Senate approves Buhari’s $22.7b Foreign Loan

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

The same loan he had requested for from the senate in 2019 but was rejected by the Upper Legislative Chamber under the leadership of Bukola Saraki.
Senate Minority Leader, Enyinnaya Abaribe earlier today had cautioned against considering all recommendations on the loan request at once but it was dismissed by the Senate President, Ahmad Lawan and it was agreed that the loan be approved.

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