Buhari’s $22.7b foreign loan request approved by the Senate amid protest

by The Ajasa News | March 5, 2020 2:09 pm

The Senate on Thursday approved President Muhammadu Buhari’s request to borrow $22.7 billion despite objection from some Senators protest.

Buhari, in 2019 had sent the loan request to the senate but was rejected by the Upper Legislative Chamber under the leadership of Bukola Saraki.

However, during today’s plenary, Senate Minority Leader, Enyinnaya Abaribe cautioned against considering all recommendations on the loan request at once.

Abaribe stated that the Senate should consider the recommendations “item by item”, but his suggestion was dismissed by the Senate President, Ahmad Lawan.

Following the disagreement, the senate went into an executive session where it was agreed that the loan be approved.

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Source URL: https://theajasanews.com/buharis-22-7b-foreign-loan-request-approved-by-the-senate-amid-protest/

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