Jumia

Tuesday, 1 November 2016

Senate rejects Buhari's $30bn External Borrowing Plan

Senate has rejects President Muhammadu Buhari's $29.6 billion external borrowing plan. President Buhari had last week written to the Senate, requesting for the approval to borrow about $30bn as 2016 – 2018 External Borrowing Rolling Plan.


Senate Leader, Ali Ndume, the senator representing Kogi West, Senator Dino Melaye indicated to lead a debate on the matter, but was turned down by the Senate President, Bukola Saraki.

A voice vote was carried out, at the end of which those rejecting turned out the loudest vote.


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