{"id":754826,"date":"2019-11-29T13:34:01","date_gmt":"2019-11-29T13:34:01","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/11\/29\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\/"},"modified":"2019-11-29T13:34:01","modified_gmt":"2019-11-29T13:34:01","slug":"why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/11\/29\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\/","title":{"rendered":"Why We Rejected Buhari\u2019s $30bn Loan Request Under Saraki’s Senate"},"content":{"rendered":"

<\/p>\n

\n
\"President
President Buhari<\/figcaption><\/figure>\n

Former lawmaker, Shehu Sani, who was the chairman of the committee on local and foreign debts in the 8th senate, has explained why lawmakers rejected a $29.96 billion loan request from President Muhammadu Buhari.<\/p>\n

According to Sani, in a statement on Friday, the Senate rejected the request by the President to save Nigeria from being \u201drecolonised by creditor banks\u201d.<\/p>\n

Buhari had forwarded the request captured in the federal government\u2019s 2016-2018 external borrowing plan to the upper legislative chamber in 2016.<\/p>\n

The request was subsequently turned down but the President has now sent it to the ninth assembly, saying it was important to approve the loan which he said is \u201ccritical to the delivery of the government\u2019s policies and programmes\u201d.<\/p>\n

However, in his reaction to the request, Sani said the country\u2019s external debt would have hit $52 billion if the senate had approved the loan request.<\/p>\n

\u201cWe turned down the FG loan request for $30 Billion to save Nigeria from sinking into the dark gully of a perpetual debt trap,\u201d he said.<\/p>\n

\u201cWe don\u2019t want our country to be recolonized by creditor banks.\u201d<\/p>\n

Read Also:\u00a0Buhari Refuses To Shake Hands With Tinubu At Event In Abuja (Video)<\/strong><\/p>\n

\u201cWith the current escalation of borrowing, we will be walking into debt slavery and move from landlords to tenants in our country,\u201d he said.<\/p>\n

\u201cThey will always tell you that even America is borrowing and I don\u2019t know how rational is it to keep on borrowing because Another country is borrowing.<\/p>\n

\u201cIf we keep listening to Bankers and contractors we will keep borrowing and burying ourselves and leave behind for our children a legacy of debt burden.<\/p>\n

\u201cLoans are not charities. Most of those encouraging more borrowing are parasitic consultants, commission agents, rents seeking fronts and contractors. We must be cautious.\u201d<\/p>\n

\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

President Buhari Former lawmaker, Shehu Sani, who was the chairman of the committee on local and foreign debts in the 8th senate, has explained why lawmakers rejected a $29.96 billion loan request from President Muhammadu Buhari. According to Sani, in a statement on Friday, the Senate rejected the request by the President to save Nigeria […]<\/p>\n","protected":false},"author":1,"featured_media":711565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-754826","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigeria"],"yoast_head":"\nWhy We Rejected Buhari\u2019s $30bn Loan Request Under Saraki's Senate - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/11\/29\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Why We Rejected Buhari\u2019s $30bn Loan Request Under Saraki's Senate - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"President Buhari Former lawmaker, Shehu Sani, who was the chairman of the committee on local and foreign debts in the 8th senate, has explained why lawmakers rejected a $29.96 billion loan request from President Muhammadu Buhari. According to Sani, in a statement on Friday, the Senate rejected the request by the President to save Nigeria […]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.ghanamma.com\/2019\/wp-content\/uploads\/2019\/09\/shehu-sani-1.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/29\\\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/29\\\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\"},\"headline\":\"Why We Rejected Buhari\u2019s $30bn Loan Request Under Saraki’s Senate\",\"datePublished\":\"2019-11-29T13:34:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/29\\\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\\\/\"},\"wordCount\":312,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/29\\\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/wp-content\\\/uploads\\\/2019\\\/09\\\/shehu-sani-1.jpg\",\"articleSection\":[\"Nigeria\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/29\\\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/29\\\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/29\\\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\\\/\",\"name\":\"Why We Rejected Buhari\u2019s $30bn Loan Request Under Saraki's Senate - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/29\\\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/29\\\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/wp-content\\\/uploads\\\/2019\\\/09\\\/shehu-sani-1.jpg\",\"datePublished\":\"2019-11-29T13:34:01+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/29\\\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/11\\\/29\\\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/wp-content\\\/uploads\\\/2019\\\/09\\\/shehu-sani-1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/wp-content\\\/uploads\\\/2019\\\/09\\\/shehu-sani-1.jpg\",\"width\":653,\"height\":365},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why We Rejected Buhari\u2019s $30bn Loan Request Under Saraki's Senate - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2019\/11\/29\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\/","twitter_card":"summary_large_image","twitter_title":"Why We Rejected Buhari\u2019s $30bn Loan Request Under Saraki's Senate - Ghanamma.com","twitter_description":"President Buhari Former lawmaker, Shehu Sani, who was the chairman of the committee on local and foreign debts in the 8th senate, has explained why lawmakers rejected a $29.96 billion loan request from President Muhammadu Buhari. According to Sani, in a statement on Friday, the Senate rejected the request by the President to save Nigeria […]","twitter_image":"https:\/\/www.ghanamma.com\/2019\/wp-content\/uploads\/2019\/09\/shehu-sani-1.jpg","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Written by":"Ghana News","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2019\/11\/29\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2019\/11\/29\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2019\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036"},"headline":"Why We Rejected Buhari\u2019s $30bn Loan Request Under Saraki’s Senate","datePublished":"2019-11-29T13:34:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2019\/11\/29\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\/"},"wordCount":312,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2019\/11\/29\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2019\/wp-content\/uploads\/2019\/09\/shehu-sani-1.jpg","articleSection":["Nigeria"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2019\/11\/29\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2019\/11\/29\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\/","url":"https:\/\/www.ghanamma.com\/2019\/11\/29\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\/","name":"Why We Rejected Buhari\u2019s $30bn Loan Request Under Saraki's Senate - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2019\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2019\/11\/29\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2019\/11\/29\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2019\/wp-content\/uploads\/2019\/09\/shehu-sani-1.jpg","datePublished":"2019-11-29T13:34:01+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2019\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2019\/11\/29\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2019\/11\/29\/why-we-rejected-buharis-30bn-loan-request-under-sarakis-senate\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2019\/wp-content\/uploads\/2019\/09\/shehu-sani-1.jpg","contentUrl":"https:\/\/www.ghanamma.com\/2019\/wp-content\/uploads\/2019\/09\/shehu-sani-1.jpg","width":653,"height":365},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2019\/#website","url":"https:\/\/www.ghanamma.com\/2019\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2019\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2019\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"}}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/posts\/754826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/comments?post=754826"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/posts\/754826\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/media\/711565"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/media?parent=754826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/categories?post=754826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/tags?post=754826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}