Nov 2, 2016 – Saraki-Led Senate Rejects Buhari’s Request To Borrow $29.96Billion Under 2016-2018 External Borrowing Plan
The senate yesterday rejected President Muhammadu Buhari’s request to borrow $29.96 billion under the 2016-2018 External Borrowing Plan.
The upper chamber voted massively against the request.
Senate President Abubakar Bukola Saraki put the question twice –
“that the Senate do consider the request of the President C-in-C on the 2016-2018 External Borrowing Rolling Plan”. Twice it was rejected.
Senate Leader Mohammed Ali Ndume moved the motion for the consideration of the request. Deputy Minority Leader Emmanuel Bwacha seconded.
The lawmakers were not comfortable with “some glaring omissions in the Executive Communication” forwarded to them by President Buhari.