Latest News

Why Buhari administration will continue to take foreign loans ― Senate President

Taiwo Amodu
Senate President Lawan
Lawan

President of the Senate, Ahmad Lawan, has again justified the present external debt profile of the Muhammadu Buhari administration.

Senator Lawan spoke at the weekend in Lagos on the occasion of the fifth edition of the empowerment programme of Senator representing Lagos West Senatorial District, Solomon Olamilekan Adeola.

The main opposition party, the Peoples Democratic Party has consistently accused the All Progressives Congress-led federal government of depleting the nation external reserve and undermining economic growth through rising external borrowing.

The Senator representing Yobe North, however, maintained that the present administration would continue to borrow to improve on the social Infrastructures in the country which he said were neglected under 16 years of PDP administration.

He said: “PDP may tell you something funny about the administration of APC at the national level but PDP ruled Nigeria for 16 years and all that they did was to leave or bequeathe so many challenges to us in 2015.

“We are dealing with those challenges one after the other and if on the way, we encounter new challenges, we are equal to the task.

“By the Grace of God we are going to turn around the fortunes of this country for the better. We have done so much but we are also challenged especially in the area of security.

“When someone tells you that the APC administration only takes loans or borrow money, PDP had 16 years of so much resources and they did very little infrastructure in the country if any. The money disappeared and our options are limited.

“But one option that is not on the table at all is not to do anything. Because you don’t have money, so we shouldn’t develop your country? Nigeria’s administration at the national level is responsible and responsive.

“We wouldn’t like to take loans or borrow money but when the options are limited and the imperative of development of infrastructure in the country are there, what do we do?

“If we have to borrow, we have to borrow responsibly, targeted at capital development and today I want to say without any fear of contradiction that in every part of this country, there is infrastructural development either in terms of roads, bridges, dams and so on and so forth.

“This is to tell you that we desire to develop our country and that for APC at all levels deserves the trust of Nigerians because we will always tell Nigerians what it is. We won’t hide anything because you gave us your trust.

ALSO READ FROM  NIGERIAN TRIBUNE

“What you witness in Lagos is to tell you one of the best the APC can do and we have many APC states that are working so hard to develop those states.

“I want to assure Nigerians that APC as a political party is the one that you can trust because for us, the citizens of this country are the most essential elements and people that we must always focus on.”

Lawan who said he was impressed with the performance of Lagos State governor, Babatunde Sanwo-Olu, urged Lagos electorate to give the latter a fresh mandate in the forthcoming general elections.

“Your Excellency, we have been watching you over the last two and half years. You have been very wonderful. You have been consistent in terms of service delivery to the people of Lagos State and indeed this country.

“You are focused. You are reliable. And I want to say even though the fate of politicians is in the hands of voters, your fate is in the hands of Lagosians but Your Excellency, I’m under this tremendous and massive temptation to say that one good turn deserves another term. We are proud of you. APC stakeholders, I hope I will be forgiven for this statement because that is what believe in seriously.”

Marburg Virus: What You Need To Know About Disease Recently Detected In West Africa

Why Buhari administration will continue to take foreign loans ― Senate President

FACT CHECK: US Did Not Give Nigeria 48 Hours Ultimatum To Detain Abba Kyari

Why Buhari administration will continue to take foreign loans ― Senate President

WATCH TOP VIDEOS FROM NIGERIAN TRIBUNE TV

Share This Article
Previous Article TCN 15 new power transformers, Transformer, EKEDC, mobile TCN takes delivery of 15 new power transformers
Next Article elephants destroyed farms, trust fund for Tuberculosis, BPP budgetary allocation, budgetary allocation to FERMA, Allow independent marketers lift PMS, Reps probe sales , Reps task FG, Reps approve N559.080bn for Telecoms sector in 2023 fiscal year, Reps committee probes N4.014trn electricity debts owed by Togo, Benin, Niger since 2018, Reps warn police against partisanship, provision of security for politicians, Reps summon NSIA, Reps adopt committee's recommendations on exemption of NASS workers from contributory pension, underfunding of Auditor-General's office, Reps Committee charges ECN, NOTAP efforts to make Nigeria hub for renewable energy, Reps allay fears on sale of Polaris Bank, confirm presidential approval, Nigeria-Israel diplomatic ties, emergency on ravaging flood nationwide,Reps pass Appropriation bill, NSCDC recruitment since 2012, Reps approve total expenditure, Medium Term Expenditure report, Reps to address building collapse, Reps quiz FIRS over tax , security services welfare commission, reconstruction of Abuja-Kaduna road, Reps urge FG to include Igbo-Ora town on UNESCO World Heritage Centres List, Reps begin probe of NNPC since 1990, Reps reject PENCOM’s report, Reps uncover N32.610bn, Reps tackle accountant general , Absence of ministers, others may stall timely passage of N19.76trn budget, foreign missions' extra-budgetary spending, Reps to quiz Auditor-General over 10 years fuel subsidy expenditures, Reps to quiz accountant general, Reps probe attack of Kuje , hearing on Electoral Offence Tribunal , NNPC to pay fuel subsidy, Reps probes bush clearing, Reps seek improved funding , Reps to enact bill, Reps quiz Navy over details, reps adopt senate position, Reps probe INEC over credibility, upgrade of Wesley Guild Hospital , Reps task National Security Adviser, telecom firms on stiff regulation of unregistered SIM cards, Reps probe N701bn by FEC, Reps seek FG's intervention in clashes among Plateau communities, Reps halt sales of 5 power plants, says FG in breach of Privatisation Act, imposition of yearly JAMB examination, Reps summon FIRS Chairman, Reps move to take over all surface, We won't allow interference, discrimination against persons with disability, Reps set to appraise benefits , Reps invite Ministers of Finance, utilisation of petroleum products , bill on controversial extension of tenure,  Reps move to pass Nigerian Peace Corps Bill, Reps step down motion seeking to increase budgetary allocation for judiciary, Reps decry kidnap of traditional rulers, killing of Nigerians after payment of ransom, National HIV Trust Fund, Reps urge Nigerian Army to provide facilities at Ibarapa forward operational base, 51 kidnapped Abuja-Kaduna passengers, Reps set to file motion, Reps extend resumption date , Reps back Buhari’s decision, increase capacity of Armed Forces, Port Harcourt refinery overhaul, Reps to resume on Wednesday, Reps shutdown governance, probe on dollars spent on refineries, Adulterated fuel, Reps ask NAN management , Reps probe pioneer status, Reps task FG on importation, use of low energy consuming appliances, Reps pledge support, Reps pass bill for establishment of National Social Investment Programme, Insecurity: Reps urge Police to construct Divisional Headquarters in Oyo town, clean up of Delta Communities, Reps leadership reverses self, Reps probe outrageous rise, Epileptic power supply , non-rendition of 6 years audited accounts, Reps ask CAC, JAMB, others to remit N195bn into Federation Account, Reps task NNPC on completion of $12bn Trans Saharan Natural Gas Pipeline contract, 50 audit queries: Reps quiz NSITF over N6.889bn unpaid taxes, Reps call for documents, Nigerian security printing minting, Umuahia ruling on Electoral Act, Reps place NAFDAC on status of enquiry over under-declaration of revenue, Reps task CBN to reinforce use of coins as legal tender, North-East Development Commission, NNPC 17 subsidiaries, Reps task States, status of inquiry on NRC, Reps parley Aregbesola , Reps query NMDPRA, enforce banditry proscription order now, Reps seek FG intervention, Reps task security chiefs , PDP condemns NASS rejection of gender-focused bills, 56 constitutional amendment bills, NEPA non-core assets including estates, fraudulent POS transactions, construct rail tracks to Lekki , Local Government financial autonomy, Reps to drag defiant ministers, Constitution Review reports, Reps read riot act to private companies for prohibiting govt officials from performing duties, Reps ask FG to urgently evacuate Nigerian students from Ukraine, Reps call for deployment of Army, DSS, Police to end killings in Ijeshaland, Strike: Reps ask FG to fulfil agreements with ASUU, reopening of e-modernisation project probe, procurement of body-worn cameras, 2023 election: Reps kick over voters’ apathy against electronic voter registration, review of 2022-2024 MTEF, Declare state of emergency on poor state of infrastructure in coastal communities, Reps tell Buhari, Reps to investigate state of airports, Criminal Code law: Reps propose 6 months community service for persons attempting suicide, financial fraud, invasion of five communities, revenue target for Nigeria Customs, FCTA lost over N800bn revenue , relevant HSE policy, Reps committee probes NNPC over N1.93bn expenditure without supporting documents, Reps call for probe of NNPC, Reps ask FG to prosecute unauthorised online drug advertisements, Dangote industry's coal mining, Reps unveil plans to roll-out, increasing unemployment rate in Nigeria, NSITF ongoing recruitment, killing of 14 armless citizens in Oke Ogun, Reps task FG to develop National Cocoa policy to reposition Nigeria as largest producer in Africa, Reps mourn late Hanifa, Reps give Nigerian Embassies, Reps committee vote on LGA autonomy, judicial reform, pension administration, Reps probe CBN, establishment of cottage industries, Magodo invasion, electoral amendment bill, Reps seek urgent rehabilitation, Insecurity: Reps decry high rate of kidnapping in Plateau, anti-money laundering counter-terrorism laws, extra-budgetary spending by Ministry of Agric, Public Accounts Tribunal underway, N17.1trn budget for 2022 fiscal year, Reps to deliberate on Buhari's position, ride-hailing firms over payment of taxes, Dismantle all roadblocks, Reps approve external loan, public hearing on new Finance bill , Buhari's rejection of Electoral bill, Passage of 2022 budget , Federal School of Nursing in Lagos , legal profession reform bill, adopting Artificial Intelligence, Reps summon Customs, sanctions for quacks teachers, excise collectable revenue, issuance of operational license , Reps tasks Security Chiefs Reps lament high death rate, submission of 2022 budget proposal, Reps task security agencies, Reps task Nigeria security agencies, Reps urge FG to upgrade nation's correctional centres, minority caucus challenges, NITEL earth satellite station, bill on free healthcare services, Reps probe Virgin Atlantic , banks over non-remittance, declare bandits as terrorist group, financial autonomy for Auditor General, Reps quiz NHIS, Minority Caucus e-Customs modernisation project, stakeholders support repositioning, Reps propose establishment, leakage of classified security documents, Buhari’s appointment of two Northerners, invasion of Delta communities by suspected herdsmen, Senate resumes, Reps applaud NNPC' stride, Reps quiz FMBN, Reps task Customs on N2.5trn , Reps unhappy over N5.62trn, Reps read riot act, Reps seek to prohibit president, shame erring MDAs, caucus blames presiding officers, consideration of PIB report, Reps raise alarm over, Reps receive electoral act, Reps mull removal, Reps seek establishment, Reps tackle Minister, Reps approve supplementary budget, Nigeria Police Trust Fund, Southern backs region's govs,NNPC GMD meets Reps , Reps tackle MDAs, Reps urge FG to constitute NDDC board, Reps call for effective regulation, Electoral amendment: Reps to hold emergency plenary on Wednesday Reps issue seven-day ultimatum for submission of relevant HSE policy

Frontpage Today

Subscribe to e-Paper

E-Vending, e paper, pdf, e-paper, Tribune