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Reduce The Way You Borrow Money, Lawan Tells Buhari - Politics - Nairaland

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Reduce The Way You Borrow Money, Lawan Tells Buhari by sharpden: 9:02pm On Oct 07, 2020
Senate President Ahmad Lawan on Wednesday warned the Buhari administration to minimise its borrowing by considering other alternatives to fund projects.

The Debt Management Office estimated Nigeria’s debt to have hit N31 trillion as of June.

This marks an increase of N18.89 trillion over the N12.12 trillion in 2015.

Mr. Lawan, in a statement on his Twitter page, said the Senate is considering plugging waste by the amendment of Sections 21(1) and 21(2) of the Fiscal Responsibility Act and other laws to enhance operations of all revenue generating agencies.

“While we put in all necessary measures to enhance government revenue, the Federal Government would need to reduce its borrowing by seeking alternative ways of implementing infrastructural projects not funded through local and foreign loans”, Lawan said.

The Senate during Wednesday’s plenary passed the 2021-2023 medium term expenditure framework and fiscal strategy paper.

This was done ahead of President Muhammadu Buhari’s presentation of the 2021 Appropriation Bill to the National Assembly scheduled to hold on Thursday.

https://todaypoliticsng.com/reduce-the-way-you-borrow-money-lawan-tells-buhari/
Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by flyingpig: 9:05pm On Oct 07, 2020
As if he will hear.

Buhari is a bad administrator.

Like one of those useless coin keepers described in the bible.

3 Likes 1 Share

Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by Yenefer(f): 9:07pm On Oct 07, 2020
Borrowing is not a bad thing. if it's possible we want to trade Nigeria for 1million dollars for each citizen
Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by chatinent: 9:07pm On Oct 07, 2020
If Buhari was Pharoah in Joseph's day, Egypt would have still plunged into recession.

4 Likes 1 Share

Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by Rugaria: 9:07pm On Oct 07, 2020
Lol,
Oga is going through some epiphany? Tomorrow he will still help pass another borrowing bill with a very perculiar fat face.. The country is already in the pit. Thanks to those who are still inflating the payroll by hiring all sorts of unskilled relatives into the civil service from the back door.

3 Likes

Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by Danzakidakura(m): 9:21pm On Oct 07, 2020
He is using Amaechi to borrow money to arm the Fulani terrorist groups, to get them ready ahead of 2022

2 Likes

Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by Racoon(m): 9:29pm On Oct 07, 2020
Seems the rubberstamp stooge Senate president has looted so much money from senseless borrowing that he is now tired of stamping more loan requests?

Imagine appropriating #37B for NASS rehabilitation even when the nation is smarting out from COVID19 pandemic Waiting for the attack dogs Garba Shehu, Femi Adeshina etc will attack him for now cautioning their boss against unprofitable borrowing.

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Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by Elvictor: 9:36pm On Oct 07, 2020
so this man actually have a voice? I thought he is bring lemme stamp

1 Like

Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by History555: 9:41pm On Oct 07, 2020
Someone planning to borrow 4.4 trillion in 2021 budget

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Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by BeeBeeOoh(m): 9:48pm On Oct 07, 2020
chatinent:
If Buhari was Pharoah in Joseph's day, Egypt would have still plunged into recession.
shocked shocked


Nawa oh

3 Likes 1 Share

Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by SpecialAdviser(m): 9:51pm On Oct 07, 2020
Rubber stamp Senate President. This is more like a kid begging his father for his school fees.

Who approves the money he borrows? Why not go hard on him if he doesn't seek senate approval for the loans?

As it stands today we have only 3 persons in one arm of the government. The Executive, the legixecutive and the judixecutive.

Nonsense

1 Like

Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by Daddysidhan: 10:02pm On Oct 07, 2020
chatinent:
If Buhari was Pharoah in Joseph's day, Egypt would have still plunged into recession.
Nairalanders and bad mouth hanhan Haba but you are smh right sha

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Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by Rhapsodia: 10:34pm On Oct 07, 2020
Very sad cry

The Senate President does not know how powerful he is in a democracy. He has been reduced to a wailing wailer and political activist in his own Legislative chambers....pathetic angry

After wailing...he will still endorse more loans....what a clown..

1 Like

Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by Ehiscotch(m): 10:37pm On Oct 07, 2020
True. We need to keep diversifying our revenue stream but we should not stop taking the loans from China especially that agreement, CCEC is it?

Many ignorant people don't know that loans used to bridge the infrastructural gap is what every nation, especially a third world one like us need.

If we take loans and fix all the roads and all the trains and we have to pay for tolls and tickets, we don't mind.
Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by Dmano: 10:44pm On Oct 07, 2020
Says ruberstamp man
Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by PresidentAtiku(m): 10:48pm On Oct 07, 2020
chatinent:
If Buhari was Pharoah in Joseph's day, Egypt would have still plunged into recession.
Jesssuuuuu

Nairaland comment of the year 2020
Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by calebadeosun: 11:15pm On Oct 07, 2020
sharpden:


https://todaypoliticsng.com/reduce-the-way-you-borrow-money-lawan-tells-buhari/
Oga lawan u are mad man sir cos all of una na the same

2 Likes

Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by slivertongue: 11:16pm On Oct 07, 2020
borrow borrow make me rich administration

1 Like

Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by Sundahjoe(m): 11:45pm On Oct 07, 2020
I thought they call you Rubber stamp?

1 Like

Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by Jdbrasco2: 11:46pm On Oct 07, 2020
We have all been mortgage. People who still supports this government are heartless.

1 Like

Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by BigSarah(f): 11:48pm On Oct 07, 2020
Won’t garba shehu attack lawan laidis

1 Like

Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by prince2pac(m): 12:26am On Oct 08, 2020
chatinent:
If Buhari was Pharoah in Joseph's day, Egypt would have still plunged into recession.
Bros easy nah


This our rubber stamp, abi tiler, abi increte stamper senator, when did he become a wailer

1 Like

Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by HeadShot: 12:30am On Oct 08, 2020
Buhari destiny is to bankrupt the country and plunge it into eternal debt....

While Yoruba Muslims chant Sai Barber
Thinking they are doing others

Even rubber stamp Senate president is complaining cheesy cheesy

1 Like

Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by sammysmiles(m): 3:07am On Oct 08, 2020
Calm za phock down...

Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by Yankee101: 3:34am On Oct 08, 2020
After allowing him and the states to borrow what the can't sustainably pay

Inflated contract estimates, stealing, lies and lies
Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by PresidentAtiku(m): 8:25am On Oct 08, 2020
Mods...

Front page please. Senate President is now a wailer according to Nairaland dumb APC followers
Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by Wiseandtrue(f): 8:29am On Oct 08, 2020
First time Lawan will say something sensible

As in Buhari borrows as if there's no tomorrow

I hope he (Buhari) will not misunderstand looking for other means of generating money by taxing the air we breathe grin cheesy grin grin

Nigerians would have understood his borrowing if they are reaping the dividends

At least if person owe, you go know why you are owing

But in Buhari's case, its not reflecting in the lives of Nigerians except politicians

The roads even Federal roads are VERY BAD!

Food stuffs are VERY EXPENSIVE undecided despite closing the border

We pay multiple tax

Crude oil is also very expensive

So he should stop borrowing on our behalf ooooo
Re: Reduce The Way You Borrow Money, Lawan Tells Buhari by PureGoldh(m): 8:43am On Oct 08, 2020
One day ...dem go use this country as collateral

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