2016-2018 External Borrowing Plan Request Re–Present To The Senate Again

After the presentation of the letter, which was dated November 26, 2019, was read on the floor by the President of the Senate, Ahmad Lawan, during plenary.While speaking the Senate President reveals that the rejection of the bill by the 8th Senate stalled the Federal Government’s implementation of critical projects like the mining, power, health, agricultural, water and educational sectors in the country.

The federal government is seeking for an external loan of $29.96 billion to execute key infrastructural projects across the country between 2016 and 2018 which the 8th Senate leadership didn’t pass atall. In a development, President Buhari, in another letter written to the Senate President transmitted the Companies and Allies Matters Bill, 2019 to the National Assembly for passage and consideration.

8th Assembly which was lead by Saraki threw out the request on the grounds that the letter that conveyed the message was not accompanied by a borrowing plan and should follow a dye process.
The 8th Senate did not even discuss the request as it died immediately it was mentioned as an executive communication by the then Senate Leader, Senator Ali Ndume in that time.

Babatunde

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