Senate Rejects President Buhari’s $30 Billion Loan Request.

Following Federal Government’s proposal to borrow a humongous amount from international money lenders, the Senate has revealed its disposition about the development.

The Nigerian Senate has rejected President Muhammadu Buhari’s external borrowing plan of $30bn for the execution of projects from 2016 to 2018.

The nays had it when the borrowing plan was put to a vote on the floor of the chamber during the plenary on Tuesday.

The borrowing plan was not debated at all.

More details later…