Buhari’s gets $22.7b foreign loan Approval as Abaribe disagrees

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The Senate approved President Muhammadu Buhari’s request to borrow $22.7 billion despite objection from some Senators.


Buhari’s gets $22.7b foreign loan Approval

Buhari, in 2019 had sent the loan request to the senate but was rejected by the Upper Legislative Chamber under the leadership of Bukola Saraki.

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However, during today’s plenary, Senate Minority Leader, Enyinnaya Abaribe cautioned against considering all recommendations on the loan request at once.


Buhari’s gets $22.7b foreign loan Approval as Abaribe disagrees

Abaribe stated that the Senate should consider the recommendations “item by item”, but his suggestion was dismissed by the Senate President, Ahmad Lawan.

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Following the disagreement, the senate went into an executive session where it was agreed that the loan be approved.

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