Politics
Outcry as Buhari moves to borrow $800m days to end of his administration
Nigeria’s outgoing president, Muhammadu Buhari, on Wednesday, wrote to the Senate, asking the honourable house to approve a new loan request of $800 million.
In a letter read by the President of the Senate, Senator Ahmad Lawan, President Buhari who noted that the loan would be utilized to scale up the National Social Safety Net Programme, explained that the loan would be sourced from the World Bank.
The news however did not settle well with netizens has they raised concerns over such moves weeks to his (Buhari) end of tenure.
NewsWireNGR reports that the president-elect, Bola Tinubu, is scheduled to be sworn-in on May 29, 2023.
Below are some reactions to Buhari’s $800 million loan request:
This kind of loan is called “for the road”. Only a few would understand
Originally tweeted by Alákòwé (@alakowee) on 2023/05/10.
What possibly for.? You leave in 2 weeks. What possibly for.? The entire politician ecosystem of Nigeria is corrupt.
Originally tweeted by NaijaMusings (@NaijaMusings) on 2023/05/10.
Which loan again? How many days that left for you to vacate, you are still requesting such oodles amount of loan…
Originally tweeted by Lucas (@anuforo) on 2023/05/10.
Last minute cash-out before heading Niger
Originally tweeted by sammy view (@view_sammy) on 2023/05/10.
This is very pathetic.
Nigeria’s debt stock in 2015, when President Buhari took over, was 12 trillion dollars, but now it’s about 77 trillion dollars.
A few days before the end of his government, Buhar is asking for another $800million.
From top to bottom.
Originally tweeted by ??~Omo Iya Teacher! (@ajaGunSEgun_) on 2023/05/10.
APC has destroyed the country completely. Which project he want to invest such funds on with 19 days to leave office..
Originally tweeted by Akbar (@jackworldwide2) on 2023/05/10.
We condemn President Buhari’s request for an $800 million loan in the most unequivocal terms.
This request is a clear attempt to use taxpayer money for personal gain. It is also a slap in the face to the Nigerian people, who have already been burdened with too much debt.
The National Assembly must hold off on approving this loan until the next administration is in place. This will give the new administration time to review the loan and to make sure that it is used in a transparent and accountable way.
We also call on the National Assembly to conduct a thorough investigation into the corruption that has plagued the National Social Safety Net Programme in the past. Ensuring that the new administration is able to use the loan effectively and that the money is not wasted.
We urge the National Assembly to take these concerns seriously into account when making its decision about whether or not to approve the loan.
The people of Nigeria deserve to have a government that is transparent and accountable, and that is committed to using taxpayer money wisely.
Originally tweeted by IPC Justice (@ipcjustice) on 2023/05/10.
