Nigeria: Senate Rejects Buhari's Plan to Take $30 Billion Loan

1 November 2016

The Senate on Tuesday unanimously threw out plans by President Muhammadu Buhari to engage in external borrowing of $29.960billion for execution of key infrastructural projects across the country between 2016 and 2018.

The Senate did not even discuss it as it was killed immediately it was mentioned as an executive communication by Senate Leader, Senator Ali Ndume "that the Senate do consider the request of the President Commander in Chief on the 2016 - 2018 External Borrowing Rolling Plan."

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