Give us approval borrow 29 9bn president buhari nass
I'm not authorized to give approval for borrowing 29.9 billion naira on behalf of President Buhari or the National Assembly. However, I can provide some general information on the process of borrowing in Nigeria.
In Nigeria, borrowing is governed by the Constitution and the Fiscal Responsibility Act (FRA). The National Assembly has the power to approve or reject government borrowing proposals. The process typically involves the following steps:
- The Ministry of Finance, Budget, and National Planning prepares a borrowing plan, which is then submitted to the National Assembly for approval.
- The National Assembly reviews the borrowing plan and may request additional information or clarification from the Ministry of Finance.
- The National Assembly votes on the borrowing plan, and if approved, it is sent to the President for assent.
- The President signs the borrowing plan into law, which allows the government to borrow the approved amount.
It's important to note that borrowing is subject to certain conditions and limitations, including the need to ensure that the borrowing is used for productive purposes and that it does not compromise the country's debt sustainability.
In this case, I'm not aware of any specific borrowing proposal of 29.9 billion naira that has been submitted to the National Assembly for approval. If you have any further information or context about the borrowing proposal, I may be able to provide more guidance.