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

Written by  March 30 2018 font size decrease font size increase font size 0
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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.

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