Buhari to loan 2.10 trillion
President Buhari has sent a letter to the senate
asking for permission to borrow N2.10 trillion to
finance the 2015 budget. In the letter which was
read at the senate's plenary session today
November 18th, the president stated that the N882
billion loan earlier proposed by the past government
to finance the budget had to be raised to
N2.10trillion due to the dwindling oil price and other
economic realities. The source of the loan,
according to the president, would be from both local
and foreign.
What do you think, Is this a good initiative or another way to embezzle money from the government?
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