Buhari sends ‘rejected $30bn loan’ to Senate

Buhari sends ‘rejected $30bn loan’ to Senate

President Muhammadu Buhari has requested the Senate to approve an undisclosed amount of foreign loan for the Federal Government. The said $30 billion loan was rejected by the 8th Senate headed by Bukola Saraki. On Thursday, the President of the Senate, Ahmad Lawan, read the loan request from President Buhari on the floor of the

President Muhammadu Buhari has requested the Senate to approve an undisclosed amount of foreign loan for the Federal Government.

The said $30 billion loan was rejected by the 8th Senate headed by Bukola Saraki.

On Thursday, the President of the Senate, Ahmad Lawan, read the loan request from President Buhari on the floor of the Senate.

The Senate in November 2016 rejected the request in a bipartisan move without stating any reason was offered on why the loan request.

Recall that the Debt Management Office (DMO), the total loan of the Country currently stands at over N25 trillion.

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