Buhari Writes Reps, Seeks Approval Of $5.513bn Loan.
President Muhammadu Buhari has written to the House of Representatives, seeking the approval of a fresh $5.513bn loan.
Speaker of the House of Representatives, Femi Gbajabiamila, read the letter at plenary on Thursday.
The President in his letter said the loan was to finance the 2020 budget deficit, finance critical projects of the State and Federal Government.
Senate President, Ahmed Lawan also read a similar letter during plenary on Thursday.
The President further presented a revised 2020 Appropriation Bill and the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper to the National Assembly.
Earlier in May, the House had given approval to the President to borrow N850 billion for the government.
The Senate gave the approval of the said amount in April.
When the money is release, let them used it appropriately
Well. The money shuld be used wisely.
Money money money
Money that will be spend on cattle and ghost projects
Money should be invested wisely
Money wey nobody go even see
money
I pray that the loan will be utilized proper
Everyday borrow money how and when is Nigeria going to pay all this me
I mean all this money
We are owing alot already
What? Why approve
What for
I tire
Nigeria and loan
I weep for this nation. Honestly speaking
I pray he makes good use of the money
I envy you
I pray the money is used wisely
Another loan?
What happens to all those money recovered by fraudsters?
Why not use it instead of going for another loan
ok