Senate Chides Nigerians Over Buhari’s $30billion Loan

Hamilton Nwosa
Writer

Ad

Alleged Christian Genocide: Shehu Sani accuses Nicki Minaj of stoking tensions to appease Trump

By Obinna Uballa Former Kaduna Central senator, Shehu Sani, has issued a stern rebuke to Grammy-winning rapper Nicki Minaj, accusing her of exploiting Nigeria’s security challenges to win favour with United States President Donald Trump. His criticism comes amid a deepening diplomatic rift between Abuja and Washington over allegations of a “Christian genocide” in Nigeria.…

Tinubu postpones G20, AU-EU trips amid outrage over Kebbi abductions, Kwara church attack

By Obinna Uballa President Bola Tinubu has postponed his planned trip to South Africa and Angola following fresh security breaches in Kebbi and Kwara States that have heightened national anxiety. The President was scheduled to depart Abuja today for the 20th G20 Summit in Johannesburg and later proceed to Luanda for the 7th AU-EU Summit…

Why Big Oil Is Still Gushing Profits Despite Low Oil Prices

Despite oil prices trading about $15/bbl below their 52-week highs, Big Oil firms—Exxon, Chevron, Shell, and TotalEnergies—collectively earned over $21 billion in Q3. Exxon’s breakeven has fallen to ~$40/bbl through automation and efficiency gains. Shell and TotalEnergies leveraged market volatility from new Russia sanctions, with trading profits soaring as Shell’s U.S. trading arm generated $1…

Ad

 

Senate President, Bukola Saraki has warned that the rejection of President Muhammadu Buhari’s request for a foreign loan of $30 billion should not be politicised.

Saraki spoke on Friday shortly after he joined the President for Jumat prayers at the Presidential Villa, Abula

Speaking on his purpose to the State House, Saraki said: “I came here to pray, I have finished praying and I just had a general felicitation with the President. It didn’t go beyond that.”

On the relationship with the executive regarding the loan, Saraki said, Nigerians should not look at that as a reflection of the relationship. “Don’t let us politicise very important issues. Our relationship is work in progress and has nothing to do with loans”.

The Senate had on October 25 rejected the request for external borrowing plan of $29.96 billion to finance infrastructural projects across the country between 2016 and 2018.

However, the Minister of information and Culture, Lai Mohammed had last Wednesday said that Buhari would re-present the request to the senate.

Mohammed, while briefing State House Correspondents on the outcome of the Federal Executive Council meeting, explained that the government would continue to engage lawmakers on the need for the loan.

According to him, the senators would approve the request when the government further engage them and make more details available.

He said: “It is not unusual for the government and the Senate to have some disagreements, they want more information”.

“We will continue to engage them. We will give them all the information they need”, he said.

Ad

X whatsapp