Breaking News: Senate Rejects Pres. Buhari’s $29.6bn External Borrowing Request

By Ikenga Chronicles November 1, 2016

Information emerging from the floor of the Nigerian Senate is that the lawmakers have rejected President Muhammadu Buhari’s external borrowing plan for $29.6 Billion.

The President had last week sent a request to the Senate requesting for approval to borrow $29.6bn. That request has now been rejected by the Senate as reported by the official Twitter handle of the body:

“@NGRSenate: BREAKING: Senate Rejects President Muhammadu Buhari’s $29.6bn External Borrowing Plan.”

No explanations were given for this action yet.

 

More to follow…

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