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BREAKING: Senate Approves $200m World Bank Loan For Lagos - Politics - Nairaland

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BREAKING: Senate Approves $200m World Bank Loan For Lagos by infoebiscoebi: 3:49pm On Nov 18, 2015
The Senate on Wednesday, approved the $200 million loan request for the Lagos State government, following deliberation of the report of Ad-hoc Committee on Foreign and Local debt to which the request was referred a fortnight ago.
Governor Akinwunmi Ambode of Lagos State

Senator Kabiru Gaya (APC Kano South), in a motion for the consideration of the report, said: “That the Senate do consider the Report of Ad-Commiittee on Local and Foreign Debts for Special approval of Lagos State Development Policy Operation (DPO) loan budget support of US$200 Million from the World Bank.”


Supported by Senator Remi Tinubu (APC Lagos), Gaya explained that the loan would go a long way developing the state’s infrastructure and in generating jobs for the teeming unemployed in Lagos State.

In his contribution, Senator Danjuma Goje, however warned that the loan should not be taken just for the sake of it, but should be expended judiciously and purposefully so that when it was being paid back people could point to the infrastructures it was used for.

“Mr Senate President, my own is to express caution. Loans are meant to be paid back with interest and so it should be judiciously used to the extent that the people of Lagos State could point to those things it was used for,” he noted.

On his part, Senator George Sekibo called on the Senate to ensure a detailed probe of past loans, adding that the red chamber should be carried along in the
- See more at: http://www.mcebisco.com/2015/11/breaking-senate-approves-200m-world.html#sthash.cgMALZQD.dpuf

Re: BREAKING: Senate Approves $200m World Bank Loan For Lagos by Omoedeki(m): 3:51pm On Nov 18, 2015
Re: BREAKING: Senate Approves $200m World Bank Loan For Lagos by kosovo(m): 3:51pm On Nov 18, 2015
This is alarming, and the president just asked for another N2.1T loan.. sad
Re: BREAKING: Senate Approves $200m World Bank Loan For Lagos by Nobody: 3:56pm On Nov 18, 2015
Borrow-borrow government. No one wants to be creative with the available resources...N2.1trn by Buharia, now, a model is borrowing $200m. Lazy set of old men.
Re: BREAKING: Senate Approves $200m World Bank Loan For Lagos by jayzblack(m): 4:04pm On Nov 18, 2015
Let dem kip borowing 1 day nigeria wil be mounted for sale...
Re: BREAKING: Senate Approves $200m World Bank Loan For Lagos by tafabaloo(m): 4:13pm On Nov 18, 2015
Kkkk
Re: BREAKING: Senate Approves $200m World Bank Loan For Lagos by Luciferlove: 4:14pm On Nov 18, 2015
buhari
Re: BREAKING: Senate Approves $200m World Bank Loan For Lagos by CyberWolf: 4:16pm On Nov 18, 2015
Chai..The future of the zoo generation is doomed.. angry angry

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