Senate Set To Approve Buhari's $30BN Loan Request - Senate President, Ahmad Lawan Reveals

Date: 16-12-2019 3:40 pm (4 years ago) | Author: Adegbenga Ayinla
- at 16-12-2019 03:40 PM (4 years ago)
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Despite his earlier caution to the Executive to minimise its planned borrowing, Senate President, Ahmad Lawan, has said the $29.9 billion loan request by President Muhammadu Buhari will be passed.
During a media parley Lawan speaks in abuja, He said
Quote
"the reconsideration request by the president will be passed after various standing committees carry out serious oversight functions and ensure that the money is not misappropriated by the various Ministries, Departments and Agencies (MDAs)"
In November 2016, Buhari had asked the 9th Senate to consider approving the 2016-2018 external borrowing plan which was rejected by the 8th Senate
Lawan said:
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“The question of whether we will pass the loan request of the Executive arm of Government, yes, we will pass it. If we don’t have money and you have projects to build them, how will you provide infrastructure that you need?
“But one thing is that, we are going to be critical that every cent that is borrowed is tied to a project. These are projects that will have spillover effects on the economy and we will undertake our oversight so well to ensure that such funds are properly, prudently, economically and transparently are applied on those projects.”

Posted: at 16-12-2019 03:40 PM (4 years ago) | Gistmaniac
- Osahenogae1 at 16-12-2019 03:54 PM (4 years ago)
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Nigeria!!! i only pity the good Nigerians! all these evil leaders will not stop to destroy Nigeria!
Posted: at 16-12-2019 03:54 PM (4 years ago) | Gistmaniac
Reply
- crusita at 16-12-2019 08:20 PM (4 years ago)
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ls all this money,borrow here,borrow there to  repair the bad road or share it among the leaders.
Posted: at 16-12-2019 08:20 PM (4 years ago) | Gistmaniac
Reply
- dopygenius at 16-12-2019 08:39 PM (4 years ago)
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Just imagine ooo the ones he do borrow before
Wetin him use zam do?
As him dey borrow
Na so Nigerians go dey pay pack Small Small from their wages
Posted: at 16-12-2019 08:39 PM (4 years ago) | Gistmaniac
Reply

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