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The opposition Peoples Democratic Party (PDP) has berated the Senate for approving President Muhammadu Buhari’s request for a fresh $22.7 billion loan.

The approval was a sequel to the consideration of the report of the Senate Committee on Local and Foreign Debts.

The chairman of the committee, Senator Clifford Ordia, a lawmaker from Edo State, read the report and recommended that the Senate approve the request. Prior to the approval, there were arguments between lawmakers and the Senate President that lasted for over half an hour, this paper also reported.

The federal government had earlier said the $22.7 billion loan would be used for infrastructure development.

In his recent letter, President Buhari explained that the external borrowing plan targets projects cuts across all sectors with special emphasis on infrastructure, agriculture, health, education, water supply, growth and employment generation.

It should be noted that President Buhari sent the same request to the eighth Senate under..... (continue reading) http://www.dlbnewsonline.com/dlb-news/22-7b-foreign-loan-pdp-kicks-against-national-assembly-s-approval

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