• Sanusi casts doubt over Buhari’s $30 billion loan

    Sanusi casts doubt over Buhari’s $30 billion loan

    Former Central Bank governor and current Emir of Kano, Sanusi Lamido Sanusi has strongly kicked against the plans by President Muhammadu Buhari to seek‎ Senate’s approval of his $30 billion loan request.

    Sanusi said even if the Senate gave its ascent to the loan, no country or global financial institution would be willing to grant such huge amount, given the instability of Nigeria’s economy. He made this disclosure during a policy dialogue forum organised by the Savannah Centre for Diplomacy, Democracy […]

  • ‘Buhari will resend $30 Billion loan request to Senate’, says Lai Mohammed

    ‘Buhari will resend $30 Billion loan request to Senate’, says Lai Mohammed

    President Muhammadu Buhari will resubmit the request for his administration to borrow $29.96bn to the Senate despite the setback it received on the floor of the Upper Chamber on Tuesday.

    Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this to State House correspondents at the Presidential Villa, Abuja on Wednesday.

    Mohammed said the administration would continue to engage the Senators on the benefits inherent in the borrowing plan.

    He expressed the optimism that at the end of the day, the federal lawmakers […]

  • Buhari didn’t meet an empty treasury, he inherited $30 billion from Jonathan – Obasanjo

    Buhari didn’t meet an empty treasury, he inherited $30 billion from Jonathan – Obasanjo

    Former president of Nigeria, Chief Olusegun Obasanjo has faulted incumbent President Buhari for claiming he received nothing from the previous administrations.

    In an Interview with Frisky Larr, Obasanjo said, “When I assumed office in 1999, I inherited $3.7 billion in reserve, while Buhari met $30 billion, almost 10 times of what I met then, and the price of oil then was $9. When it got to $20, I was dancing.

    “I know the price is down now and with time, it will […]