President Buhari seeks National Assembly’s approval to borrow $29.9 Billion | Nigeria News Today. Your online Nigerian Newspaper

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President Muhammadu Buhari has asked the National Assembly to approve his administration’s external borrowing plan of $29.960bn for the execution of key programmes and infrastructural projects across the country.



The fund will cover projects between 2016 and 2018.

The President also sought legislative approval for virements totalling N180.8bn in the 2016 budget to cater for needed votes by some sectors of the economy.

Buhari made both requests in two separate letters to the Senate President, Bukola Saraki, and Speaker of the House of Representatives, Yakubu Dogara, which were read to lawmakers in both chambers of the National Assembly during plenary on Tuesday.

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  1. Instead of this frequent borrowing. Why not sell the country so Nigerians will know they don't have a country anymore. Since you assume office all you have been doing is borrow, travel, borrow and complains. With all previous borrowing nothing tangible to show as evidence that you're working. Roads getting worst, hunger and starvation increasing everyday. Insecurity, epileptic power supply. What are you actually doing Mr President?????

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  2. The only way out is to change the change , they are trying to intimidate the opposition party and squeeze them to frustrate them to join the APC , but all that had been a fruitless effort, les see what comes up next especially now that the Juciary has been pushed to the wall , Change my ass .

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  3. Forget this people called leaders. They are purely after their personal interest. D solution to d problem is written in 2 chronicles 7:14 ( there are four conditions given ). Until we all turn from our wicked ways there is no progress or healing.

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  4. ...Borrowing to give 75% to those who gave him 75% votes and 5% to those who gave him 5% votes. Hehehehe!

    Sai Baba!

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  5. Gradually "Change" is fast becoming a "Shame"...Not up to one month of this administration that I made the predictions now coming to pass. People should expect more shocking scenarios from the stable of President Fabuhari...Well,as events are unfolding...

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  6. There is no room for stealing and the PDP boys are feeling it so it is expected that they will see nothing good from this government the question is people that are used to suffering from past government don't see anything new rather are rejoicing that hitherto those that are seen as untouchable are been reminded in prison for stealing our common resources may God help the man to succeed that is the prayer

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  7. There is no room for stealing and the PDP boys are feeling it so it is expected that they will see nothing good from this government the question is people that are used to suffering from past government don't see anything new rather are rejoicing that hitherto those that are seen as untouchable are been reminded in prison for stealing our common resources may God help the man to succeed that is the prayer

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  8. And wat about d recovered loots of billions of naira? Abi na Lie/Lai Mohammed fabrications?

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  9. Why would d president want to borrow money in dollars. Why not naira. He is a coward

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  10. That is the worst thing Buhari will do to this country. He doesn't have a plan moving this country from its present precarious position to a stabilized economy. What is the sense in going into recession just to borrow money and resolve recession? Why not borrow the money in the first place so that the economy wouldn't have gone down like this. Borrowing will plunge the economy into double recession in the next 5 years or more. DON'T GIVE HIM. HE DOESN'T KNOW HOW ECONOMY WORKS,NOR THE TECHNICALITIES INVOLVED.

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