Sponsored
News

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

Sponsored
Sponsored
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)

Sponsored
Funsho Arogundade

Recent Posts

Vietnam To Deepen Diplomatic, Economic, Cultural Ties with Nigeria

AFOLABI SAHEED OLAWALE The Vietnamese Government has pledged to deepen cooperation with Nigeria in agriculture,…

12 minutes ago

British Deputy High Commissioner In Abia To Deepen Digital Transformation And Economic Partnership

The British Deputy High Commissioner in Lagos, Jonny Baxter, has concluded a two-day visit to…

27 minutes ago

How Climate Crisis, Debt Deepen Pressure On Nigerian Women, Girls — ActionAid

AKINSINDE ADEOLA OYINDAMOLA Women, girls and climate-vulnerable communities are facing growing economic and social pressures…

40 minutes ago

Chimsom Chuka, Yusuf and Bells Evicted from BBNaija Season 11

Sunday night’s live eviction show wasted no time getting to the business of the night.…

2 hours ago

Two Brothers Arraigned Over Alleged N17.05m iPhone Fraud, Granted Bail In Lagos

KINSLEY EBERE The Lagos State Police Command has arraigned two brothers, Alao Kunle Emmanuel, 27,…

3 hours ago

JMG Calls For Clean Energy, Proper Waste Management As World Marks Cleanup Day

MICHAEL AKINOLA  As the world marks World Cleanup Day 2025, JMG Limited, Nigeria's leading electro-mechanical…

4 hours ago
Sponsored