Breaking News: Senate Rejects President Buhari's $30bn Loan Request...See New Details

President Muhammadu Buhari

 

Following the Federal Government's proposal to borrow a humongous amount from international money lenders, the Senate has revealed its disposition about the development. 

The Nigerian Senate has rejected President Muhammadu Buhari’s external borrowing plan of $30bn for the execution of projects from 2016 to 2018.

 

The nays had it when the borrowing plan was put to a vote on the floor of the chamber during the plenary on Tuesday.

 

 

The borrowing plan was not debated at all.

 

More details later...