• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home General

$22.5bn loan to prevent recession – Bamidele

Freelanews by Freelanews
March 10, 2020
in General
0

The Chairman, Senate Committee on Judiciary, Human Rights and Legal Matters, Opeyemi Bamidele, has said that the approval given by the Senate to the President, Major General Muhammadu Buhari (retd.), to borrow $22.5bn was to save the country from sliding into another recession.

Opeyemi said, “The step we took was to avert economic recession. To prevent such, government would have to build infrastructure like roads, rail lines, create wealth, provide employments and carry out other social services to help the people.”

The senator, who spoke at Iyin Ekiti in the Irepodun/Ifelodun Local Government Area of Ekiti State on Monday during a programme organised by the Minister of Industry, Trade and Investment, Chief Niyi Adebayo, to mark his appointment as minister. He said Nigerians should see the loan as “a welcome development and a way to keep our economy soaring.”

The National Assembly member from Ekiti State said, “The legislative and the executive arms are working towards the same goal. It is for the development of our nation. The planners of economy knew that our budget must be well funded because we have to keep spending on infrastructure to avert recession.

“The 2020 budget estimate of the Federal Government is high and the government must ensure that it is made implementable through proper funding and the loan will help in making the funds available.

“It is important that we set a template for proper funding of the budget. But we are assuring Nigerians that the Senate won’t allow corruption under any guise. We are going to put proper legislation in place to stop pilfering of our money.

In a democracy, criticism is normal, but our people should be more concerned about ensuring that the loan is well appropriated for the projects that will create wealth and lift our economy. I am sure that President Buhari won’t fail in this aspect,” Bamidele stated.

The senator, who praised Adeniyi for his quest for development and the uplift of the populace, appealed to him to focus attention on the growth of small and medium scale enterprises in Ekiti State and as well use his position and tentacles to bring dividends of democracy to the state.

freelanews
Freelanews

Freelanews is a potpourri of news, entertainment, business, events and photos. This is no fake news.

Related Posts

Afghanistan girls robotics team
General

‘Afghan takeover’ Afghanistan girls return to school

by Freelanews
August 18, 2021
Azubuike Ishiekwene’s Generosity
General

Generosity, spirit of Azubuike Ishiekwene: Friend like no other

by Quadri Olaitan
February 21, 2025
Rauf Aregbesola
General

‘Creed of Christ’ FG declares holidays for Christmas, New Year celebrations

by Rtn. Victor Ojelabi
December 23, 2020
20210606 013554
General

‘Their wound, my wound’ Why I’ll not celebrate my birthday June 12, TB Joshua reveals

by Freelanews
June 4, 2021
ojo jpg
General

Edugate: ‘Tunji-Ojo has no case to answer’

by Rtn. Victor Ojelabi
January 10, 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Recent News

Expert businessman giving interview at a conference, surrounded by journalists with microphones, showcasing leadership and communication skills in the professional event.

Adebayo Adelabu unveils N700bn metering plan

October 28, 2025
Kwara Cancer

Kwara cancer screening boosts early detection drive

October 28, 2025
Nestoil

Nestoil placed under receivership over $1bn debt

October 28, 2025
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025

Search

  • Trending
  • Comments
  • Latest
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
APC Second-Term Governors

APC: Second-term governors seeking immediate elective post to lose party leadership

October 15, 2025
April Wind Couture

April Wind Couture thrives in Nigeria’s tough economy with bold Ankara vision

September 12, 2025
Abdul-Muiz Olanrewaju Animashaun

Abdul-Muiz Olanrewaju Animashaun remembered with love

September 14, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Expert businessman giving interview at a conference, surrounded by journalists with microphones, showcasing leadership and communication skills in the professional event.

Adebayo Adelabu unveils N700bn metering plan

October 28, 2025
Kwara Cancer

Kwara cancer screening boosts early detection drive

October 28, 2025
Nestoil

Nestoil placed under receivership over $1bn debt

October 28, 2025
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
October 2025
SMTWTFS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Hot!

Expert businessman giving interview at a conference, surrounded by journalists with microphones, showcasing leadership and communication skills in the professional event.

Adebayo Adelabu unveils N700bn metering plan

October 28, 2025
Kwara Cancer

Kwara cancer screening boosts early detection drive

October 28, 2025
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.