Buhari will resend $30bn loan request to Senate – Mohammed - OBI-AFRICA

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Friday, 8 September 2017

Buhari will resend $30bn loan request to Senate – Mohammed

President Muhammadu Buhari will resubmit the request for his administration to borrow $29 .96 bn to the Senate despite the setback it received on the floor of the Upper Chamber on Tuesday .
Minister of Information and Culture , Alhaji Lai Mohammed , disclosed this to State House correspondents at the Presidential Villa , Abuja on Wednesday .
Mohammed said the administration would continue to engage the Senators on the benefits inherent in the borrowing plan .
He expressed the optimism that at the end of the day , the federal lawmakers would see reasons and approve the request .
He said , “It is not unusual for the government and the Senate to have some disagreements , they want more information.
“We will continue to engage them . We will give them all the information they need .
“We are sure that by the time we finish , they ( the lawmakers ) will approve the request .”
The Leader of the Senate , Ali Ndume , had on Tuesday said senators voted against Buhari ’ s request for $ 29 . 9bn foreign loan was rejected due to technical issues .
Briefing newsmen shortly after plenary , Ndume , who said that he was shocked that the request suffered such setback , expressed optimism the issues would be resolved and the request would be represented .
He said , “The problem came on a technical ground ; it is supposed to go to the committee level and the committee is supposed to take a look at it.
“I am going to appeal to my colleagues to take a look at it again and see how we are going to bring it back.
“One of the technical things that were missing is that in the letter , if you read it, says : ‘attached is a draft ’ but there was no attachment .
“So , these are some of the lapses that we will look at in bringing it back .
“We were thinking that there was going to be details but there was no detail of the borrowing plan .
“I believe that those will be included in the next one. ”

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