Senate begins consideration of Buhari’s loan request

The Senate on Tuesday referred President Muhammadu Buhari’s 2016 – 2018 External Borrowing Plan request to its Committee on Local and Foreign Debts. The President’s request was forwarded to the Committee for further legislative work following its presentation by the Senate Leader, Yahaya Abdullahi, during plenary. The Committee has Senator Clifford Ordia (PDP, Edo Central) as Chairman and Senator Bima Mohammed Enagi (APC, Niger South) as Vice Chairman. President Buhari had in a letter dated November 26, 2019, said the Eighth National Assembly approved only a part of the External Borrowing request forwarded to it in September 2016. This, according to him, stalled the Federal Government’s implementation of critical projects spanning across the mining, power, health, agricultural, water and educational sectors. The letter read: “Pursuant to Section 21 and 27 of the Debt Management Office (Establishment) Act, I hereby request for Resolutions of the Senate to a...