2020 Budget: FG to borrow $5.5billion to finance appropriation act

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The House of Representatives is currently considering an amendment to the 2020 appropriations act following a request by the President, Muhammadu Buhari. In a letter read by the Speaker, Femi Gbajabiamila on Tuesday during plenary, the President requested the approval of the House of Representatives to borrow a sum of $5.5billion from external sources to

The House of Representatives is currently considering an amendment to the 2020 appropriations act following a request by the President, Muhammadu Buhari.

IDB will also support Nigeria with $600million to respond to the challenges from COVID 19, while AfDB is expected to lend Nigeria $148million to strengthen the healthcare system and improve response to COVID-19 and financing smallholder farmers to mitigate food security. Leading the debate on the budget, the Majority Leader, Hassan Ado Dogwa asked the committees to approach its work as a usual business but implore them to do a thorough job.

 

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The definition of insanity is doing the same things over and over and expecting different results.

Total madness Chief borrower...

Must we borrow

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BREAKING: Buhari Seeks Fresh $5.513bn Loan To Finance Revised 2020 BudgetBREAKING: Buhari Seeks Fresh $5.513bn Loan To Finance Revised 2020 Budget Lol..... This Man has ultimately destroy the future of this country. Batten down the hatches. Storm is coming
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