the revised 2020 budget.
A lender for the Federal Government’s priority projects as approved by the Senate is the African Development Bank – $125million to strengthen healthcare system and improve response to COVID-19 and $23 million for financing smallholder farmers to mitigate food security impact of the COVID-19 pandemic.
The Senate approved the recommendation of the Senator Solomon Adeola-led Senate Committee on Finance that the price of crude oil put at $25 per barrel by the Federal Government, be increased to $28 per barrel. However, other critical parameters like the exchange rate of N360 to a US dollar, 14.43 inflation growth rate and 4.42 GDPgrowth rate were retained.
According to him, the price oil per barrel is now $38 with a very strong indication that the price will rise to $40 or $45 per barrel.
NGRSenate MBuhari Rubber stamp senate
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BREAKING: Senate approves Buhari’s $5.513bn external loan requestThe senate on Tuesday approved President Muhammadu Buhari’s $5.513 billion external loan request to finance the revised 2020 budget... Sultaanaliyu I tell u sharp sharp him go approve am That's what rubber stamps do! This fuelless generator is a new source of power that is completely safe, free and efficient, the durability and design is Top notch. This generator, unlike every other generator doesn't have an engine which consumes fuel/gas and makes noise. You can contact us on (07032949264)
Source: TheNationNews - 🏆 6. / 69 Read more »
Senate approves FG’s $5.51bn external loan request – Daily TrustThe Senate has approved the $5.513bn external loan request by President Muhammadu Buhari. One day we believe Nigeria will stand on her fit as Nation. Sinzu I see you 'Robber' stamp Senate 😃😃
Source: Daily Trust - 🏆 13. / 51 Read more »
Senate fumes over high cost of oil production in NigeriaSenators on Monday kicked against the revelation by the management of the Nigeria National Petroleum Corporation ( NNPC), that the corporation makes a marginal $3 profit per barrel in oil production. They called on the federal government to get the nation's economy diversified as quickly as possible to avoid a total meltdown of the country. What difference does their fuming make? You are all Mad People. You draw raw oil from here, you give it out to outsiders, they refine it and get a whole lot of other products out of it. Then they sell back the carcass to you. Whereas, you can fix our refineries here and save both cost and production. bunchofhypocrites I don't even know the essence of having two chamber in Nigeria. The house of rep should be cancel and the number of senator should be reduce. This people are just collecting billions without any useful. All there salaries is enough to finance a state budget.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
FCC: Abaribe Kicks as Senate Confirms Buhari's Nominees - THISDAYLIVEBy Deji Elumoye The Senate Minority Leader, Senator Enyinnaya Abaribe, on Tuesday kicked against the lopsided nominations into the board of the Federal Character Commission (FCC). This is just as the Senate confirmed the nomination of 37 out of 38 nominees forwarded to it by President Muhammadu Buhari as Chairman and members of the Commission. … You see more lopsided appointment...? Abaribe will be kicking until he kicks 6 inches nails one day. The other pdp men from other zones will be using them as their shield but when time to chop comes no body will remember S/E. Demonic representatives fighting for party not their people, anu-ofias
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
N’Assembly Won’t Back Down On NDDC Probe – SenateN’Assembly Won’t Back Down On NDDC Probe – Senate
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Source: TheNationNews - 🏆 6. / 69 Read more »