NASS leaders urge Buhari not to borrow fresh $4bn, €710m loans

todaySeptember 15, 2021 2

share close

The Socio-Economic Rights and Accountability Project (SERAP) has begged the leadership of the 9th National Assembly to stop President Muhammadu Buhari from borrowing $4billion and €710million until spending details of the loans obtained since 2015 are published.

SERAP made the plea in a post via its Twitter handle on Wednesday.

“BREAKING: We urge the leadership of @nassnigeria to stop President Buhari from borrowing $4bn and €710m until spending details of the loans obtained since 2015 are published,” SERAP tweeted.

“This would show the NASS can stand up for Nigerians, improve public confidence and ensure transparency.”

President Buhari had on Tuesday asked the Senate to approve $4 billion and €710 million foreign loans.

The president’s request was contained in a letter addressed to Senate President Ahmad Lawan and read at plenary yesterday.

Buhari said the proposed loan would be financed through sovereign loans from the World Bank, French Development Agency, EXIM Bank and IFAD.

He noted that the loan, if approved, would enable the Federal Government to fund critical infrastructural projects in different sectors across the country.

Written by: administrator

Rate it

Previous post


Barcelona: Koeman Respond To 0-3 Defeat To Bayern At Camp Nou

Football Club Barcelona manager, Ronald Koeman, has responded to his side’s defeat to Bayern Munich on Tuesday evening. Reports gathered has it that the German football club had some fun at the Camp Nou yesterday, beating the home team to 0-3 in their 2021/2022 UEFA Champions’ League group match opener. The Catalans’ manager in an interview after the match, said he could not put blames on the players. Koeman acknowledged […]

todaySeptember 15, 2021 13

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *