Nigerian Senate has requested for the approval of a foreign loan of three hundred and fifty million US dollars.

Rate this item
(0 votes)

The Nigerian Senate has thrown out a request by the Kaduna State Governor, Malam NASIR EL-RUFAI; seeking approval for a foreign loan of three hundred and fifty million US dollars. 

 

The Senate rejected the World Bank in a unanimous vote after the Chairman Committee on Local and Foreign Debts, Senator SHEHU SANI called for consideration of the request by the Kaduna State Government. 

The request was made under the Kaduna State Development Policy Operation Credit Facility, and all three Senators representing the state spoke against the plan.

 

In his presentation; Senator SHEHU SANI, who is currently having a running battle with Governor NASIR EL-RUFAI, said the committee was not in support of the loan request. 

 

Senator SANI said loan should be rejected because the Kaduna State Government still has pending loan of two hundred and thirty-two million dollars to repay, which dates back since 1990. 

 

On their part; Senators SULEIMAN HUNKUYI and DANJUMA LA also spoke against the loan request, after which the Deputy Senate President IKE EKWEREMADU, called a voice vote and the motion was defeated.

 

Surprised by the first vote and determined to give Governor EL-RUFAI a soft landing, Senator EKEREMADU called for a second voice vote, which was also defeated by the Red Chamber.

Read 43 times

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Listen live

Connect To Us

Advert

for more inquiries, please call

 
 
 
 

Photo

add2.jpg

Advert Space

Subscribe to Newsletter

Recent Twitter Posts

Facebook