Rubber Stamp: Senate Approves Buhari’s $22.7 Billion Loan Request

Rubber Stamp: Senate Approves Buhari’s $22.7 Billion Loan Request

By Wires | The Trent on March 5, 2020
Ahmad Lawan, Senate
Ahmed Lawan, the senate president of Nigeria

The Nigerian Senate has approved President Muhammadu Buhari’s request to borrow $22.7 billion.

The upper legislative chamber okayed the request on Thursday, March 5, 2020, amid objections from some senators.

While the matter was being debated, Enyinnaya Abaribe, minority leader and chieftain of the Peoples Democratic Party, PDP, Nigeria’s main opposition party, warned against considering all the recommendations on the loan at once.

The PDP senator suggested that it should be done “item by item”, but Senate President Ahmad Lawan disagreed with him, Premium Times reports.

Subsequent debate on the matter forced the Nigerian Senate into an executive session during which it agreed to approve the request.

President Buhari sent the loan request to the senate in 2019 though it was rejected by the previous senate under Bukola Saraki.


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