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FG to represent $29.9bn loan request with detailed information – Minister

According to reports, the Minister of Information, Alhaji Lai Muhammed, on Wednesday said that President Muhammadu Buhari would reapply for the approval of $29.9 billion loan.


The first request for external borrowing to fund critical infrastructural projects in the country between 2016 to 2018 was rejected by the Senate on Tuesday.

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But briefing State House correspondents at the end of the Federal Executive Council, (FEC) meeting, Mohammed said that lack of detailed information frustrated the approval of the first request sent to National Assembly.

According to him, the government would provide the necessary information which the Senate needed for the approval.

The minister also maintained that the disagreement between the legislative and executive arms of government were not unusual and that it was in the interest of Nigerians.

“It is not unusual for the government and the Senate to have some disagreements, they want more information.

“We will give them all the information they need and we are sure that by the time we finish they (lawmakers) will approve the request,” he said

2 Comments on FG to represent $29.9bn loan request with detailed information – Minister

  1. Issokay


  2. ok we are watching


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