Home > Breaking news > Senate Rejects Buhari’s $30bn Loan

Senate Rejects Buhari’s $30bn Loan

The 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.

Details later…

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

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