Author Topic: $29.96bn loan: Lai Mohammed reveals Buhariís next move after Senate rejection  (Read 156 times)

0 Members and 1 Guest are viewing this topic.

Offline Goodiez Chibuike Nwachukwu

  • Jr. Member
  • **
  • Posts: 97
    • View Profile
Loading...


After Senate rejected President Muhammadu Buhariís request for a $29.96billion loan on Tuesday, November 1, minister of information and culture Lai Mohammed has revealed what is the next line of action.

The Minister of Information and Culture, Alhaji Lai Mohammed

 
According to Reuters, Lai Mohammed told a group of reporters on Wednesday, November 2 that the Presidency aims to represent the loan request and is very confident that it would be approved.

ďIt is not unusual for the government and the Senate to have some disagreements, they want more information,Ē Lai Mohammed said on Wednesday.

 The former national publicity secretary of the All Progressives Congress confirmed that the  government will resubmit to the Senate the request to borrow about $30 billion abroad up to 2018, which the house rejected on Tuesday for lack of necessary details.
ďWe will give them all the information they need Ö and we are sure that by the time we finish they (lawmakers) will approve the request,Ē he said.

Meanwhile, following Senateís rejection of President Muhammadu Buhariís $29.96bn loan request, the ministries of Finance and Budget and National Planning as well as the Debt Management Office have begun working on the details of the borrowing plan.

The request for legislative approval for the borrowing plan was on Tuesday, November 1, rejected by senators during the plenary session due to lack of documents supporting the request as referenced in the letter sent by the president.


Source:  http://nigerianewsonline.com.ng/29-96bn-loan-lai-mohammed-reveals-buharis-next-move-after-senate-rejection/



 

Reasons why i must meet with President Obama ?Says President Buhari

Started by mastercode

Replies: 0
Views: 213
Last post July 09, 2015, 04:35:29 PM
by mastercode
Buhari, Osinbajo sworn in as New Nigeria President, Vice President

Started by mastercode

Replies: 0
Views: 230
Last post May 29, 2015, 12:05:19 PM
by mastercode
Buhari warns Incoming Ministers'dont use Long Convoys,dont Appoint Excess Aides

Started by admin

Replies: 0
Views: 166
Last post November 07, 2015, 12:44:21 PM
by admin
"I Will Defeat Buhari In A Free And Fair Presidential Election" - Fayose Vows

Started by legendguru

Replies: 0
Views: 350
Last post September 29, 2017, 12:31:02 AM
by legendguru
Man walking from Lagos to Abuja on Buhari's victory finally arrives Abuja

Started by jchima14

Replies: 0
Views: 221
Last post April 21, 2015, 04:05:51 PM
by jchima14
French President invite Newly elected Nigeria President Buhari to Paris

Started by mastercode

Replies: 0
Views: 656
Last post April 03, 2015, 12:21:18 AM
by mastercode
Betting Website Naijabet turns Buhari trip to London to betting Game

Started by Nairaland

Replies: 0
Views: 490
Last post August 04, 2017, 01:19:17 AM
by Nairaland
African Union UNECA Chairman Mbeki backs Buhari?s effort to recover stolen funds

Started by yungcrux

Replies: 0
Views: 322
Last post September 26, 2015, 03:32:37 AM
by yungcrux
Release of Nnamdi Kanu tops list of conditions Igbo senators gave Buhari to supp

Started by Ereporter

Replies: 0
Views: 122
Last post November 12, 2016, 10:44:59 AM
by Ereporter
Court adjourned legal suit filed to disqualify Buhari till April 22nd

Started by mastercode

Replies: 0
Views: 530
Last post March 26, 2015, 06:06:33 PM
by mastercode