Don’t Politicise Senate Rejection Of $29.9bn Loan Request-Saraki

Posted on November 4, 2016
bukola-buhari
Senate President Bukola Saraki has dismissed the insinuation that government’s $29.9 billion borrowing request suffered setback in the Senate due to politics.

Saraki, who spoke to State House correspondents Friday after a closed door meeting with President Muhammadu Buhari at the Presidential Villa, Abuja, warned against politicisation of the Senate’s rejection of the request for approval to borrow the money for infrastructure development.

“I just had a general felicitation with the President. It did not go beyond that. We should not look at that (the loan request) as a reflection of the relationship between the Executive and the Legislature.

“Don’t let us politicise very important issues. As we said, this is work in progress, nothing to worry about,’’ he said.

The Senate last week voted against President Buhari’s request for the $29.96 billion foreign loan due to technical issues.

The Senate President had earlier joined President Buhari and hundreds of other Muslim faithfuls in performing the 2-Raka’at Juma’at (Friday) prayer, at the State House Mosque.

NAN also recalled that the Minister of Information and Culture, Alhaji Lai Mohammed, on Wednesday, said the executive would continue to engage the Senate on the benefits of the borrowing plan.

He expressed optimism that at the end of the day, the lawmakers would see reason and approve the President’s request.

“It is not unusual for the government and the Senate to have some disagreements; they (senators) 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 will approve the request,’’ he said.

 

(NAN)

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Dangote Petroleum Refinery & Petrochemicals has announced another reduction in the ex-depot price of... Continue
Zamfara State Government under the leadership of Governor Dauda Lawal has earmarked N7.2 billion... Continue
BY OLADAPO SOFOWORA In the relentless theatre of Lagos’ environmental space, the stakes are... Continue
The Executive Chairman of the Oyo State Universal Basic Education Board (OYOSUBEB), Dr. Nureni... Continue
The Executive Chairman of Ikeja Local Government, Comrade Akeem Olalekan Dauda (AKOD), on Wednesday... Continue
Golden Eaglets stars, Raheem Moyinoluwa Salaudeen and Fawas Ayomide Adeleke, are set to resume... Continue
The Bank of Industry (BoI), Nigeria’s foremost Development Finance Institution (DFI), has signed a... Continue
United Nigeria Airlines has announced a new partnership between its loyalty programme, Unity Rewards... Continue
A prominent Yoruba leader and public affairs commentator, Dr. Oyedele Oyewumi, has called on... Continue
BY FEMI AREMU  The approval of eight major federal road projects worth a combined... Continue

UBA


Access Bank

Twitter

Sponsored