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Wednesday, 26 October 2016

Buhari seeks approval to borrow $29.96bn .. Hmmmm


Buhari Writes National Assembly, Seeks Approval To Borrow $29.960b For Projects.

Buhari Writes National Assembly, Seeks Approval To Borrow $29.960b For Projects
In a letter read by the deputy Senate president, Ike Ekweremadu, the president demanded $11.274‎ for different programmes, $10.686 billion for special national infrastructure projects and Euro Bonds of $4.5 billion.

The letter reads in parts: “I wish to refer to the above subject and to submit the attached draft of Federal Government 2016-2018 External (Rolling) Plan for consideration and early approval by the National Assembly to ensure prompt implementation of the projects.

“The projects cut across all sectors with special emphasis on infrastructure, agriculture, health, education, water supply, growth and employment generation, poverty reduction through social safety net programmes and governance and financial management Reforms among others.”
The upper chamber also took to twitter to share the news. Read below:



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