The President, Major General Muhammadu Buhari ( retd. ), has written to the House of Representatives to request for the approval of fresh external borrowings totalling $ 5 . 513 bn .
Buhari , in the letter read by Speaker of the House of Representatives , Femi Gbajabiamila, at the plenary on Thursday , said the funds were for 2020 budget deficit , financing of critical projects , and some states of the federation .
The President also presented a revised 2020 Appropriation Bill and 2020 - 2022 Medium Term Expenditure Framework and Fiscal Strategy Paper .
The National Assembly had recently approved a loan of N850 bn for the Federal Government , while another of $ 22 . 79bn , which the Senate has already approved , is pending before the House.

https://punchng.com/breaking-buhari-writes-reps-seeks-fresh-5-513bn-loan/

why do these old people want to saddle generation yet unborn with another debt burden. They most often don't have creative ideas on how to improve the economy, least they resort to access foreign loans.

It's just heartrending that a country endowed with so much natural resources would always be seeking loans up and down,due to mismanagement of the available resources.

All the previous loans that have been obtained, what have they been able to do with them. Where are the world class infrastructures spread all around the country.

xxxXXXxxx:
The President, Major General Muhammadu Buhari ( retd. ), has written to the House of Representatives to request for the approval of fresh external borrowings totalling $ 5 . 513 bn .
Buhari , in the letter read by Speaker of the House of Representatives , Femi Gbajabiamila, at the plenary on Thursday , said the funds were for 2020 budget deficit , financing of critical projects , and some states of the federation .
The President also presented a revised 2020 Appropriation Bill and 2020 - 2022 Medium Term Expenditure Framework and Fiscal Strategy Paper .
The National Assembly had recently approved a loan of N850 bn for the Federal Government , while another of $ 22 . 79bn , which the Senate has already approved , is pending before the House.

https://punchng.com/breaking-buhari-writes-reps-seeks-fresh-5-513bn-loan/

why do these old people want to saddle generation yet unborn with another debt burden. They most often don't have creative ideas on how to improve the economy, least they resort to access foreign loans.

It's just heartrending that a country endowed with so much natural resources would always be seeking loans up and down,due to mismanagement of the available resources.

All the previous loans that have be obtained, what have they been able to do with them. Where are the world class infrastructures spread all around the country.

This country is gone.
Nigeria should be restructured/dissolved

Only if people should have conscience!

For God's sake, can this man sincerely run his family the way he is running this country?

Where is the integrity, he was taunted to have possessed?

Buhari, Buhari, Buhari, how many times I call you so. What is with you and borrowing? You don't add to anything. Your own is to always borrow. No wonder you couldn't manage ordinary cattle business to a boom level. I am not surprised you can't equally govern a complex country like ours. You have done your bit. We appreciate. You are now old. The economy is bigger than you. Pls just step aside and look for a professional to manage our country before you sell it off in the name of borrowing

This is debts enslavement.No zombie will allow this fella to even be his Gateman in the real sense.

I don't give a damn about niggarea


God bless Biafra