Economy
Reno Omokri Questions Buhari’s Request For A Loan
- Recall that EkoHotBlog earlier reported that the President wrote the Nigerian Senate seeking approval for $4 billion and €710 million external loans.
Reno Omokri a former presidential aide, has reacted to President Muhammadu Buhari’s new loan request to the senate.
Recall that EkoHotBlog earlier reported that the President wrote the Nigerian Senate seeking approval for $4 billion and €710 million external loans.
He said the proposed loan is to be financed through sovereign loans from the World Bank, French Development Agency, EXIM Bank and IFAD, and will aid the Federal Government in funding critical infrastructural projects in different sectors.
Reacting to this, Reno Omokri stated that it is coming at a time when the Naira is exchanging at N550 to a dollar.
President Muhammadu Buhari
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The former presidential aide said the President is using it to finance “useless things”.
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