Today's Trending

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.

lai-mohammed1

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.

[pro_ad_display_adzone id=”60438″]

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

    Like

  2. ok we are watching

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: