President of the Senate, Dr Ahmad Lawan, has referred the request of President Muhammadu Buhari, seeking to borrow $4.054bn, €710m, $125m external loans to the Senate Committee on Foreign and Local Debts for further legislative action.

Lawan at Tuesday’s plenary asked the Committee, chaired by Senator Clifford Ordia, to work on the Buhari’s request and submit its report next Tuesday.

This directive was sequel to a motion to that effect moved by the Senate Leader, Senator Yahaya Abdullahi, and seconded by the Minority Leader, Senator Enyinnaya Abaribe.

The Senate had upon resumption from two-month annual recess last week received a formal request from President Buhari to consider and approve an external loan to fund projects captured under the 2018-2021 borrowing plan.

The President in the letter explained that the projects listed in the 2018-2021 Federal Government Borrowing Plan are to be financed through sovereign loans sourced from the World Bank, French Development Agency, China-Exim Bank, International Fund for Agricultural Development, Credit Suisse Group and Standard Chatered/China Export and Credit in the total sum of $4,054,476,863.00; €710,000,000.00 and grant component of $125,000,000.00.


https://www.thisdaylive.com/index.php/2021/09/21/senate-gives-committee-one-week-to-consider-buharis-4-05bn-e710m-loan-request/

One week threat.


Ok o

lol

That's good we need that money badly this projects must not turn to abandone projects.

Agree and smile senate.

M

What fucking week do they need

That toad can pass it from his hotel room after straffing

What's the need

If turned down and people hit street, Buhari will just point accusing fingers at PDP who he has always blamed for not saving money for him even thought he inherited a robust reserve of over $30 billion.

Standing5:
If turned down and people hit street, Buhari will just point accusing fingers at PDP who he has always blamed for not saving money for him even thought he inherited a robust reserve of over $30 billion.

Then he would explain why $4b loan is his problem when he squandered $3b to find oil in the desert

$26billion wasted on maintaining non existent refinery, $4b is just chicken change for his looting spree

Wahala for who no approve our LOAN

Why one week........ please sir use your good office as a sitting Sinate president and patriotic nigerian make it 24 hours ASAP....
Inshallah

It's a welcome development