News Politics

Senate approves Buhari’s $22.7b foreign loan

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

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.

Related posts

Khana Inter-Party Stakeholders Meeting, gathering of Wike’s ‘errand boys,’ says Yamaabana

The Port Harcourt Spectator

2023: Group vows to deliver Tinubu, APC candidates in Rivers

The Port Harcourt Spectator

Tinubu confirms Adeniyi as CG Customs

The Port Harcourt Spectator

Leave a Comment