logo-profile

OTICE

.COM

.NG


Home of Nigeria Latest News and Updated Information
tag-iconNews
tag-iconBMO , Niyi Akinsiju , PDP

BMO hails PDP Senators for breaking ranks with own party - $5.5bn external loan

user_icon Posted by:
Tiamiyu Saheed Oluwatosin
views-icon Views:
88
like-icon Page likes:
0
dislike-icon Page dislikes:
0
comments-iconComments:
0
calendar-icon Posted on: 2020-06-03 21:53:16
share-icon Share(s):
0
NIYI-AKINSIJU



The Buhari Media Organisation (BMO) has commended the Senate for its bipartisan approach to President Muhammadu Buhari’s $5.513bn external loan request.

It said in a statement signed by its Chairman, Niyi Akinsiju and Secretary Cassidy Madueke, that Senators deserve praise for brushing aside partisan considerations to approve the loan request and pave way for seamless funding of the revised 2020 budget.

“It is instructive that the Peoples Democratic Party (PDP) caucus in the Senate ignored the ranting of the national leadership of the opposition party and joined other patriots to endorse the loan request.

“We invite Nigerian People to note that no PDP Senator spoke against the request, in a clear rejection of the hare-brained suggestion of their party that the external loan request was not necessary.

DO YOU KNOW >>> I’ve been informed of threat to Joy Nunieh’s life says Reno Omokri - Akpabio

READ ALSO >>> Buhari enjoys ‘cult-like’ followership; Ekweremadu, PDP govs supporting him – BMO - 2019 presidency

“They have opted to elevate national interests over and beyond the narrow, beer parlour consideration of the PDP leadership, and agreed on the need to power the national economy out of the economic doldrums created by Covid-19, and the recession predicted by the International Monetary Fund (IMF) and others.

“This is coming only a few days after the Zamfara State chapter of the PDP shunned the PDP leadership to hail the Buhari administration for the success of the ongoing war against banditry.

“More than anything else, the bipartisan endorsement shows a belief in the capacity of the Buhari administration as testified to by IMF on how the loan would be paid back in a sustainable manner,” the group said.

It also urged the National Assembly to adopt a similar approach to the revised 2020 budget when it comes up for deliberations next week.

READ ALSO >>> Service Chiefs’ strategies have degraded Boko Haram, insecurity in North East – BMO

READ ALSO >>> PDP insists Ibrahim Magu must answer to allegations of corruption, violations - EFCC

“Aside from the speedy consideration of the external loan request, we also saw how federal lawmakers have been swift in approving the revised Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP).

“The move which includes jerking up the oil price benchmark from $25 per barrel to $28 is meant to pave way for the consideration of the revised budget.

“We urge lawmakers in the two chambers, regardless of party affiliations, to ensure speedy passage of the Budget when it is eventually tabled for consideration next Tuesday.”

It added that Nigerian People look forward to more cooperation between the Executive and the Legislature in the interest of the people.

BREAKING >>> Lampard reveals why Sheffield United hammered Chelsea 3-0 - EPL


For All Nigeria Past Questions Visit www.QUESTION.NG

Kindly share this post on different Social Media below


COMMENTS

NOTE: User comments in this section are, as the name implies, provided by users of this website. The question.ng team is not responsible for, nor do they endorse, any of the information provided here.


NO POSTED COMMENT